Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losse...
Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price sta...
Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumm...
Executive Mosaic’s GovCon Index recorded a decline of 0.090 points to 82.025 Friday and closed the week with a gain as four of GCI’s 11 S&P 500-listed stocks ended in green during the period’s last trading session. CACI International (NYSE: CACI) led the net gainers along with other midtier primes, while Orbital ATK ...
The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a $102.1 million contract modification to provide integrated planning yard services for CG 47-class cruisers and DD 963-class destroyers. The Defense Department said Monday the modification exercises an option on a previously awarded contract and covers engi...
The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) an 18-month, $194.8 million contract modification to continue advance planning for the refueling and complex overhaul of the USS George Washington nuclear-powered aircraft carrier. The modification extends the company’s services through August 2017 and seeks to address e...
Executive Mosaic’s GovCon Index closed Friday with a 1.579-percent gain to 80.813 and ended the week up 1.342 percent. Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Huntington Ingalls Industries (NYSE: HII), Honeywell International (NYSE: HON) and Vectrus (NYSE: VEC) reached 52-week highs in Friday intraday trade. Friday...
Executive Mosaic’s GovCon Index closed Friday with a gain of 0.178 points to 79.718 and recorded a weekly climb of 3.216 percent as it continues to recover from the previous week’s losses following the “Brexit” referendum vote in the U.K. Friday was also the second consecutive session in whi...
Huntington Ingalls Industries (NYSE: HII) has received a potential $3.1 billion from the U.S. Navy to proceed on the planning, engineering and procurement of long lead time materials for an amphibious assault ship. The Defense Department said Thursday HII will conduct work in Mississippi, Wisconsin, California...
Executive Mosaic’s GovCon Index added at least one full percentage point for the second session in three Thursday to complete a reversal of its losses stemmed from the two-day selloff in global financial markets after Britain’s Thursday vote to leave the European Union. The GovCon Index closed up 2.066 percent to 79.5...
