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Home Financial Reports

GovCon Index Sustained Momentum for 3rd Consecutive Week

by Ireland Degges
July 29, 2024
in Financial Reports, News
Business Growth_272x270

Business Growth_272x270

Executive Mosaic’s GovCon Index ended last week with an average of $5,181.95, a 2.53% increase from the previous week. This growth signified GovCon Index’s third consecutive week in positive territory and its highest recorded weekly gain since its launch in December 2023.

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GovCon Index is an aggregate index that records stock market data from 30 major government contracting organizations and displays these findings in real time. Users can leverage this information to strengthen their understanding of the current GovCon marketplace and evaluate the financial performance of each tracked company.

Last week, RTX took the lead with gains of 10.84%. Lockheed Martin (+10.50%) came in second, and Northrop Grumman (+9.67%) was third.

GovCon Index kicked off last week with an increase of 1.12% on Monday. This momentum continued until Friday, when GovCon Index experienced a small dip.

Check out last week’s market reports for more information on daily GovCon Index performance. To view the full list of tracked companies, click here.

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ExecutiveGov, published by Executive Mosaic, is a site dedicated to the news and headlines in the federal government. ExecutiveGov serves as a news source for the hot topics and issues facing federal government departments and agencies such as Gov 2.0, cybersecurity policy, health IT, green IT and national security. We also aim to spotlight various federal government employees and interview key government executives whose impact resonates beyond their agency.

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