A Note From Our President & Founder Jim Garrettson
The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.â largest government contractors and get an idea of what the domestic and global GovCon markets will look like this year and beyond.
For this new round of earnings reports, the Middle East appeared to be a major driver of top-line results for two GovCon product makers and another pair of services-oriented companies started the year with earnings and revenue that met or âBeat The Street.â
Orbital ATK and Harris Corp. both said their respective first and second fiscal quarters saw lower volumes in the Middle East, a trend that comes in conjunction with low oil prices.
For GovConâs services side, both Engility and ICF International posted first quarter earnings and revenue figures above analyst expectations in a possible hint to investors that this arena of government contracting still has some returns to offer.
As of this publication’s send, our GovCon Index of 30 large contractor stocks is on pace for a 0.7-point gain thanks to Huntington Ingalls Industries, which has surged 6.5 percent since Thursday morning’s open after the Newport News-based shipbuilder soared past Wall Street’s first quarter expectations.
Our senior editor Ross Wilkers and WMAL radioâs âNational Defense Weekâ anchor Francis Rose recorded a discussion set to air this Sunday morning on defense contractorsâ financial performance and the differing pictures product makers and service providers have given investors.
Wilkers and Rose also overviewed why some analysts singled out Northrop Grumman as a prime stock to watch this year and next, plus the defense industry’s current M&A picture.
Tune your radio dial to WMAL 630 AM and 105.9 FM in Washington or stream the station online from 11 a.m. Eastern time Sunday to hear the full program and hear the full discussion between Wilkers and Rose.
Also check out the âNational Defense Weekâ website here for the full show archive and segments from previous programs, plus subscribe to the podcast on iTunes or Stitcher Radio.
Carahsoft Technology has secured a spot on a potential five-year, $261.2 million blanket purchase agreement under the General Services Administration’s Multiple Award Schedule contract to provide risk management software from Forescout to the Department of Defense and U.S. Coast Guard. The DOD Enterprise Software Initiative BPA covers the provision of Forescout network access control products
Entering the complex world of government contracting can be difficult for new providers. Small businesses face a unique set of challenges when competing against long established, multi-billion dollar enterprises, but the U.S. government has recognized the capabilities these companies have to offer, and agencies are ramping up their efforts to connect with these entities. A
The General Services Administration has awarded eight companies positions on a potential 10-year, $194.5 million contract for the procurement of next-generation identity proofing capabilities for Login.gov to provide the public access to digital services offered by federal, state, local and tribal agencies. GSA’s Federal Acquisition Service launched a full and open competition and received 17