Tag Archives: Vectrus

December 9 Market Close: GovCon Index Rises, Posts 6th Straight Weekly Gain

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 …

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Former IBM Govt Lead Chuck Prow Appointed CEO at Vectrus

Chuck Prow, a former head of IBM‘s (NYSE: IBM) global government business and a 12-year Big Blue veteran, has joined Colorado Springs-based government services contractor Vectrus (NYSE: VEC) as CEO and board of directors member in a transition that took effect Tuesday. Vectrus announced the transition in a Tuesday release and said Ken …

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December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

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 strong performance restarts a post-election …

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November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

Executive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains. GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the …

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Vectrus Unit Secures Maxwell AFB Operations Support Contract Modification

TYSONS CORNER, VA, Nov. 23, 2016 — A Vectrus (NYSE: VEC) subsidiary has secured a $20 million contract modification from the U.S. Air Force‘s 42nd Contracting Squadron to provide operations management support at Maxwell Air Force Base in Alabama, ExecutiveBiz reported Tuesday. The modification tasks Vectrus Systems to deliver daily operations and maintenance services at …

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November 22 Market Close: GovCon Index, S&P 500 Notch Record Closes to Extend Post-Election Rally

Executive Mosaic’s GovCon Index set a new closing record Tuesday with a 1-percent gain paced by defense prime and government services stocks as the U.S. bellwether S&P 500 also ended at an all-time high in spite of healthcare stock declines. GovCon Index advancers outnumbered decliners at a 4-to-1 ratio and nine of its 11 …

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November 15 Market Close: GovCon Index Post-Election Gain Streak Ends With 1% Decline, US Stocks Advance

Executive Mosaic’s GovCon Index ended its four-day post-election gain streak with a 1-percent decline Tuesday as investors sold defense shares that had surged since Donald Trump’s U.S. presidential election victory Nov. 8. In contrast, U.S. stocks were lifted Tuesday on bounces in technology and energy shares as the latter sector rose in conjunction with …

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November 11 Market Close: GovCon Index Adds 11.2 % on the Week to Close at a Record High

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 …

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Weekly Roundup November 7 – November 11, 2016: Election Results Significantly Impact Markets

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 …

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November 9 Market Close: GovCon Index Ends at Record High With 5% Surge, Investors Bet on Defense Spending Uptick

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 composite index …

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