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Tag Archives: GovCon Index

January 28 Market Close: GovCon Index Holds Below 70, Posts Nominal Gain

The GovCon Index showed a nominal gain of 0.076 points to 69.839 Thursday as investors with interest in the defense and government contracting industries digested a new round of earnings statements from more of the sector’s largest companies. Thursday’s close represents the Index’s second straight day that ended below 70 …

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Northrop Posts 3% Profit Decline for 2015 on Lower Sales, Stock Buybacks Lift Year’s Earnings Past Street’s Outlook

Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 …

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Raytheon Forecasts Higher Sales, Earnings in 2016 as 2015 & 4Q Profit Beat Street Estimate

Raytheon (NYSE: RTN) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $7.12 per share for its full 2015 fiscal year and $1.93 for the fourth quarter to exceed Wall Street’s expectations on both counts. The Waltham, Mass.-based defense technology contractor also posted …

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L-3 Reports Net Loss for 4Q, FY 2015 on Services Segment Writedown & Sale

L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed …

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January 27 Market Close: Boeing, Booz Allen, Textron Declines Drag GovCon Index Below 70 to 3-Month Low

The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow …

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General Dynamics Posts 22% Profit Bump for 2015 as 4Q, Full-Year Earnings Exceed Street’s Outlook

General Dynamics (NYSE: GD) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported an increase of around 22 percent in both earnings per share and profit for its 2015 fiscal year compared to 2014 results. The Falls Church, Va.-based defense contractor stated $9.08 earnings per …

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Booz Allen 3Q Earnings Inch Past Street Forecast; Firm Narrows FY 2016 Guidance

Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of 41 cents per share for the third quarter of its 2016 fiscal year to top the consensus analyst forecast by 1 cent. The McLean, Va.-based consulting services contractor narrowed …

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Lockheed Shows Profit Hike for 4Q, FY 2015 to Top Wall Street Estimates

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents …

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January 25 Market Close: GovCon Index Falls Back Into Correction Ahead of Earnings Week for ‘Big Five’ Contractors and Others

The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a batch of …

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January 25 Morning Report: GovCon Index, Other US Markets Post Significant Gains

The GovCon Index closed Friday with a gain of 1.35% to 71.466. The Dow Jones, Nasdaq and S&P 500 indices also posted significant gains at 1.33%, 2.66% and 2.03%,  respectively. West Texas Intermediate crude oil also went up over 9% to close at $32.20. Top GovCon Index Gainers Symbol Company $ Current Price …

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