Financial Reports

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.

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.

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.

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $93.8B in 2019, reflecting a 62 percent increase from the previous year.

A report by the Stockholm International Peace Research Institute showed that arms sales worldwide hit $420B during 2018 and five U.S.-based companies dominated SIPRI's latest ranking of the top 100 global military suppliers.

Nazzic Keene, CEO of Science Applications International Corp. (NYSE: SAIC) and a 2019 Wash100 winner, said that mission engineering, technology modernization and space systems market opportunities can provide a catalyst for long-tern SAIC growth, the Washington Business Journal reported Friday.

Booz Allen Hamilton (NYSE: BAH) topped analyst expectations in the second quarter of its 2020 fiscal year with a revenue growth of 12.7 percent over the same period last year, the Washington Business Journal reported Friday. Horacio Rozanski, CEO of Booz Allen and two-time Wash100 Award recipient, said the company has lifted its guidance despite the current federal budget scenario.

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its year-to-date backlog rise 22 percent to $65B in the third quarter of 2019 and posted $8.5B in Q3 sales, reflecting a 5 percent increase from the same period last year.

A new McAleese & Associates report says Boeing’s (NYSE: BA) defense, space and security business recorded $7B in sales during the second quarter of 2019, reflecting a 2 percent increase from the prior-year period.

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) expects a potential $35B block buy contract to be awarded in the fourth quarter of 2019 for lots 12 through 14 of the F-35 fighter jet.