Executive Mosaic’s GovCon Index pulled back -0.71% to $4,515.60 after the midweek surge. Markets were soft again, although the Nasdaq Composite (+0.26%) and S&P 500 (-0.01%) snapped their four-day losing streaks with modest gains. The Dow Jones Industrial Average (-0.43%) ended in red territory.
Artificial intelligence king NVIDIA (Nasdaq: NVDA) advanced +3.67% ahead of its Q4 and fiscal 2025 results presentation after the bell. Super Micro Computer Inc. (Nasdaq: SMCI) rose +12.23% after averting a delisting from the tech-heavy Nasdaq. The server maker beat the deadline to submit its delayed financial reports.
Below the flatline
The GovCon Index fell below the flat line once more. From 22 gainers in the previous session, 24 GCI stocks declined Thursday. Fluor Corporation (NYSE: FLR) and Palantir Technologies (Nasdaq: PLTR) topped six advancers, while V2X (NYSE: VVX) and Boeing (NYSE: BA) were the worst performers.
Kratos Defense & Security Solutions (Nasdaq: KTOS) declined -0.60% despite reporting revenue growth in Q4 and full-year 2024. In the 12 months ending Dec. 21, 2024, total revenues increased 9.1% year-over-year to $1.14 billion, while net income attributable to Kratos reached $16.3 million compared to the $8.9 million net loss in 2023.
Eric DeMarco, president and CEO of Kratos, expects the company’s $12.4 opportunity pipeline to accelerate future growth trajectory with increased margins. “We believe Kratos’ alignment with the new administration’s objectives will be recognized in increased bookings, increased expected future growth rates and increased future profitability,” he added.
Contract awards above $200M
The U.S. Navy awarded National Steel and Shipbuilding Company or NASSCO, a division of General Dynamics (NYSE: GD), a $654.7 million cost-plus-fixed-fee/cost-plus-award fee/cost-plus-incentive fee, indefinite-delivery/indefinite-quantity contract for Aircraft Carrier shipyard availabilities.
Also, on Thursday, the Missile Defense Agency awarded Lockheed Martin Space, a division of Lockheed Martin (NYSE: LMT), a $211.74 million modification to a sole source, cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price definite contract under a Foreign Military Sales case to the United Arab Emirates. This modification to provide maintenance and sustainment for two Terminal High Altitude Area Defense Batteries for UAE increased the contract’s total value to $729.5 million.
Market Summary
| Index | Price | Net Change | % Change |
|---|---|---|---|
| GovCon Index Daily Average | 4,515.60 | -32.04 | -0.71% |
| NASDAQ | 19,075.26 | 48.87 | 0.26% |
Top 5 GovCon Index Daily Percentage Performers
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| FLR | 37.71 | 0.90 | 2.44% |
| PLTR | 89.31 | 1.47 | 1.67% |
| CW | 319.17 | 4.76 | 1.51% |
| CG | 49.61 | 0.72 | 1.47% |
| AVAV | 153.65 | 1.96 | 1.29% |
Top 5 GovCon Index Daily Net Performers
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| CW | 319.17 | 4.76 | 1.51% |
| AVAV | 153.65 | 1.96 | 1.29% |
| PLTR | 89.31 | 1.47 | 1.67% |
| FLR | 37.71 | 0.90 | 2.44% |
| CG | 49.61 | 0.72 | 1.47% |
Top 5 GovCon Index Daily Percentage Decliners
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| VVX | 47.24 | -1.43 | -2.94% |
| BA | 173.04 | -5.23 | -2.93% |
| PSN | 59.08 | -1.16 | -1.93% |
| BAESY | 69.07 | -1.35 | -1.92% |
| ICFI | 100.85 | -1.79 | -1.74% |
