John Hamre, a former deputy secretary of defense and current president of the Center for Strategic and International Studies, has been elected to succeed the retiring Charles Robb as chairman of Mitre‘s board of trustees. Hamre also previously served as comptroller of the Defense Department, deputy assistant director for nationa...
November 11, 2016 Market Close: The Executive Mosaic GovCon Index saw significant increase in the past week closing today up 11.2 percent or 8.719 to 86.754 over last Friday’s close. On today’s performance the Index closed up for the sixth consecutive day. GovCon Index gainers again outnumbered laggers at a 6-to-1 ratio. Highlights&...
November 7 – November 11, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Red was the dominant color all over the electoral map Tuesday night and green has taken over many corners of Wall Street since with defense and other GovCon stocks in particular the focus of...
GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.1...
GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work. Earnings for the three-month period ended Sept. 30 came in at $0.56 per share to...
Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composit...
Executive Mosaic’s GovCon Index traded higher in conjunction with advances by U.S. stocks Tuesday as citizens cast their votes and investors looked for clues on the election’s final result. GovCon Index advancers outnumbered decliners at a 2-to-1 ratio and seven of its 11 S&P 500 companies moved green with General Dyna...
Executive Mosaic’s GovCon Index recorded its best one-day gain in seven weeks Monday with a 2-percent gain that mirrored across-the-board rallies by U.S. stocks as investors welcomed the FBI‘s weekend letter to reiterate the agency’s stance that Hillary Clinton’s email usage was not a crime. The U.S. ...
Private equity firms Medina Capital and BC Partners have agreed to buy Addison, Texas-based machine learning and analytics firm Brainspace for an undisclosed sum in an effort to establish a global cybersecurity joint venture. BC Partners and Medina Capital expect to complete the transaction in the first quarter of 2017, subject to closing condi...
October 31 – November 4, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In this last full week before a most unusual election, the evolving narrative of a re-shaping government contracting landscape added more chapters as this week™s assortment of stories Go...
