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  • Thursday, April 25, 2024

GovCon Expert McAleese Analyzes Defense Sector Q2 Results

Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, estimates 4 percent to 7 percent growth in overall second quarter sales among defense primes.

His analysis of contractor Q2 results covered Boeing (NYSE: BA), BAE Systems, General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), L3Harris Technologies (NYSE: LHX), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX).

McAleese estimates sector profit growth of 7 percent to 15 percent for the quarter and a 6 percent increase in overall cash flow among major defense contractors for the first half of 2021.

He noted that sector performance reflects the effectiveness of immediate actions taken by the Department of Defense to protect the defense industrial base.

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