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Weekly Roundup April 18 – April 22 2016: First Quarter Earnings Season Arrives & more


April 18 – April 22 2016

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A Note From Our President & Founder Jim Garrettson

Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors.

We got a mixed glimpse of what is in store this week for GovCon Index stocks with first quarter statements from ground and air vehicle maker Textron, avionics technology contractorRockwell Collins and the global industrial conglomerate Honeywell.

Executive Mosaic’s GovCon Index of 30 publicly-traded government contractor stocks has held steadily over the key 75-point barrier for six straight days to punctuate its gradual recovery from a three-month low of 66 points on Feb. 11.

Low oil prices, worries over China™s economy, currency weakness and concerns over the world™s security environment continue to be the main drivers of activity in U.S. financial markets.

GovCon stocks and especially those with significant global footprints are no exception to the rule but can be insulated from some global headwinds as defense spending is always a constant, as Credit Suisse analyst Robert Spingarn has highlighted.

As noted here in the last edition, all of the U.S.™ œBig Five government contractors (Boeing, General Dynamics, Lockheed Martin, Northrop Grumman & Raytheon) will report second quarter earnings next week and will certainly give the GovCon Index a spike in activity.

Other GCI companies scheduled for earnings calls next week include CACI International, CGI Group, L-3 Communications, Leidos and ManTech International.

THE WEEK’S OTHER TOP GOVCON STORIES
BAE’s US Arm Adds Retired Navy Chief Jonathan Greenert to Board
Greenert served as the Navy™s lead uniformed official between 2011 and 2015 after two years as deputy chief.
HPE Selected for $443M Follow-on Stratcom IT Support Program
U.S. Strategic Command awarded the 10-year contract for system engineering and integration work on its IT infrastructure and applications.
Katrina McFarland: Army Seeks More R&D Dialogue With Industry
The Army™s lead acquisition executive describes the service branch™s IT priorities and initiatives on the horizon to the Potomac Officers Club.
EPA Exec, 18F Co-Founder Greg Godbout to Join cBrain International Team
Godbout helped start the 18F organization at GSA in 2014 for efforts to expand digital services across agencies.
Orlando Figueredo on HPE’s Entry to GovCon Market & Tech Trends in US Public Sector, Intell Agencies
Figueredo also offers his perspective on the intelligence community’s flagship ICITE enterprise IT program in this Q&A with ExecutiveBiz.
Govini’s Eric Gillespie: Federal Spending Poised for Rebound, Vendor Services Demand Remains Steady
Half of the 24 agencies studied by Govini showed an increase in contract obligations for FY 2015 despite an overall spending decline.
Frank Kendall: Future of Military Innovation Depends on DoD Budget
The military™s lead weapons buyer told Senate lawmakers the Pentagon wants a $3 billion boost to R&D for FY 2017.
Terry Halvorsen: DoD™s Network Update Efforts to Focus on JRSS Deployment
The military™s CIO said the Pentagon wants to eventually have less than 50 access points in order to have more security.
Phyllis Schneck: ‘Einstein’ Program Helps DHS Gain Cyber Situational Awareness
DHS™ lead cyber official describes her agency™s efforts to build up Einstein™s intrusion detection and prevention functions.
Senate Panel-Approved FY 2017 Spending Bill Gives $19B to NASA
Lawmakers gave the agency a $180 million boost to the Space Launch System and Orion programs from the prior year period.

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