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Harris Cuts FY 2016 Earnings, Revenue Forecasts on Slowing Middle East Demand

HARRIS

Harris Corp. (NYSE: HRS) — an S&P 500 company listed in Executive Mosaic’s GovCon Index — has cut full-year revenue guidance for a second consecutive quarter in its current fiscal year with this reduction due to a slowdown in tactical communications product demand from the Middle East. The Melbourne, Florida-based military radio manufacturer now expects …

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Cubic Lifts FY 2016 Revenue Guidance on 2Q Beat; Earnings Forecast Narrowed

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Cubic Corp. (NYSE: CUB) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted revenue guidance for its 2016 fiscal year in part on added contributions from two acquired businesses and exceeded Wall Street estimate for the company’s second quarter. The San Diego-based defense and transportation contractor now …

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Ken Asbury: CACI Narrowed Guidance on Award Timing Delays in 3Q

Ken Asbury

Arlington, Virginia-based government services contractor CACI International (NYSE: CACI) narrowed revenue forecasts for its 2016 fiscal year on delays to contract awards as some bookings arrived late in its third fiscal quarter that ended in March, CEO Ken Asbury told investors Thursday. As GovCon Wire reported Wednesday, CACI cut the …

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ManTech Tops Wall Street 1Q Earnings & Revenue Forecast; CACI Misses Analyst 3Q Sales Outlook

Money

Fairfax, Virginia-based government services contractor ManTech International (NASDAQ: MANT) exceeded the consensus analyst estimate for first quarter earnings and revenue, while Arlington-headquartered CACI International (NYSE: CACI) missed Wall Street’s sales outlook for its fiscal third quarter. Both companies are listed in Executive Mosaic’s GovCon Index of 30 publicly-traded government contractor stocks. ManTech reported January-March earnings at 35 …

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GovCon Index Defense & Services Primes Report Mixed 1Q Earnings; Boeing Misses

Money

Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one for the second …

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Lockheed Boosts 2016 Earnings, Revenue Outlook

lockheed martin

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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Honeywell Lifts Guidance After 1Q Earnings, Revenue Beat on Aerospace Repair & China Boost

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Honeywell International (NYSE: HON) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter earnings and revenue above Wall Street’s expectations on higher aerospace repair and overhaul volume and growing automation and control systems sales in China. The Morris Plains, N.J.-based industrial conglomerate posted earnings of $1.53 …

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Rockwell Collins Posts 8.9% Profit Bump for 2Q, Sales Below Street Outlook

Rockwells Collins logo_GovConWire

Rockwell Collins (NYSE: COL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported second quarter earnings of $1.30 per share to exceed Wall Street’s expectations by 1 cent as revenue fell $20 million short of the consensus analyst outlook. The Cedar Rapids, Iowa-based aviation technology …

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Textron 1Q Revenue, Earnings Top Street Outlook on Jet & Unmanned Deliveries

Textron

Textron (NYSE: TXT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported first quarter revenue that topped Wall Street’s expectations to snap a streak of eight straight quarters of sales below analyst outlooks. The Providence, R.I.-based defense and industrial conglomerate said first quarter revenue totaled $3.2 billion …

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SAIC FY 2016 & 4Q Earnings Top Street

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Science Applications International Corp. (NYSE: SAI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings for both its 2016 fiscal year and fourth quarter that came in above analyst forecasts. The McLean, Virginia-based contractor’s full-year earnings totaled $2.85 per share to exceed Wall Street …

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