Tag Archives: Vectrus

May 18 Market Close: GovCon Index Nudges Gain on Booz Allen, McKesson Boosts

The GovCon Index hovered in neutral territory during the final two hours of trade Wednesday and closed at a gain of 0.220 points to 77.591 despite its descent from a strong early afternoon session. The GCI hit volatility in conjunction with the S&P 500 composite index shortly after 2 p.m. upon the release of the Federal …

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May 13 Market Close: GovCon Index Sinks 1%, Large Primes Fall on Lockheed Downgrade

The GovCon Index held lower throughout Friday trade in a reflection of dim sentiment in U.S. markets and closed down 1.052 percent to 77.038 with many of the GCI’s largest prime contractors as the biggest decliners after a nearly four-day stretch as the drivers of gains. Friday’s close puts the Index at a …

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Weekly Roundup May 9 – May 13 2016: Frank Kendall Halts M&A Authority Push & more

May 9 – May 13 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The Pentagon’s top product and services buyer made it official this week that the would no longer advocate for greater authority to regulate GovCon merger-and-acquisition activities that involve the large primes. Frank …

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Vectrus Gets $174M Contract Modification for Enterprise Network Support to CENTCOM

The U.S. Army has awarded Vectrus (NYSE: VEC) a potential two-year, $173.8 million contract modification to support the U.S. Central Command’s enterprise network infrastructure. Vectrus’ systems business will perform work at various CENTCOM locations in Afghanistan, Bahrain, Iraq, Jordan, Kuwait, Qatar and the United Arab Emirates, the Defense Department said Thursday. DoD expects the company to finish …

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May 11 Market Close: GovCon Index Hits Reverse With 1% Decline, US Stocks Run Red on Dim Earnings

The GovCon Index fell 0.982 percent — or 0.769 points — to 77.553 as the 30-company list of government contractor stocks was dragged down by the sell-off in U.S. financial markets Friday on disappointing earnings reports from blue chip stocks. All 11 GCI companies co-listed in the S&P 500 composite index closed in …

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Vectrus Boosts Full-Year Guidance on 1Q Earnings, Revenue Beats

Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted the lower ends of its full-year earnings and revenue outlooks in part on a large contract extension given in March. The Colorado Springs-based communications services contractor now expects earnings of at least $2.02 per share compared to …

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May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade

The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions. Lockheed Martin (NYSE: LMT),  Northrop Grumman (NYSE: NOC) and Huntington Ingalls …

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May 9 Market Close: GovCon Index Turns Around Late AM & Noon Dip, Health Shares Lead Rally

The GovCon Index hit negative twice during the late morning and noon hours of trade Monday but closed up 0.153 points to 77.359 on gains by healthcare stocks to help offset declines from energy and utility shares on lower oil prices. McKesson Corp. (NYSE: MCK) ended Monday as the GovCon Index’s largest net …

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May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309, 200 shares …

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Vectrus Unit to Provide C3I Support at USAFE Sites in 4 Countries

TYSONS CORNER, VA, April 22, 2016 — A subsidiary of Vectrus (NYSE: VEC) will provide command, control, communications and intelligence support to the U.S. Air Forces in Europe under a potential $12 million contract, ExecutiveBiz reported Thursday. The company said Wednesday the Enterprise Legacy Voice and Information System award covers C3I support from Vectrus Systems at …

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