Tag Archives: Vectrus

April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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April 8 Market Close: GovCon Index Hits Late PM Volatility, Ends at Nominal Weekly Decline

The GovCon Index gradually tumbled from a strong open Friday and fell sharply in late afternoon trade to end at a nominal gain of 0.197 points to 74.227, which puts the GCI at a weekly loss for the second time in three weeks. The GCI posted a nominal 0.103-point loss from …

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April 6 Market Close: GovCon Index Posts 1% Rally After Fed Minutes Show Leaders’ Rate Hike Hesitance

The GovCon Index erased two days of losses with a gain of 1.183 percent to a one-month high close of 74.769 Wednesday as U.S. markets reacted to the Federal Reserve‘s April meeting minutes that showed some hesitance by policymakers over whether to raise interest rates in April. Healthcare stocks in the S&P 500 …

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March 31 Market Close: GovCon Index Narrowly Down to Notch 1Q Loss as Earnings Season Awaits

The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results. From Dec. 31, the Index has fallen 2.242 percent on volatility in GCI stocks for …

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March 29 Market Close: GovCon Index Jumps on SAIC Earnings, Vectrus Contract Award

The GovCon Index received a jolt Tuesday from Science Applications International Corp.‘s (NYSE: SAIC) latest earnings report and other general market conditions to close at a gain of 1.612 percent to 74.129. McLean, Virginia-based GovCon services contractor SAIC led Index gainers at 11.45 percent after the company said it exceeded Wall Street’s expectations …

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Vectrus to Provide Security Support in Kuwait Under $329M Army Contract Modification

A Vectrus (NYSE: VEC) subsidiary has secured a potential $329 million contract modification to provide security and base operations support services to the U.S. Army. Vectrus Systems will perform work in Kuwait through Dec. 28, 2016, the Defense Department said Monday. The Army Contracting Command will obligate the full contract amount …

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March 28 Morning Report: CAE Joins GovCon Index; Thursday Trading Ends With Decline

Executive Mosaic will replace Health Net with aerospace and defense firm CAE (NYSE: CAE) in the GovCon Index effective Monday following the health insurer’s acquisition by Centene (NYSE: CNC). CAE closed Thursday at $11.32 per share and a market capitalization of $3.1 billion. GCI closed Thursday with a 0.412-point drop to 74.640, ending the …

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March 24 Market Close: GovCon Index Lags to Snap 5-Week Gain Streak, CAE to Join GCI Monday

The GovCon Index lagged for a third consecutive trading session Thursday to end at a decline of 0.412 points to 74.640 on the week’s final day of trade as U.S. financial markets are closed on Good Friday. Thursday’s close puts the Index at a decline of 1.207 percent on a weekly basis to end the GCI’s streak …

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March 21 Morning Report: GovCon Index Closes With Gain for 3rd Straight Day

The GovCon Index closed Friday with a gain of 1.417 percent to 75.314. With Friday’s performance, the Index is on its third consecutive day in positive territory. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Change I Intelsat 2.60 0.12 +4.84% MCK McKesson Corp.* 158.31 6.62 +4.36% VEC Vectrus Inc. …

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March 18 Market Close: GovCon Index Ends Week With a Three Day Positive Streak

The GovCon Index continued it positive trend for the third consecutive day closing up 1.417% to 75.314. According to Bloomberg, the Dow and S&P 500 closed Friday in positive territory for 2016. Strong performance from emerging market stocks, and oil prices helped prop up stock prices. Top GovCon Index Gainers Symbol …

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