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 Streetâs 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.
Mercury Systems (Nasdaq: MRCY) has appointed finance and technology leader David Farnsworth as chief financial officer and added Roger Krone, former chairman and CEO of Leidos (NYSE: LDOS) and a 10-time Wash100 awardee, to the board as an independent director. Farnsworth will officially assume the CFO role at Mercury Systems on July 17, and will
Executive Mosaic CEO Jim Garrettson presented Roger Krone, former CEO and chairman of Leidos, with his 2023 Wash100 Award during a recent visit to Leidos offices on Krone’s last day as the head of the company. In the Wash100 Award’s ten-year history, Krone is the only executive who has landed a spot on the list every single year,
After a competitive four months and tens of thousands of votes, Executive Mosaic is excited to announce that the winner of the 2023 Wash100 popular vote competition is the resolute Department of Defense cornerstone, Defense Secretary Lloyd Austin. This year, a staggering nearly 40,000 votes were cast in support of the esteemed recipients of the 2023 Wash100 Award,