A Note From Our President & Founder Jim Garrettson
Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and went three-for-three against Wall Street’s forecasts..
Lockheed Martin kicked off third quarter earnings seasonTuesday with earnings-per-share and revenue figures above analyst estimates and raised guidance to the top end of its prior outlook.
Chief Financial Officer Bruce Tanner subsequently outlined to investors the company’s potential future steps on the separation of some government information technology and services businesses.
“We’re looking at… a sale, a spin or a Reverse Morris Trust somewhere in probably the middle of next year to the third quarter of next year, ” Tanner said.
CEO Marillyn Hewson said the company expects to offer more details on such a transaction by the end of the year.
Boeing soared past analyst expectations in both earnings and revenue and also lifted its full-year guidance for both categories.
The company also posted a 6-percent jump in defense segment sales year-over-year.
Raytheon reported earnings and sales figures above Wall Street forecasts, raised its full-year revenue guidance and left the 2015 earnings outlook unchanged.
The GovCon Index has risen 2.11 percent to 74.836 for the week through Fridaymidday and investors with a particular interest in government contracting will digest more earnings reports next week from Northrop Grumman, General Dynamics and others.
Noblis’ Roger Mason Joins DigitalGlobe Board
Mason is an SVP at the nonprofit organization Noblis and a former assistant national intelligence director for systems and resource analyses.
The Senate voted 49-44 Thursday to confirm Rep. John Ratcliffe (R-Texas) as the new director of national intelligence, The Wall Street Journal reported.
The Professional Services Council has urged Congress to work on a bipartisan spending measure that will raise budget caps for fiscal years 2020 and 2021. “Such an agreement is PSC’s top priority as it is essential to timely FY20 appropriations, to full funding for all federal agencies, and to avoiding the devastating impact of sequestration on
Weekly Roundup Oct 19 – Oct 23 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and went three-for-three against Wall Street’s
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Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s 
Lockheed Martin 
Chief Financial Officer Bruce Tanner subsequently outlined to investors the company’s potential future steps on the separation of some government information technology and services businesses.
“We’re looking at… a sale, a spin or a Reverse Morris Trust somewhere in probably the middle of next year to the third quarter of next year, ” Tanner said.
Boeing 
Raytheon 
