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.â 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 âBeat The Street.â
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 GovConâs 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.
As of this publication’s send, our GovCon Index of 30 large contractor stocks is on pace for a 0.7-point gain thanks to Huntington Ingalls Industries, which has surged 6.5 percent since Thursday morning’s open after the Newport News-based shipbuilder soared past Wall Street’s first quarter expectations.
Our senior editor Ross Wilkers and WMAL radioâs âNational Defense Weekâ anchor Francis Rose recorded a discussion set to air this Sunday morning on defense contractorsâ 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.
Also check out the âNational Defense Weekâ website here for the full show archive and segments from previous programs, plus subscribe to the podcast on iTunes or Stitcher Radio.
Lynn Dugle, former CEO of Engility and a three-decade government contracting industry veteran, has joined the board of directors of Avantus Federal. She started her career at Texas Instruments and later worked for Raytheon, where her 12-year career included roles as president of the legacy company’s intelligence, information and services unit, Avantus said Tuesday. Dugle
TYSONS CORNER, VA, January 10, 2018 â Leanne Caret, president and CEO of Boeing‘s (NYSE: BA) defense, space and security business, has said she believes the challenges that women professionals encounter in the defense sector are more “aspirational” instead of institutional, as the industry sees a surge in women leaders at top contractors, ExecutiveBiz reported