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CACI Reports 2.6% Revenue Hike, $5.2B in Contract Wins for FY 2018; Ken Asbury Quoted

CACI International (NYSE: CACI) posted $4.46 billion in revenue for the full fiscal year 2018 that ended June 30, up 2.6 percent from $4.35 billion in FY 2017. The company said Wednesday it recorded a net income of $301.2 million for fiscal 2018 and $340.7 million in FY 2018 operating …

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Perspecta Records 17% Revenue Increase for Q1 FY 2019; Mac Curtis Quoted

Perspecta (NYSE: PRSP) reported $793 million in revenue for the first quarter of fiscal 2019 that ended June 30, reflecting a 17 percent increase from the prior year period. The company said Tuesday its Q1 2019 pro-forma revenue rose 2 percent to $1.04 billion compared with the same period in …

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Vectrus Reports 24% Rise in Q2 2018 Revenue; Chuck Prow Comments

Vectrus (NYSE: VEC) recorded $321 million in revenue for the second quarter of fiscal 2018, up 24 percent from the same period last year. Chuck Prow, Vectrus president and CEO, said in a statement published Tuesday the revenue increase can be associated with the company’s acquisition of SENTEL and 12 …

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Carlyle Group’s US Buyout Fund Secures $18.5B Capital

The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase …

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Northrop Reports 10% Rise in Q2 2018 Sales; Wes Bush Comments

Northrop Grumman (NYSE: NOC) posted $7.1 billion in sales for the second quarter of fiscal 2018, up 10 percent from the same period last year. The company said Monday it recorded $689 million in Q2 net earnings, showing a 24 percent increase from the prior year period, and saw its backlog …

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Raytheon Records 5.5% Increase in Net Sales, $8.7B in Bookings for Q2 2018

Raytheon (NYSE: RTN) recorded $6.6 billion in net sales for the second quarter of fiscal 2018, reflecting a 5.5 percent increase from the same period last year. The company said Thursday it logged $8.7 billion in Q2 bookings and $1.2 billion in operating cash flow related to second-quarter continuing operations. The …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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Devin Talbott: Enlightenment Capital Invests in ByteCubed to Help Address Govt Tech Demand

Enlightenment Capital has invested in Arlington, Virginia-based technology and consulting service contractor ByteCubed to support the latter’s growth strategy in the data science, business intelligence and technology automation areas. ByteCubed will use investment from Enlightenment Capital to pursue organic and inorganic growth opportunities, the investment company said Tuesday. Devin Talbott, a managing partner at …

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ManTech Reports Increase in FY 2017 Revenue, Operating Income; Kevin Phillips Comments

ManTech International (Nasdaq: MANT) posted $1.72 billion in revenue for the full fiscal year 2017 that ended Dec. 31, up from $1.6 billion in FY 2016. ManTech said Wednesday it recorded $98.2 million in FY 2017 operating income, which reflects an 8 percent increase from the previous fiscal year. The company …

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Leidos to Combine Operations Into New Reston, VA HQ; Roger Krone Comments

Leidos (NYSE: LDOS) has signed a deal with Boston Properties to transfer its headquarters to a new office building in Reston Town Center in Virginia as part of plans to consolidate operations from two buildings into one facility. Leidos said Tuesday construction work on the new HQ will start by …

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