Tag Archives: William Dudley

August 16 Market Close: GovCon Index Down, Lockheed in Steep Red & Leidos Up After Deal’s Closure

Executive Mosaic’s GovCon Index dropped at least one full net point Tuesday for the first time since June 24 on a sharp drop in Lockheed Martin (NYSE: LMT) shares upon the defense contractor’s completion of the spinoff and subsequent merger of its government and technical services business into Leidos Holdings (NYSE: LDOS). Lockheed was the GCI’s …

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May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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November 12 Market Close: GovCon Index, US Stocks Plunge on Earnings & Continued Fed Watch

The GovCon Index mirrored the larger selloff and economic growth concerns in U.S. stock markets Thursday with a decline of 1.988 percent to 75.961. Shares in BAE Systems — the Index’s only gainer — climbed 3.3 percent to $27.51 on U.S. over-the-counter markets after the defense contractor said it would retain its U.S. information technology and government services business after a …

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