A Note From Our President & Founder Jim Garrettson
The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what the domestic and global GovCon markets will look like this year and beyond.
For this new round of earnings reports, the Middle East appeared to be a major driver of top-line results for two GovCon product makers and another pair of services-oriented companies started the year with earnings and revenue that met or “Beat The Street.”
Orbital ATK and Harris Corp. both said their respective first and second fiscal quarters saw lower volumes in the Middle East, a trend that comes in conjunction with low oil prices.
For GovCon’s services side, both Engility and ICF International posted first quarter earnings and revenue figures above analyst expectations in a possible hint to investors that this arena of government contracting still has some returns to offer.
Our senior editor Ross Wilkers and WMAL radio’s “National Defense Week” anchor Francis Rose recorded a discussion set to air this Sunday morning on defense contractors’ financial performance and the differing pictures product makers and service providers have given investors.
Wilkers and Rose also overviewed why some analysts singled out Northrop Grumman as a prime stock to watch this year and next, plus the defense industry’s current M&A picture.
Tune your radio dial to WMAL 630 AM and 105.9 FM in Washington or stream the station online from 11 a.m. Eastern time Sunday to hear the full program and hear the full discussion between Wilkers and Rose.
May 9 – May 13 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The Pentagon’s top product and services buyer made it official this week that the would no longer advocate for greater authority to regulate GovCon merger-and-acquisition activities that involve the large primes. Frank Kendall told an audience at
May 2 – May 6 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The first full week of May represented another checkpoint for investors to gauge the financial performance of the U.S.’ largest government contractors and get an idea of what the domestic and global GovCon
TYSONS CORNER, VA, April 29, 2016 — Amazon Web Services (Nasdaq: AMZN) has provided the private cloud infrastructure that hosts an online marketplace for the Intelligence Community to purchase software applications and developer tools, Executive Gov reported Thursday. Nextgov reported Wednesday that the IC Marketplace hosted on AWS’ C2S platform was launched last week. AWS built the cloud