The GovCon Index registered four daily losses in five trading sessions for two straight weeks. On Friday, the index, which tracks the stock performances of 30 major government contractors, fell -1.64% to $4,576.02. This represents four consecutive weekly losses since the last two weeks of January. Defense stocks have taken a hit because of policy...
Executive Mosaic’s GovCon Index marked its first winning week in 2025 after seven losing weeks since the last week of November 2024. Also, the index, which tracks the stock performances of 30 major government contractors, rose +0.32% on Friday to $5,021.18 for its seventh consecutive daily gain. Wall Street’s major stock benchmarks rallied and f...
Executive Mosaic’s GovCon Index ended slightly higher on Friday at $4,830.86 (+0.05%), although it still lost -0.73% for the week. The index, which tracks the stock performances of 30 major government contractors, is off to a rough start in 2025 and is down -0.14% year-to-date. Wall Street reopened after the Day of Mourning, but the...
Executive Mosaic’s GovCon Index recorded gains in four of five trading sessions, advanced more than 1% in three days, and had its best day Wednesday with +1.99%. Friday’s closing of $5,640.35 was also its highest close. The result is a 4.9% weekly gain, GCI’s highest this year. The index, which tracks the stock performances of...
Executive Mosaic’s GovCon Index had a weak start in August, evidenced by losses in the first seven trading days. Still, the index tracking the stock performances of 30 major government contractors recovered from the slump to register a second straight winning week this month. After alternating between gains and losses during the week and...
Rancher Government Solutions CEO Paul Smith recently accepted his 2024 Wash100 Award during a meeting with Executive Mosaic CEO Jim Garrettson, who founded the esteemed recognition. The coveted Wash100 Award is the most sought after recognition for government contracting industry executives. To choose its winners, Wash100 carefully examines the i...
Executive Mosaic’s GovCon Index and Wall Street ended the week strong due to a broad market rally. The index, which tracks the stock performances of 30 major government contractors, edged 0.21% higher Friday to $4,871.91, suitable for a 1.94% week-on-week gain. The Nasdaq Composite advanced 2.02% for a weekly gain of 4.2%. Alphabet (Nasdaq: G...
Forty-six companies have won spots on a follow-on $1 billion U.S. Air Force contract vehicle to develop testing and evaluation platforms for weapons systems. Contractors will compete for delivery orders to provide highly specialized technologies that could support the branch’s developmental and operational test requirements under the Test &...
Don Graves, deputy secretary at the Department of Commerce, met with CEOs of nine space situational awareness companies to seek ideas on how industry could help build and implement a Traffic Coordination System for Space, Breaking Defense reported Wednesday. The free space traffic management service is one of the government’s initiatives outsi...
Leidos (NYSE: LDOS) has won a $334 million indefinite-delivery/indefinite-quantity contract to support the development of a larger class air-breathing hypersonic system that will employ a standardized payload interface to carry out multiple missions. A Leidos-led team will aim to design a vehicle powered by a scramjet engine and capable of traveling...
