A Note From Our President & Founder Jim Garrettson
First quarter earnings season has given investors with keen interest in the aerospace, defense and government contracting sectors a smorgasboard of items to consider as they gauge the industry’s health.
Many of the largest names in our GovCon Index of 30 government contractor stocks reported earnings and revenue that exceeded Wall Street’s expectations.
Boeing posted a sharp 18-percent increase year-over-year in defense sales and left its 2016 outlook unchanged despite an earnings miss on a charge in the KC-46 tanker program.
So why is the GovCon Index on pace for a one-third percent weekly loss?
Raytheon’s stock has declined nearly 3 percent since its earnings release Thursday on investor concern over the company’s profitability in the short term, while shares in CACI International have plummeted almost 13 percent over one-and-a-half days after the services contractor posted third quarter revenue figures below analyst forecasts.
Investors also had another chance to quiz the top leaders at Lockheed and Leidos on the future of both companies after they close their mega-deal as seen in the top two stories of our list below.
Continue reading below for our coverage of their comments to The Street plus those of CACI’s chief executive on their outlooks for the near- and long-term futures, along with a collection of seven other top stories in the government contracting arena for this week.
ExecutiveBiz featured Sean Berg, president of global government and critical infrastructure at Forcepoint, in its most recent Executive Spotlight interview published Wednesday. He talked about the company’s focus on the federal sector as a driver for long-term growth, its recent acquisitions to complement existing capabilities, and how zero trust technology is becoming a major focal
Forcepoint‘s federal business will deliver a user activity monitoring tool to the Department of Defense’s combatant commands and fourth estate organizational entities under an $89.1 million contract from the Defense Information Systems Agency. DOD said Monday the Defense Information Technology Contracting Organization received two proposals for the technology procurement effort. The firm-fixed-price contract has a
Executive Mosaic is honored to present John Zangardi, CEO of Redhorse Corp., as an inductee into the 2022 class of the renowned Wash100 Award. Since 2014, the prestigious distinction has recognized the top 100 most elite executives in the government contracting community for their influence, vision, achievements and impact across the federal landscape. This year, Zangardi