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Northern Virginia, NYC to House Amazon’s Two New HQs

Amazon (Nasdaq: AMZN) has officially chosen New York’s Long Island City and Northern Virginia’s Arlington to accommodate its new headquarters with plans to invest $5B and generate at least 50K jobs across the two sites. “These two locations will allow us to attract world-class talent that will help us to …

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McAleese & Associates Assesses Defense Spending Trends

A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon’s overall budget in FY 2019 demonstrates …

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Report: General Dynamics Posts 13% Increase in Q3 Mission Systems Segment Revenue

McAleese & Associates has provided an overview of General Dynamics’ (NYSE: GD) financial results in the third quarter of 2018. The Falls Church, Va.-based defense contractor’s mission systems sector reported a 13 percent increase in Q3 sales with an operating margin of 14.6 percent, reflecting an 18 percent growth in …

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McAleese & Associates: HII Optimistic on FY 2018-2019 Shipbuilding Funds in Bipartisan Budget Act

Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is “ecstatic” about the Bipartisan Budget Act’s shipbuilding funds for fiscal years 2018 and 2019. “[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot …

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McAleese & Associates: HII Reports 10% Growth in Year-to-Date Sales

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

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Novetta Reports $410M in 2018 Contract Wins Year-to-Date; Tiffanny Gates Quoted

Novetta closed third quarter having booked $410M in contract awards in 2018 and expects to close the year with a year-over-year increase of 49 percent in new contract work. The company said Monday one of its achievements this year was securing a spot on the U.S. Army’s potential $37.4B Responsive Strategic …

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CACI CEO Ken Asbury: Organic Growth is Top Priority

Ken Asbury, president and CEO of CACI International (NYSE: CACI) and a five-time Wash100 winner, has said the company’s first priority is to continue organic growth efforts. “M&A remains our priority for capital deployment and we are pursuing quality companies and contracts that add new customers and fill capability gaps …

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Engility Sets Record Q3 Book-to-Bill Ratio; Lynn Dugle Quoted

Engility (NYSE: EGL) reported a record book-to-bill ratio of 2.4x at $1.1B in net bookings and posted a revenue of $471M in the third quarter of 2018. The company said Wednesday those net bookings included contract awards worth approximately $550M within the intelligence segment; $320M within the space sector; and …

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McAleese & Associates: Raytheon Reports 25% Rise in Q3 2018 Bookings

A report by consulting firm McAleese & Associates says Raytheon (NYSE: RTN) posted $8.7B in bookings during the third quarter of 2018, reflecting a 25 percent increase from the same period last year. Raytheon associated the increase with the integrated defense systems sector’s $1.3B Patriot missile defense system order from Poland and $787M …

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McAleese & Associates: Northrop COO Kathy Warden’s Defense Program ‘Watchlist’ Includes GBSD, OPIR

Consulting firm McAleese & Associates has released a new report listing several defense programs under the “watchlist” of Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC). Jim McAleese, founder and principal at McAleese & Associates, said those include the U.S. Air Force’s Ground Based Strategic Deterrent competition, Overhead …

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