Home / News / Weekly Roundup July 18 – July 22 2016: 2Q Earnings Season to Hit High Gear & more

Weekly Roundup July 18 – July 22 2016: 2Q Earnings Season to Hit High Gear & more

July 18 – July 22 2016

A Note From Our President & Founder Jim Garrettson

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As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial results that “Beat The Street.”

The world’s largest aerospace and defense contractor also gave investors a forecast on how the current status of F-35 contract negotiations could affect its cash flow and detailed potential future impact on earnings from the merger of Lockheed’s services segment into Leidos.

Click here for GovCon Wire’s story on Lockheed’s second quarter results and this link here on what Lockheed’s finance chief said to investors on the Leidos transaction.

Next week, 10 of the GovCon Index‘s 30 companies and six listed in both the GCI and S&P 500 indices will report quarterly earnings to fill up the calendars of investors with keen interests in the aerospace, defense and government contracting sectors.

The GCI’s sister site GovCon Wire — Executive Mosaic’s home of news that moves the GovCon market — will have all the facts and figures as they come out with the details behind the numbers.

Here is the GovCon Wire and GovCon Index earnings calendar for next week:

  • Monday: Rockwell Collins
  • Wednesday: Boeing, General Dynamics, Northrop Grumman, Booz Allen Hamilton, ManTech International and McKesson Corp.
  • Thursday: Raytheon, L-3 Communications and Leidos

THE WEEK’S OTHER TOP 10 GOVCON STORIES

DHA Taps Humana, Health Net for Tricare Managed Care Support Contracts
Each potential multibillion dollar contract covers a base period of nine months and options to extend services for five additional years.
State Dept OKs $821M SM-2 Block IIIB Missile & Launch Canister Sale to Japan
Raytheon is the maker of Standard-Missile 2 while BAE Systems’ U.S. arm manufactures the MK 13 vertical launching system canister.
Bell Boeing to Build 4 Osprey Tiltrotors for Japan Under $545M Navy Contract Modification
Japan is acquiring the noted helicopter- and airplane-like Osprey through a foreign military sales agreement.
State Dept Clears UAE’s $785M Munitions Purchase Request
Guidance kits, various bombs and other types of munitions are included in the sale that is intended to help the UAE and coalition forces combat ISIS militants.
NASA Taps 5 Companies to Develop Mars Orbiter Concepts
Each contractor will carry out a four-month study into how a future orbiter could communicate and send images from Mars back to Earth.
AT&T’s Stacy Schwartz on Mobility & Cloud Evolution in Public Safety, Unified Communication Tech’s Future
Schwartz also describes envisioned real-world uses of new technologies during emergencies in this Q&A with ExecutiveBiz.
Tim Meehan: CenturyLink to Provide Managed Disaster Recovery Services to OCC
CenturyLink will help carry out tests and security functions for the agency that helps oversee the U.S.’ banking system.
Virginia Contracting Activity Seeks Social Media Report Sources to Support Security Clearance Process
DIA’s procurement organization wants industry ideas on how to incorporate social media into reviews of people seeking clearances.
MIL to Help FirstNet Adopt Microsoft Office 365
Bowie, Maryland-based MIL will help the agency responsible for the future nationwide broadband public safety network transition to a cloud environment.
Former Army Acquisitions Exec Heidi Shyu Joins Roboteam’s Advisory Board
Shyu retired from her role as the Army’s top product and service buyer in November 2015 and spent four years there as a civilian executive.

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