Branson Brooks
Executive Mosaic’s GovCon Index increased by 4.9% last week, ending with an average of $5,640.35, its highest close of the year and best weekly performance.
GovCon Index tracks real-time stock market data on 30 major government contracting organizations. Site visitors can use this information to examine each company’s performance and contextualize the overall state of today’s GovCon landscape.
Leading GovCon Index Performers
Last week’s leading gainer was Palantir Technologies, which grew by 39.29%, while Mercury Systems came in second place with a 28.69% gain. Kratos Defense & Security Solutions increased 13.55% during the week after its 9.03% gain Friday. In mid-week, V2X and Carlyle Group rose over 9%.
Palantir Technologies exceeded analysts’ earnings estimates in Q3 2024 and expanded its full-year financial guidance. In the three months until Sept. 30, the analytics software provider’s revenue and net income grew 30% and 50.2% year-over-year to $725.5 million and $143.5 million.
During an earnings call on Monday, Alex Karp, co-founder and CEO of Palantir, said, “The growth of our business is accelerating, and our financial performance is exceeding expectations as we meet an unwavering demand for the most advanced artificial intelligence technologies from our U.S. government and commercial customers.”
The index recorded gains in four of five trading sessions, increased more than 1% in three days and had its best showing on Wednesday, rising 1.99%. Visit GovConIndex.com to view the complete list of tracked companies.
