Executive Mosaic’s GovCon Index posted a gain of 0.508 percent or 0.412 points Friday to close at 81.565 and end a three-day losing streak as investors bet against the possibility of an interest rate hike in September. The Index also registered a weekly gain with S&P 500-listed Northrop Grumman (NYSE: NOC) as ...
Executive Mosaic’s GovCon Index ended its three-day losing streak Friday after August’s jobs report missed economists expectations to register a weekly gain and investors bet against the possibility of a September interest rate hike. GovCon Index gainers outnumbered laggers by a roughly 9-to-1 ratio and S&P 500-listed&...
Executive Mosaic’s GovCon Index started September with a slight decline Thursday to register its third straight loss as Vectrus (NYSE: VEC) plunged almost 20 percent on the loss of a contract for Middle East-based logistics services the company held since 2010. Colorado Springs-based Vectrus said pre-open the Army Prepositioned Stock...
The U.S. Navy has awarded positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $950.8 million combined over five years for sustainment work on the Littoral Combat Ships 1 variant class. BAE Systems‘ Southeast Shipyards Mayport division and General Dynamics‘ (NYSE: GD) NASSCO subsidiary can vie for task ord...
Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price sta...
Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s clos...
Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered lagger...
David Lockwood, CEO of U.K.-based electronics firm Laird, will succeed Bob Murphy as CEO of Cobham by Jan. 1, 2017. Murphy will leave his post by the end of 2016 and will be succeeded by Lockwood on the company™s board of directors, Cobham said Wednesday. “David has a background in defense and communications technology which are...
The U.S. Navy has awarded seven companies contract modifications worth $117.3 million combined to continue to provide technical and engineering services for the service branch’s vessels. The contract modifications were awarded to exercise the second option year on a previously awarded cost-plus-fixed-fee, indefinite-delivery/indefinite-quanti...
Executive Mosaic’s GovCon Index closed Friday down 0.148 points to 82.467 to end the week with a 0.315-point loss. The Index mirrored the larger U.S. market as the retail sales report for July showed no change from the previous month and manufacturing data fell below analyst expectations. Four of GCI’s S&P 50...
