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.
AeroVironment has tapped Robert “Rob” Smith as executive vice president and chief operating officer. Smith’s appointment, which will become official April 13, underscores…
GreyNoise Intelligence has launched Command and Control Detection, a new intelligence module designed to identify active cyber compromises using outbound…
BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
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.
