Charlie Peiffer, interim president and CEO of PAE, said the company saw its organic revenue for the quarter grow 7 percent. Pfeiffer stepped into the dual-role March 19 while serving as full-time chief financial officer of the Falls Church, Virginia-based government contractor.
PAE posted $292 million in Q1 bookings and $55.4 million in cash flow from operations.
Revenues in the company’s national security solutions and global mission services business units rose by about $67.2 million and $64.1 million, respectively.
The NSS segment’s quarterly operating income came in at $11.4 million while the GMS sector’s operating income reached $24.5 million.
Net income of the company declined from $26 million to $13.4 million year-over-year due to warrant-related changes.
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…
