Executive Mosaic’s GovCon Index closed with an average of $4,896.02 last week, a 1.37% drop from the previous week.
GovCon Index is an aggregate index that tracks real-time stock market data from 30 major government contracting companies. With this information, users can assess the performance of each individual business and draw their own conclusions about the overall financial state of the GovCon industry.
Multiple organizations demonstrated growth last week despite GovCon Index’s slip. General Dynamics and Tetra Tech both rose by 4.30%. RTX also grew significantly, increasing by 4.09%. The fourth and fifth slots were taken by KBR (+1.96%) and Parsons (+1.58), respectively.
Monday set the stage for GovCon Index’s decline last week with a 0.66% fall. The most significant losses occurred on Tuesday, when GovCon Index fell by 0.88%. Wednesday continued the downward trend, but Thursday brought about new growth which continued through Friday.
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.