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.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
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.
