Executive Mosaic’s
GovCon Index closed down sharply to reach a two month low. The Index retreated back to levels not seen since early July with all thirty companies declining.
Markets responded to intensified fears that the Federal Reserve could finally pull the trigger on raising rates after a nearly ten month hiatus.
Companies have benefited from lower borrowing costs which have been reflected in their stock prices. Investors responded to the potential of the Fed tightening interest rates.
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%
Barry Tanner is now permanent DON CIO and headlines POC's 2026 Navy Summit on Aug. 27, his first public appearance…
Army Contracting Command at Redstone Arsenal awarded Parsons a time-and-materials IDIQ contract.
MANTECH has named tech industry veteran Christopher Copeland chief innovation officer and Navy veteran Brian Keith as digital chief.
Former Bell supply chain executive Michael Loeffler will lead BAE Systems Inc.'s supply chain organization.
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CBP plans to reserve the firm-fixed-price C-NET award for small businesses, with Syzygy serving as the incumbent.
Jariet Technologies has operations in the U.S. and Switzerland and specializes in RF transceiver integrated circuits.
The Army has opened an on-ramp solicitation for the TEIS IV contract for USAISEC systems engineering and IT support.
From a $3.5 billion service craft contract to T-6/T-34 aircraft maintenance, see five contract opportunities at the U.S. Navy.
Noblis has acquired FTS International, expanding its intelligence, defense and space mission engineering and analysis capabilities.
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Gainey's career credits include co-founding the Department of War's first Joint Counter-small Unmanned Aircraft Systems Office in 2020.
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VIDEO 
Executive Mosaic’s GovCon Index closed down sharply to reach a two month low. The Index retreated back to levels not seen since early July with all thirty companies declining.
