Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) ...
Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major...
Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, s...
Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from thei...
NASA has awarded Intuitive Machines, Lunar Outpost and Venturi Astrolab positions on a potential $4.6 billion contract to develop a lunar terrain vehicle for the space agency’s Artemis moon exploration program. The agency said Wednesday it plans to procure the LTV as a service from industry through the Lunar Terrain Vehicle Services program, a mil...
Boeing (NYSE: BA) has received a potential $657.1 million contract modification from the U.S. Navy to support the production and delivery of two more MQ-25 Stingray System Demonstration Test Article aircraft. The modification includes related tooling and communication systems changes to the aerial refueling drone and seeks to definitize obsolescence...
Dave Calhoun, president and CEO of Boeing (NYSE: BA), will step down from his roles at the end of 2024 as part of a series of leadership changes at the Arlington, Virginia-based aerospace and defense contractor. He will continue to manage the company throughout the year to finalize the ongoing critical work, Boeing said Monday....
Boeing (NYSE: BA) has secured a $1.3 billion contract to build and deliver 17 F/A-18 multi-role strike fighter jets and a technical data package for fleet sustainment to the U.S. Navy. The service branch expects the delivery of the new Super Hornets to commence in winter 2026 and reach completion in spring 2027, Naval Air...
Executive Mosaic’s GovCon Index recorded its first weekly loss in eight weeks after sliding 0.19% to $4,880.45. Decliners also outnumbered gainers on Friday. The index, which tracks the stock performances of 30 major government contractors, lost 1.17% overall week-on-week. Wall Street was swamped with economic reports, mostly inflation-related re...
Boeing (NYSE: BA) has secured a five-year, $680.1 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to provide software and hardware enhancement services for the F/A-18E/F Super Hornet and EA-18G Growler aircraft of the service branch and the Royal Australian Air Force. Under the contract, the Department of Defense said Th...
