Financial Reports

Veritas Capital has generated $6.5B in capital commitments for its seventh fund in support of its strategy to invest in technology-focused companies that deliver products and services to government and commercial clients.

Analysts at Wells Fargo Securities reiterated an outperform rating with a $92 price target for Science Applications International Corp.'s (NYSE: SAIC) stock after the government services provider announced its second quarter fiscal 2020 financial results.

A new report by consulting firm McAleese & Associates says L3Harris Technologies (NYSE: LHX) issued its full year 2019 pro forma guidance, posting a 10 percent sales increase at $18B and a sector operating margin of 16 percent.

A new McAleese & Associates report says Huntington Ingalls Industries (NYSE: HII) saw its sales rise 8 percent to $2.2B, primarily driven by a 7 percent revenue growth at HII’s Newport News Shipbuilding division and a 38 percent sales increase at technical solutions segment.

A report by consulting firm McAleese & Associates says BAE Systems’ U.S. electronic systems sector saw its sales climb 11 percent to $2.8B during the first half of 2019 with a 14.8 percent operating margin and sector profit of $409M.

A McAleese and Associates report says Raytheon (NYSE: RTN) recorded $9.5B in new orders during the second quarter of 2019 with a book-to-bill ratio of 1.3x.

A new report by consulting firm McAleese & Associates says General Dynamics recorded $9.6B in sales during the second quarter of 2019, up 4 percent from the prior year period.

A new PwC report says the U.S. aerospace and defense industry recorded $244B in 2018 sales and was the A&D exports leader last year with $132B in revenue.

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) reported $13.5B in new awards during the second quarter of 2019 with a total backlog of $63B and a book-to-bill ratio of 1.6x.

A new McAleese & Associates report says Boeing’s (NYSE: BA) defense, space and security business reported $6.6B in sales for the second quarter of 2019, showing an 8 percent increase from the same period last year.