May 2 Morning Report: GovCon Index Posts Weekly Decline, Sharp Gain for April

The GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week.

GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24 percent.

Several of the largest GovCon companies reported first-quarter earnings and sales this week that topped Wall Street expectations, including Lockheed Martin (NYSE: LMT), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC).

Top GovCon Index Net Gainers

Symbol	Company	$ Current Price	Net Change –´	% Change
LLL	L-3 Communications*	131.53	+0.69	+0.53%
ICFI	ICF International	39.37	+0.65	+1.68%
NOC	Northrop Grumman*	206.26	+0.65	+0.32%
ACM	AECOM	32.49	+0.22	+0.68%
BAESY	BAE Systems	27.94	+0.02	+0.06%

* Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

Symbol	Company	$ Current Price	Net Change	% Change
ICFI	ICF International	39.37	+0.65	+1.68%
ACM	AECOM	32.49	+0.22	+0.68%
LLL	L-3 Communications*	131.53	+0.69	+0.53%
NOC	Northrop Grumman*	206.26	+0.65	+0.32%
I	Intelsat	3.95	+0.01	+0.25%