Financial Reports

Dorothy Helfenstein Joins SAIC as EVP, Chief Strategic Growth Officer; Nazzic Keene Quoted

Dorothy Helfenstein

Dorothy Helfenstein, formerly an executive vice president at Booz Allen Hamilton (NYSE: BAH), has joined Science Applications International Corp. (NYSE: SAIC) as EVP and chief strategic growth officer responsible for executing  corporate strategy.

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Phebe Novakovic: General Dynamics Posts Modest Q1 Defense Biz Growth, Maintains Strong Balance Sheet

General Dynamics' (NYSE: GD) defense businesses earned $7.1B in total revenue for its fiscal 2020 first quarter that ended March 29, a modest increase from the same period last year. "In this time of crisis and uncertainty, our balance sheet remains strong," Phebe Novakovic, chairman and CEO of General Dynamics and a 2020 Wash100 awardee, told analysts in an earnings call Thursday.

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Zacks: Vectrus Expected to Record 1.8% Rise in Q1 2020 Revenue

zacks-vectrus-expected-to-record-18-rise-in-q1-2020-revenue

Vectrus (NYSE: VEC) is expected to report $331.84M in revenues for the first quarter ended March 2020, which represents a 1.8 percent increase from the prior-year period, Zacks reported Tuesday. According to Zacks consensus estimate, the Colorado Springs, Colo.-based government services contractor is expected to record $0.77 in Q1 earnings per share, a figure that reflects a year-over-year increase of 11.6 percent.

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State Street Releases Pricing of Fixed-to-Floating Rate Senior Notes Offering

state-street-releases-pricing-of-fixed-to-floating-rate-senior-notes-offering

State Street Corp. announced that it has priced an offering of $750 million aggregate principal amount of 2.825 percent Fixed-to-Floating Rate Senior Notes due 2023, $500 million aggregate principal amount of 2.901 percent Fixed-to-Floating Rate Senior Notes due 2026 and $500 million aggregate principal amount of 3.152 percent Fixed-to-Floating Rate Senior Notes due 2031.

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Wells Fargo Analysts Share Financial Insights on Leidos, SAIC Deals

A new Wells Fargo Securities report offers analysts' views on Leidos' (NYSE: LDOS) move to buy the security detection and automation businesses of L3Harris Technologies (NYSE: LHX) for $1B as well as Science Applications International Corp.'s (NYSE: SAIC) plan to acquire the federal unit of Unisys (NYSE: UIS) for $1.2B.

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