Executive Mosaic’s GovCon Index advanced Friday to complete its sixth consecutive weekly gain in an extended post-election climb that has seen the GCI hit a series of record high closes. The GCI has risen 14.75 percent over six weeks with the U.S. stock bellwether S&P 500 composite index up 6.26 percent in that time as investors...
December 5 – December 9, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson GovCon industry leaders and observers welcomed Vectrus to the government services landscape in the autumn of 2014 and this week marks the beginning of a new era for the Colorado Springs-based company. As...
Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 p...
Executive Mosaic’s GovCon Index posted a fifth straight gain to a new all-time record close Wednesday on strong performances by Honeywell International (NYSE: HON) and L-3 Communications (NYSE: LLL) as U.S. stocks also advanced with the S&P 500 at a record close. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and seven o...
Brooke Patterson, formerly vice president and deputy general manager of FEI Systems, has been appointed senior VP for government services at Norfolk, Virginia-based healthcare management and information technology consulting firm ARDX. ARDX said Tuesday that Patterson will oversee the company’s efforts to expand and implement he...
The State Department has approved Finland™s request to buy F/A-18 aircraft equipment and related services from the U.S. government under a potential $156 million foreign military sales agreement. Finland asked to procure 90 Multifunctional Information Distribution System Joint Tactical Radio Systems, test and training equipment, spare...
Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s stro...
Executive Mosaic’s GovCon Index closed Friday up 0.442 percent to 89.812 and ended the week with its fourth straight five-day advance on reports of nonfarm public and private sector payrolls in November above analyst expectations and a likely interest rate increase Dec. 14. GCI gainers outnumbered decliners Friday by a 2-to...
Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday on financial stock de...
Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countrie...
