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May 13 Market Close: GovCon Index Sinks 1%, Large Primes Fall on Lockheed Downgrade

The GovCon Index held lower throughout Friday trade in a reflection of dim sentiment in U.S. markets and closed down 1.052 percent to 77.038 with many of the GCI’s largest prime contractors as the biggest decliners after a nearly four-day stretch as the drivers of gains. Friday’s close puts the Index at a …

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May 12 Market Close: GovCon Index Holds Steady Against Choppy US Markets

The GovCon Index held steady despite general choppy activity in U.S. financial markets during Thursday trade and closed at a gain of 0.304 points to 77.857 on strong performances by many platform and product makers in the contracting arena. Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) both rose at least $3.00 …

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May 9 Morning Report: GovCon Index Posts Gain on US Buying Activity, Earnings Reports

The GovCon Index closed Friday with a 0.634-point increase to 7.206 amid buying activity in U.S. financial markets. The GCI also posted a weekly gain of 0.845 points as earnings reports from contractors over the past week — including Huntington Ingalls Industries (NYSE: HII),  Engility Holdings (NYSE: EGL),  ICF International (Nasdaq: ICFI),  Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: …

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May 6 Market Close: GovCon Index Boosted by Engility & ICF 1Q Beats, Huntington Ingalls Extends Gain Stretch

The GovCon Index rode the wave of buying activity in U.S. financial markets Friday and closed up 0.634 points to 7.206, which put the GCI at a weekly gain of 0.845 points to start May after a series of earnings reports from contractors that exceeded analyst expectations. Shipbuilder Huntington Ingalls Industries (NYSE: HII) extended its win …

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Weekly Roundup May 2 – May 6 2016: Defense Earnings Season Rolls On & More

May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what …

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GovCon Wire Editor Ross Wilkers Discusses Defense 1Q Earnings Season on ‘National Defense Week’ Radio Program

TYSONS CORNER, VA May 3, 2016 — Ross Wilkers, lead journalist for GovCon Wire and online editor for Executive Mosaic media properties,  was interviewed for a radio segment scheduled to air Sunday morning on first quarter earnings reports from U.S. defense contractors and Wall Street’s current perceptions of the sector. Washington-based WMAL in March …

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May 4 Market Close: GovCon Index Down as Job Estimates Weigh on US Markets

The GovCon Index slid for a second consecutive session Wednesday by 0.498 points to 75.867 as U.S. financial markets entered sell-off mode on new data that showed a slowdown in hiring for the month of April. Harris Corp. (NYSE: HRS) extended its stretch of declines into a second straight day after the communications …

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May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309, 200 shares …

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Drone Aviation Chairman Jay Nussbaum Adds CEO Title

Jay Nussbaum, chairman of the board at Drone Aviation Holding Corp. since June 2015, will serve in the additional role of CEO at the Jacksonville, Florida-based tethered and unmanned aerial systems manufacturer. The nearly 40-year sales and business management veteran succeeds Kevin Hess, who has moved to his new role as chief …

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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 …

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