Ireland Degges
Executive Mosaic’s GovCon Index stayed in decline last week, decreasing by 1.33% and ending with an average of $4,879.92.
GovCon Index is an aggregate index that collects and presents real-time data on the stock market performance of 30 key government contracting enterprises. With this information, users can determine the current standing of each tracked company while making their own assessments about broad trends shaping the marketplace today.
Many companies made gains last week despite overall losses. Mercury Systems, which grew by 7.47%, led the way. Its closest competitor was Palantir, which recorded an increase of 6.98%. Kratos (+2.96) and Fluor Corporation (+1.74%) took third and fourth place, respectively. CGI followed closely behind, rising by 1.58%.
Last week’s decline was consistent with an ongoing downward trend that began in early June and continued for three weeks before a turn into positive territory later in the month. This shift was quickly reversed, and for two consecutive weeks, GovCon Index has continued to fall.
For a closer look at daily GovCon Index performance, check out last week’s market reports. To access the full list of tracked companies, click here.
