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...
Executive Mosaic’s GovCon Index rebounded Tuesday on gains by defense technology makers as U.S. stocks also rose with jumps by technology and retail shares in conjunction with investor optimism on new consumer confidence data. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and all 11 of its S&...
Executive Mosaic’s GovCon Index showed little change Monday to start September’s final trading week as U.S. stocks declined on investor anticipation over the first U.S. presidential debate to take place six weeks before the Nov. 8 election. GovCon Index decliners outnumbered gainers at a 2-to-1 ratio and two of its&nb...
Executive Mosaic’s GovCon Index rose for a second straight session Thursday to extend gains on the Federal Reserve‘s Wednesday decision to leave interest rates unchanged on a mix of contributions from large defense platform makers and services-oriented contractors. Thursday also represented the GovCon Index’s first day of...
Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in December. All of the GovCon...
Executive Mosaic’s GovCon Index rose Monday in an attempt to close above the 80-point barrier for the first time since Sept. 12 on gains by large defense primes and services-oriented companies. The GCI’s positive movement contrasted activity in U.S. financial markets as stocks turned south in the final hour of trade a...
