Executive Mosaic’s
GovCon Index closed Friday with a 2.30-percent drop to 79.822 to post a two-month low with all 30 registered companies in the negative.
U.S. markets also dropped with the S&P 500 at 2, 127.81, the Dow Jones Industrial Average at 18, 085.45 and Nasdaq at 5, 125.91.
Investors have expressed concerns that the Federal Reserve could soon implement increased interest rates after nearly 10 months.
Market Summary
Index Value Net Change % Change GovCon Index 79.822 -1.879 -2.30% S&P 500 2, 127.81 -53.49 -2.45% Dow Jones Industrial Average 18, 085.45 -394.46 -2.13% NASDAQ 5, 125.91 -133.57 -2.54%
Advancing GovCon Index Issues 0 Declining GovCon Index Issues 30 Unchanged GovCon Index Issues 0
Lowest GovCon Index Net Performers
Symbol Company $ Current Price Net Change –¾ % Change MCK McKesson Corp.* 176.09 -6.95 -3.80% BA Boeing* 128.53 -4.37 -3.29% RTN Raytheon* 136.08 -3.60 -2.58%
Lowest GovCon Index Percentage Performers
Symbol Company $ Current Price Net Change % Change –¾ I Intelsat 2.65 -0.20 -7.02% CAE CAE 13.85 -0.64 -4.42% ACM AECOM 28.86 -1.28 -4.25%
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Mallory Cawlfield brings leadership experience from CACI, Applied Insight, Zavda Technologies and the U.S. Navy to her new role.
Mehall was senior vice president of operations at CACI, VP of operations at Chenega and VP of USIS.
Northrop Grumman has received a potential $863 million Army IDIQ contract to produce M1156 precision guidance kits.
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Executive Mosaic’s GovCon Index closed Friday with a 2.30-percent drop to 79.822 to post a two-month low with all 30 registered companies in the negative.
