Northrop Profit Jumps 6% for 4Q, Full 2014 Fiscal Year

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Northrop Grumman (NYSE: NOC) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014. The Falls Church, Va.-based aerospace and defense contractor reported a 6-percent increase in profit for the quarter to $506 million from the prior year period. Profit also grew 6 percent for the full year to $2.7 billion over 2013 figures and the company also said it...

Ken Asbury: CACI Sets Bookings, Backlog Records in 2Q

Ken Asbury
Ken Asbury CACI International (NYSE: CACI) has announced financial results for the second quarter of its 2015 fiscal year ended Dec. 31, 2014. The Arlington, Va.-based government services contractor said its contract awards increased 162 percent to $1.88 billion from the prior year period and its total backlog as of Dec. 31, 2014 grew 29 percent to $9.8 billion, with $1.9 billion of that funded. “We...

Raytheon 4Q Revenue Up 5%, Profit Jumps 10%

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Raytheon (NYSE: RTN) has announced financial results for the fourth quarter and full 2014 fiscal year ended Dec. 31, 2014. The Waltham, Mass.-based defense technology maker posted a 4.7-percent increase in revenue to $6.14 billion from the prior year period and a 9.9-percent growth in revenue to $586 million from third quarter 2013 figures. Raytheon recorded $24 billion in backlog for fiscal 2014...

ATK Reports 3Q Aerospace, Defense Revenue Spikes Ahead of Orbital Merger

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ATK (NYSE: ATK) has announced financial results for the third quarter of its 2015 fiscal year ended Dec. 28, 2014. This is the company’s final earnings release under the name “ATK” as its aerospace and defense groups are scheduled to complete their merger with Orbital Sciences (NYSE: ORB) and create the future “Orbital ATK.” ATK also released third quarter financial...

January 28 Market Close: GovCon Index Retreats, Fed Holds to ‘Patient’ Interest Rate Line

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The GovCon Index extended its current stretch of declines to a third straight day with a loss of 0.306 points — or 0.432 percent — to close at 71.223 on Wednesday. Boeing (NYSE: BA) recorded the largest gain of any index member — a nearly 5-percent increase — after the company said revenue for its 2014 fiscal year set an all-time high. Investors weighed the Federal Reserve‘s...

Boeing FY 2014 Revenue Up 5%, Full-Year Profit Jumps 19%

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Boeing (NYSE: BA) has announced financial results for both the fourth quarter and 2014 fiscal year ended Dec. 31, 2014. The Chicago-based aerospace and defense company reported a 3-percent increase in revenue for the quarter to $24.47 billion over the prior year period and a 5-percent bump for the full year to $90.76 billion over fiscal 2013 figures. Both the total revenue for the quarter and the...

General Dynamics Reports 4% Revenue Hike in 4Q; FY 2014 Profit Up 7.5%

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General Dynamics (NYSE: GD) has announced financial results for both the fourth quarter and full 2014 fiscal year. Revenue for the fourth quarter rose 3.9 percent from the prior year period to $8.36 billion and full fiscal 2014 revenue stayed relatively flat over 2013 figures. Fourth-quarter profit increased 41.6 percent to $700 million from the prior year period and full-year profit for the company’s...

January 27 Market Close: GovCon Index Sinks 1%, Durable Goods Orders Fall in December

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The GovCon Index reflected a sell-off in U.S. stock markets to record a decline of 1.301 percent — or 0.918 points — to close at 75.529. Orbital Sciences (NYSE: ORB) — the index’s largest gainer for the day — saw its stock price jump 2.36 percent to 30.32 per share after it said its merger with ATK‘s (NYSE: ATK) aerospace and defense groups is scheduled to...

Lockheed Reports 9% Revenue Spike in 4Q With F-35, Int’l Sales Growth

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Lockheed Martin (NYSE: LMT) has announced financial results for its fourth quarter and full 2014 fiscal year ended Dec. 31, 2014. Revenue for the fourth quarter increased 8.6 percent year-over-year and the company reported a modest revenue gain of two-thirds a percent for the full fiscal year. The company attributed the increase for the quarter partly to a $260 million growth in sales of the F-35...

January 26 Market Close: GovCon Index Dips, US Stocks Flat

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The GovCon Index held relatively level alongside a largely flat U.S. stock market to record a nominal loss of 0.110 points — or 0.152 percent — and close at 74.447 on Monday. Traders considered the results from Greece’s national election that saw an anti-austerity party win 149 out of a 300 possible seats in that country’s parliament and a coming winter storm for the...