Executive Mosaic’s GovCon Index gave back most of its morning gains Friday to close in narrow range on mixed large-cap stock performances and register its sixth straight weekly decline. Friday afternoon trading activity saw the GCI reset itself with the larger U.S. financial market as investors watched for new election-related developments and...
Executive Mosaic’s GovCon Index tumbled Thursday after Huntington Ingalls Industries (NYSE: HII) reported a year-over-year decline in third quarter earnings with GCI-S&P 500 companies also notable laggers as U.S. stocks also fell on investor worries over election uncertainty. GovCon Index advancers edged decliners 16-14 and three...
Executive Mosaic’s GovCon Index closed in narrow range Tuesday despite a majority of the session in positive as declines by aerospace and defense primes offset gains by Harris Corp. (NYSE: HRS) on news of a pending divestiture and Engility Corp. (NYSE: EGL) after quarterly earnings that exceeded Wall Street’s expectations. GovC...
Executive Mosaic’s GovCon Index fell at least 1 percent for a second straight time Friday to post its fifth consecutive weekly loss after pharmaceutical services provider McKesson Corp. (NYSE: MCK) issued a guidance cut due to nationwide drug pricing pressure on wholesalers. GovCon Index gainers outnumbered laggers at a 2-to-1 r...
Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions from the company’...
Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index̵...
The Army Contracting Command has issued a request for proposals on a potential 10-year, $6.09 billion contract vehicle for personnel life cycle support services to the U.S. Army, the Defense Department and other federal agencies. The multiple-award, indefinite-delivery/indefinite-quantity contract will have a one five-year base period of perfor...
CSRA (NYSE: CSRA) has received a potential five-year, $116 million task order from the Justice Department to update and maintain information technology systems at seven DOJ offices and bureaus. DOJ’s Office of Justice Programs aims to help the sites use shared services, consolidate data and conduct electronic government ini...
Theresa Pattara, a former H&R Block (NYSE: HRB) senior director for public policy and advocacy, has joined Iron Mountain (NYSE: IRM) as vice president of North America government affairs with responsibility over the implementation of a company-wide government engagement strategy. Iron Mountain said Tuesday the 20-year public polic...
Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. ThursdayR...
