Executive Mosaic’s GovCon Index ended its four-day losing run, rising +0.72% to $4,609.16 to start a shortened trading week. The broad S&P 500 (+0.24%) posted a new record close despite a modest gain, while the Dow Jones Industrial Average (+0.02%) and Nasdaq Composite (+0.07%) ended slightly above the flatline.
The tech-heavy Nasdaq had 1,567 advancers or 50%, although Facebook parent Meta (Nasdaq: META) fell -2.76% to snap its 20-day winning streak. Super Micro Computer (Nasdaq: SMCI) popped +16.47% after its guidance showed robust revenue growth in fiscal 2026. Pharmacy operator Walgreens (Nasdaq: WBA) jumped +14.02% because of a potential buyout by private equity firm Sycamore Partners.
GCI reverses course
The GovCon Index reversed course after four daily losses in back-to-back weeks. Two-thirds or 20 constituents finished in positive territory. BAE Systems, last week’s top performer, advanced +9.26%, with strong support from HII (NYSE: HII) and Palantir Technologies (Nasdaq: PLTR). Only V2X (NYSE: VVX) was unchanged.
Fluor Corporation (NYSE: FLR) dropped -8.41% to below $40 for its fifth straight daily loss. Also, the stock tanked despite the 11% year-over-year revenue growth in Q4 2024 to $4.26 billion. The figure missed consensus analyst estimates of $4.48 billion. Still, the net earnings of the engineering, construction and operations company reached $1.86 billion compared to the $21 million net loss in Q4 2023. The backlog at year-end was $28.5 billion. For the full-year, the bottom line soared +1,443% to $2.14 billion from a year ago.
New contract awards
On Monday, British defense, aerospace, and security company BAE Systems announced securing a five-year, $251 million contract to provide systems engineering and technical support for the U.S. Navy’s AEGIS Combat System. The contract supports the AEGIS Technical Representative or AEGIS TECHREP organization with large-scale systems engineering, test and evaluation, logistics, system acquisitions. It includes cybersecurity for the U.S. Navy, the Missile Defense Agency, and the Foreign Military Sales program.
The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $99.5 million cost-plus-fixed-fee, cost-reimbursable, indefinite-delivery/indefinite-quantity contract. This contract provides design and development studies, technology demonstrations and engineering services for rapid technology development related to the continuing modifications of various missile weapon systems.
Market Summary
| Index | Price | Net Change | % Change |
|---|---|---|---|
| GovCon Index Daily Average | 4,609.16 | 33.14 | 0.72% |
| Dow Jones Industrial Average | 44,556.34 | 10.26 | 0.02% |
| NASDAQ | 20,041.26 | 14.49 | 0.07% |
Top 5 GovCon Index Daily Percentage Performers
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| BAESY | 67.63 | 5.73 | 9.26% |
| HII | 169.71 | 8.44 | 5.23% |
| PLTR | 124.62 | 5.46 | 4.58% |
| CG | 53.45 | 1.68 | 3.25% |
| HON | 208.04 | 5.29 | 2.61% |
Top 5 GovCon Index Daily Net Performers
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| HII | 169.71 | 8.44 | 5.23% |
| BAESY | 67.63 | 5.73 | 9.26% |
| PLTR | 124.62 | 5.46 | 4.58% |
| LMT | 428.54 | 5.35 | 1.26% |
| HON | 208.04 | 5.29 | 2.61% |
Top 5 GovCon Index Daily Percentage Decliners
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| FLR | 39.75 | -3.65 | -8.41% |
| ICFI | 104.08 | -3.69 | -3.42% |
| AVAV | 155.3 | -1.69 | -1.08% |
| LHX | 195.7 | -1.91 | -0.97% |
| LDOS | 131.27 | -0.99 | -0.75% |
