Executive Mosaic’s GovCon Index held flat Friday despite gains in the larger U.S. stock market on positive bank earnings reports and Federal Reserve Chair Janet Yellen’s comment that the country may be able to handle a “high pressure” economy with a tight labor market. Friday’s gain wa...
Executive Mosaic’s GovCon Index plunged 1 percent Tuesday to post its worst one-day performance in two months with all 30 companies in red at the close as U.S. financial markets entered sell-off mode on investor worries over dim third quarter corporate earnings and the fast pace of inflation. Six of the GovCon Index’s 10 l...
Executive Mosaic’s GovCon Index returned above the 80-point barrier Monday on strong gains by Boeing (NYSE: BA) and services-oriented companies as energy shares led U.S. stocks higher in conjunction with a rise in crude oil prices. GovCon Index gainers outnumbered laggers at a 6-to-1 ratio but five of its 11 S&P 500 componen...
Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. ThursdayR...
Executive Mosaic’s GovCon Index declined Tuesday with major defense primes and large services companies the major contributors to its losses as U.S. stocks also tumbled on a stronger dollar and a muted global outlook from the International Monetary Fund. GovCon Index gainers outnumbered laggers by a 2-to-1 ratio, McKesson Corp. ...
The U.S. Navy has awarded separate contract modifications to General Dynamics‘ (NYSE:GD) NASSCO subsidiary and Huntington Ingalls Industries‘ (NYSE:HII) Ingalls Shipbuilding division to obtain long-lead time materials needed for the production of two Navy ships. The Defense Department said Monday that Ingalls Shipbuil...
Executive Mosaic’s GovCon Index recorded a 0.232-percent drop Friday to 80.575 and closed September with a 1.13-percent loss. McKesson Corp. (NYSE: MCK) was the top gainer for both GCI stocks and stocks co-listed with the S&P 500. KBR (NYSE: KBR), whose joint venture with Triple Canopy won the $117.8 mill...
Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 ...
Huntington Ingalls Industries (NYSE: HII) has been awarded a potential $400 million indefinite-delivery/indefinite-quantity contract to repair nuclear-powered submarines, moored training ships, special mission submersibles and submarine support facilities for the U.S. Navy. The Defense Department said Thursday the contract has an ordering ...
Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 compani...
