Huntsville tech company leads gainers

Huntsville tech company leads gainers

Modest gains prevailed Monday on our Huntsville and Alabama Stock Report.

Science Applications International Corporation led the gainers with a 1.7% boost.

According to its website, “SAIC is a premier Fortune 500 technology integrator driving our nation’s digital transformation.” Its “robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, IT modernization and mission solutions.” It has five locations in Huntsville.

Hexcel was up 1.3%. The Connecticut-based company is a leading supplier of carbon fiber, honeycomb and other composite materials for the commercial aerospace industry. Its Decatur plant, established in 1989, produces polyacrylonitrile, or PAN, a precursor of carbon fiber.

Other gainers included Constellium (1%) and Johnson Controls (1%).

Overall, Wall Street pushed higher Monday ahead of a week full of updates about where profits for big U.S. companies are heading.