Financial Reports;News

KBR Rebrands Business Units Within Government Arm

KBR (NYSE: KBR) has updated the names of business units under its government solutions segment and reported a fiscal 2020 recompete win rate of 95 percent within the sector. KBR said Monday its government solutions segment includes four business units: defense and intel, formerly Centauri and defense systems engineering businesses; …

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Leonardo Eyes IPO for US-Based DRS Subsidiary

Italy-based aerospace and defense conglomerate Leonardo is considering listing its U.S. subsidiary on the New York Stock Exchange through an initial public offering to potentially raise $2.54 billion, Reuters reported Saturday. According to newspaper Il Messaggero, the possible listing of Arlington, Virginia-based Leonardo DRS is intended to support the parent …

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Qualtrics Stock Jumps 38% in Public Market Debut

Qualtrics International (Nasdaq: XM), an experience management software developer that has spun out of SAP (NYSE: SAP), opened trading Thursday at a price of $41.85 per share, with a valuation of approximately $24.5 billion, The Wall Street Journal reported. The opening price represented an increase of nearly 40 percent over …

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Phebe Novakovic: General Dynamics IT, Mission Systems Segments Now Report Earnings Under Technologies Group

Phebe Novakovic, chairman and CEO of General Dynamics (NYSE: GD) and a six-time Wash100 awardee, said the company merged its information technology and mission systems business segments into a single reporting unit called the technologies group, the Washington Business Journal reported Wednesday. “This new reporting reflects the way we manage …

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COMSovereign Eyes $16M in Gross Proceeds Via Public Offering

COMSovereign Holding, a developer of 5G and 4G LTE communications systems, is selling 3,855,422 units consisting of a share of common stock and one warrant at a price of $4.15 per unit through a public offering to raise $16 million in gross proceeds. The company said Thursday it has secured …

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