The investment bank added that Booz Allen Hamilton (NYSE: BAH) projected a March quarter impact of nearly $20M in revenue, while CACI (NYSE: CACI) recorded $1M to $1.5M in a weekly revenue impact, with 300 employees affected.
The Wall Street Journal reported Tuesday defense contractors expect the White House to request a fiscal 2020 military budget that would equal or exceed previous spending on combat aircraft, space hardware and missile defense systems.
President Donald Trump indicated a potential defense funding proposal in the $700B to $750B range. He signed on Jan. 25 a continuing resolution to reopen and fund the government for three weeks.
The White House could issue its spending blueprint as early as this week.
The Space Development Agency has awarded $3.5 billion in other transaction authority agreements to Lockheed Martin, L3Harris Technologies, Northrop Grumman…
The Defense Health Agency has awarded TriWest Healthcare Alliance $6.8 billion to continue providing healthcare and administrative services in support…
HawkEye 360, provider of space-based signals intelligence, has acquired Innovative Signal Analysis, a Dallas, Texas-based company manufacturing high-performance signal-processing technologies.…
Major defense primes General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) did not experience “notable” impacts from the 35-day partial government shutdown, Wells Fargo Securities reported Friday.
