Executive Mosaic’s GovCon Index posted a second straight weekly loss despite recovering from Thursday’s steep 2.26% decline. The index, which tracks the stock performances of 30 major contractors, closed slightly higher at $5,375.43 (+0.37%) on Friday but lost 2.12% overall for the week. Its year-to-date gain is +15.14% from +20.34% two ...
The GovCon market is facing some degree of uncertainty as the presidential election approaches and a continuing resolution puts a pause on funding growth. But one thing GovCon leaders know for certain is that the defense and government markets are rife with opportunities and poised for significant growth. At the Raymond James 2024 Defense and...
A Raymond James (NYSE: RJF) report has found that the volume of merger and acquisition-related transactions in the government technology solutions market dropped 12 percent in the third quarter of 2024 compared with the same period last year. According to the company’s quarterly market update, despite the decline in Q3 2024 M&A deal volume...
The U.S. Air Force has announced eight Pool 1 awardees and five Pool 2 vendors on the potential $33.2 billion Information Analysis Center multiple-award contract to provide mission-critical research and development support services across the Department of Defense. DOD said Monday the 774th Enterprise Sourcing Squadron at Offutt Air Force Base in Ne...
The Intelligence Community is in the midst of a significant push to foster a collaborative spirit across its many components. Breaking down barriers between IC agencies and with other federal organizations is a top priority for the community, and many of its guiding strategies highlight partnerships as a means to achieve modernization goals. Along w...
A report by financial services company Raymond James (NYSE: RJF) shows that 122 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 63 percent increase from the prior-year period and an 11 percent rise from the previous quarter. The August report was issued by Raymond James’ defense ...
Executive Mosaic’s GovCon Index extended its winning streak to four weeks despite significant drops to start August. On Friday, the index declined 0.89% to $5,218.19 but still gained 0.70% for the week following Wednesday’s hefty 1.35% gain. Moreover, GCI outperformed Wall Street’s top three indexes for the week. The blue-chip Do...
On August 15, Navy Comptroller Russell Rumbaugh will join other U.S. Navy leaders, government decision makers and naval experts as they discuss the service branch’s top priorities, challenges and opportunities. Join the 2024 Navy Summit, hosted by the Potomac Officers Club, to meet, learn from and network with Rumbaugh in person. Read on to lea...
Executive Mosaic’s GovCon Index recovered from its weak start in July. The index, which tracks the stock performances of 30 major government contractors, had substantial gains in three of five trading sessions, ending 0.58% higher to $4,982.68. Also, the 2.11% week-on-week advance was GCI’s second-strongest weekly gain in 2024. Wall Street had a...
A report by financial services company Raymond James (NYSE: RJF) indicates that 79 mergers and acquisitions occurred in the defense and government market during the second quarter of 2024, a 6.7 percent increase from the prior-year period. The June report was issued by Raymond James’ defense and government investment banking team, where 2024 W...
