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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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SAIC Reports 3% Rise in Q3 FY 2019 Revenue; Tony Moraco Quoted

Tony Moraco, CEO of Science Applications International Corp. (NYSE: SAIC), has said the company’s fiscal 2019 third-quarter results reflect its continued focus to deliver robust performance across its contract portfolio. SAIC said Thursday it closed the quarter with $1.2B in revenue, a 2.8 percent or $32M increase from the same …

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UTC-Rockwell Collins Merger: New Financial Details Emerge

On Nov. 26th, United Technologies announced its move to split the company into three separate businesses following the completion of the $30B Rockwell Collins acquisition on Nov. 23rd. The move will combine UTC’s Pratt & Whitney and United Technologies Aerospace Systems with Rockwell Collins to form Collins Aerospace Systems. The …

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Maxar Shareholders OK US Incorporation; Howard Lance Quoted

Shareholders at Maxar Technologies (NYSE: MAXR) cleared the company’s plan for U.S. domestication at a special meeting held Friday in Westminster, Colo. The company said Friday holders of approximately 76 percent of outstanding and issued shares in Maxar voted in the meeting with 99.8 percent approving the firm’s U.S. incorporation. …

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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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