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Ross Wilkers

Boeing-Lockheed Team Challenges Air Force Bomber Contract Award

The team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) has filed a protest against the U.S. Air Force‘s award of the multibillion dollar Long Range Strike Bomber contract to Northrop Grumman (NYSE: NOC) nearly a week after a post-selection debrief. Boeing said in a statement issued Friday they took issue with the Air Force’s evaluations of …

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CSC US Govt-SRA Combination Unveils Business Plan, Exec Team & Board to Investors

The company being formed out of Computer Sciences Corp.’s (NYSE: CSC) U.S. government business and SRA International has revealed more details of its business plan in Wednesday filings with the Securities and Exchange Commission and a presentation to investors in New York held Thursday. As previously covered this week here, the combined company …

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November 5 Market Close: GovCon Index Rises on Huntington Ingalls’ Earnings, US Stocks Mixed

The GovCon Index gained 0.485 points to 78.281 on naval shipbuilder Huntington Ingalls‘ (NYSE: HII) third quarter earnings report that topped Wall Street’s expectations. Shares in Newport News, Virginia-based Huntington Ingalls surged 8.11 percent to $130.13 after the company said its third quarter profit climbed 15.62 percent from the same period in 2014 and earnings …

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Huntington Ingalls 3Q Earnings, Revenue Beat Wall Street Estimates; Profit Up 15%

Huntington Ingalls (NYSE: HII) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.29 per share to exceed Wall Street analysts’ forecasts by 16 cents and the prior year figure by 33 cents. Profit for the Newport News, Virginia-based shipbuilder rose 15.62 percent year-over-year …

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Engility 3Q Earnings Below Wall Street Expectations on Contract Award, Start Delays

Engility Holdings (NYSE: EGL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported third quarter earnings of 61 cents per share to fall 3 cents below the consensus Wall Street forecast. Revenue for the Chantilly, Va.-based government services contractor came in at $570.45 million for the quarter versus …

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CSC Sets Nov. 27 as NA Public Sector Spinoff Date, SRA Deal to Close Nov. 30

Computer Sciences Corp. (NYSE: CSC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has scheduled Nov. 27 as the date it expects to complete the spinoff of the company’s North American public sector business, CSC said Wednesday. The technology services company also has set Nov. 30 for the closure of …

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November 4 Market Close: GovCon Index, US Stocks Dip After Fed Chair Hints at December Rate Hike

The GovCon Index held in negative territory after brief gains in the morning and mid-afternoon trading sessions Wednesday and closed down 0.153 points to 77.796. U.S. stocks turned downward after Federal Reserve Chair Janet Yellen told House lawmakers a move to raise short-term interest rates at the central bank’s December meeting was a …

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Carlyle Group Cuts Booz Allen Ownership Stake to 20%

Global investment firm Carlyle Group will reduce its ownership stake in consulting services provider Booz Allen Hamilton (NYSE: BAH) to 20 percent through a sale of 13 million shares to Credit Suisse for $388, 440, 000. Booz Allen said Tuesday the transaction is valued at $29.88 per share — the firm’s Tuesday …

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November 3 Market Close: GovCon Index Ends Nominally Down, US Stocks Up on Energy Rally

The GovCon Index turned around losses incurred during the morning session Tuesday but fell late afternoon to end at a nominal decline of 0.022 points to 77.949. Index stock Harris Corp. (NYSE: HRS) rose 1.62 percent to $81.00 after the military radio maker posted third quarter earnings above the consensus Wall Street …

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Lockheed Says Sikorsky Buy to Close Friday After China Clears Deal, All Regulatory Approvals Complete

China’s commerce ministry has cleared Lockheed Martin‘s (NYSE: LMT) estimated $9 billion purchase of the helicopter manufacturer Sikorsky Aircraft to mark the final regulatory approval required for the deal. Lockheed announced the review’s completion Tuesday and said it expects the transaction to close Nov. 6. The company needed approval from eight …

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