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McAleese & Associates: Investors Expect HII to Hit 10% Shipbuilding Margins in 2019

A new report by consulting firm McAleese & Associates says investors expect Huntington Ingalls Industries (NYSE: HII) to return to 10 percent shipbuilding operating margins in 2019. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the figure could be driven by five ship deliveries this …

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McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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McAleese & Associates: Raytheon Recorded $42.4B in 2018 Total Backlog

A new report by consulting firm McAleese & Associates says Raytheon (NYSE: RTN) saw its 2018 bookings jump 16 percent to $32.2B, which resulted in a book-to-bill ratio of 1.2. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that Raytheon posted a total backlog of …

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McAleese & Associates: Northrop Posts 16% Sales Growth Driven by Aerospace, Innovation Systems Segments

Consulting firm McAleese and Associates has released a report that provides an overview of the financial performance of Northrop Grumman (NYSE: NOC) during the fourth quarter and full year 2018. Northrop saw its 2018 sales jump 16 percent to $30B driven by sales growth at its innovation systems business and …

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McAleese & Associates: Boeing’s Defense Business Reports 13% Rise in 2018 Sales

A new report by consulting firm McAleese & Associates says Boeing’s (NYSE: GD) defense, space and security business posted $23.2B in 2018 sales, reflecting a 13 percent increase from the previous year. The BDS segment saw its 2018 backlog rise 30 percent to $57B driven by its “buy-in” strategy associated with …

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McAleese & Associates: Lockheed’s 2018 Sales Driven by Aeronautics, Missiles & Fire Control Businesses

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its fiscal 2018 sales rise 8 percent to $53.8B and the increase was primarily driven by revenue growth in the Bethesda, Md.-based company’s aeronautics and missiles and fire control segments. Jim McAleese, founder and principal of McAleese & …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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Wells Fargo Securities: IBM to Release 2018 Q4 Results, Initial 2019 Guidance

A Wells Fargo Securities report says IBM (NYSE: IBM) is scheduled to release on Tuesday its fourth-quarter results for 2018 and initial guidance for 2019. According to the report released Friday, shareholders of Red Hat (NYSE: RHT) approved a deal for IBM to acquire the Raleigh, N.C.-based software company for approximately …

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Report: Federal Contract Spending Rose by 6% Annually From FY 2014-2018

Federal contract spending has increased by 5.8 percent per year in the past five fiscal years driven by agencies’ rising use of simplified acquisition procedures and governmentwide procurement contracts, Bloomberg Government reported Wednesday. Contract spending in FY 2018 reached $560B, according to the report. Federal agencies obligated $15B on government …

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Maxar Makes Progress in US Domestication Plan With Canadian Court Approval

Maxar Technologies (NYSE: MAXR) has made headway in its U.S. domestication effort after it received approval from the Supreme Court of British Columbia in Canada for certain changes the company made to its arrangement plan. The company said Friday the arrangement plan allows it to directly purchase common shares from shareholders …

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