Financial Report

Boeing, ATK to Issue Stock Dividends

Boeing‘s (NYSE: BA) board of directors today declared a regular quarterly dividend of 42 cents per share, according to a statement by president and CEO Jim McNerney. The dividend is payable Dec. 2, 2011, to shareholders of record as of Nov. 11, 2011 ATK (NYSE: ATK) also announced that its …

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GeoEye 2011 Revenues Grow 5%

GeoEye (NASDAQ: GEOY) released its third quarter financial results on Nov. 1, 2011. The company reported it has generated $259.6 million in revenue in the nine months ending Sept. 31, a 4.8 percent increase over the the $247.8 million it reported for the prior year period. “We renewed our service level agreement with …

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David Melcher Comments on Completed ITT Spinoffs

  ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off its defense and information solution business into ITT Exelis and its water technology and services business into Xylem. Open trading of Exelis (NYSE: XLS) and Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. …

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CGI Separates Health Sector Growth from Government Vertical

CGI (NYSE: GIB) announced today it will begin reporting health sector growth in a separate “Health” vertical segment. That growth is currently included in its government and financial services verticals. The company said the sector’s strong performance and its importance to CGI’s global growth strategy resulted in the separation. The sector has grown 28.1 …

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ITT 3Q Revenues Grow Across All Sectors Prior to Oct. 31 Spinoff

ITT Corp. (NYSE: ITT) released its third quarter financial results on Oct. 28, 2011. After subtracting $93 million in after-tax spinoff expenses and other adjustments, the company reported it realized $218 million in income from continuing operations, or $1.17 per share. That’s compared with $200 million or $1.08 per share in …

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Raytheon 3Q Bookings Jump 14%; Credit Rating Upgraded by Moody’s

Raytheon Co. (NYSE: RTN) released its third quarter financial results on Oct. 27. The company reported it earned $1.39 per diluted share, a 3 percent increase over the third quarter of 2010. The company also reported $6.884 million in third quarter bookings, a more than 14 percent increase from the $6.038 million …

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L-3 Comm.’s EPS Grows 8%, C3ISR Sales 13% in 3rd Quarter

L-3 Communications (NYSE: LLL) released its third quarter financial results on Oct. 27, 2011. The company reported that its diluted earnings per share increased eight percent over the third quarter of 2010 to $2.24 from $2.07. L-3 Chairman, President and CEO Michael Strianese said C3ISR sales grew by 13 percent …

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of …

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URS to Fuel Global Expansion with $1.7 Billion Credit Facility

URS Corp. (NYSE: URS) has entered a five-year $1.7 billion senior credit facility, which will support global expansion and continued operations, the company said in a release. The facility will mature in October 2016 and includes a $700 million term loan facility and a $1.0 billion revolving credit facility. The initial interest rate …

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