Home / Tag Archives: commercial

Tag Archives: commercial

Boeing to Acquire Liquid Robotics, Maker of Autonomous Maritime Vehicle ‘Wave Glider’

Boeing (NYSE: BA) has agreed to purchase Sunnyvale, Calif.-based autonomous maritime vehicle manufacturer Liquid Robotics for an undisclosed sum in the airplane maker’s strategy to create new information services functions between the ocean and space. Boeing said Tuesday its acquisition of the company behind the Wave Glider ocean surface robot also aims to continue a partnership …

Read More »

Carlyle Group to Sell All Remaining Booz Allen Shares

Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering. Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. …

Read More »

November 22 Market Close: GovCon Index, S&P 500 Notch Record Closes to Extend Post-Election Rally

Executive Mosaic’s GovCon Index set a new closing record Tuesday with a 1-percent gain paced by defense prime and government services stocks as the U.S. bellwether S&P 500 also ended at an all-time high in spite of healthcare stock declines. GovCon Index advancers outnumbered decliners at a 4-to-1 ratio and nine of its 11 …

Read More »

Orbital ATK Backs Govt Satellite Orders to Help Offset Weak Commercial Market Demand

Orbital ATK (NYSE: OA) said Tuesday the aerospace and defense contractor sees satellite orders from military and other government agencies as a counterbalance to continued soft demand from commercial customers. CEO David Thompson told investors the Dulles, Virginia-based company forecasts orders from the defense community, NASA and other science agencies to represent 75-80 …

Read More »

Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

Read More »

Doug Wolfe Overviews CIA’s Commercial Cloud Push, Innovation Agenda to Potomac Officers Club

The CIA‘s move to adopt commercial cloud computing technologies aims to get those tools directly into the hands of mission personnel and customers and have new products tailored to their goals, the agency’s chief information officer told the Potomac Officers Club Thursday. Doug Wolfe, the CIA’s CIO and a 30-year agency veteran, …

Read More »

CSC Board Approves Plan for Separate Commercial-, US Public Sector-Focused Companies

The board of directors at Computer Sciences Corp. (NYSE: CSC) has approved a plan to divide the Falls Church, Va.-based technology and services contractor into two separate publicly-traded companies: one solely focused on the U.S. public sector, with another for commercial enterprises and non-U.S. government agencies. CSC said Tuesday it expects to complete the …

Read More »

ICF Revenue Up 11% in 1Q; Sudhakar Kesavan Comments

ICF International (NASDAQ: ICFI) has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2015. The Fairfax, Va.-based consulting and technology services contractor said total revenue increased 11.61 percent year-over-year to $245.05 million. Chairman and CEO Sudhakar Kesavan attributed ICF’s first quarter performance in …

Read More »

QTS to Purchase Cloud Contractor Carpathia for $326M; Peter Weber Comments

Overland Park, Kan.-based data center operator QTS Realty Trust (NYSE: QTS) has agreed to acquire Dulles, Va.-headquartered cloud computing provider Carpathia Hosting for $326 million in an effort to grow both companies’ colocation and managed services market footprints. QTS said Thursday it expects to close the deal sometime in the middle of 2015 and the …

Read More »

DigitalGlobe 1Q Gov’t Revenue Up 17%, Overall Sales Jump 8%

DigitalGlobe (NYSE: DGI) has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2015. The geospatial services contractor said revenue for its U.S. government business increased 17.6 percent from the prior year period to $114.8 million and overall sales for DigitalGlobe rose 8.2 percent year-over-year …

Read More »