Search Results for: ken asbury

L-3 Signals More Acquisitions This Year, CACI & Raytheon Pivot to Organic Growth Focus

Differing acquisition strategies among government services contractors and defense primes became a main discussion topic analysts raised in earnings calls Thursday morning with three GovCon companies that stated financial results. L-3 Communications (NYSE: LLL) hinted it could make more acquisitions this year with three announced already so far, while CACI International (NYSE: CACI) and Raytheon (NYSE: RTN) all signaled …

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CACI Lowers Earnings Outlook as 1Q Results Top Street

CACI International (NYSE: CACI) lowered full-year earnings per share guidance Wednesday as first quarter EPS and revenue exceeded Wall Street analyst forecasts on continued contributions from the National Security Solutions business acquired in February from L-3 Communications (NYSE: LLL). GovCon Index-listed CACI now expects earnings for its 2017 fiscal year started Oct. 1 of $5.98-$6.37 per share versus the prior …

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CACI Names Jennifer Mehall Background Investigations Team SVP

Jennifer Mehall, formerly vice president of operations at Alaska Native government services contractor Chenega Corp., has been named senior vice president of the background investigation services group at CACI International (NYSE: CACI). Mehall will lead a team that provides background investigation support services to the Office of Personnel Management, CACI said Wednesday. …

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General Dynamics CEO: Census Bureau Support Win Part of IS&T Segment’s ‘Diving Board’ for Growth

General Dynamics (NYSE: GD) CEO Phebe Novakovic singled out to investors Wednesday the company’s potential five-year contract to support a Census Bureau contact center as part of what she referred to as a “diving board” for growth in the information systems and technology segment. That contract worth up to $430 million announced in September calls on General …

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Weekly Roundup October 3 – October 7, 2016: L-3 Makes Buys, M&A Chatter Around Harris & more

October 3 – October 7, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The stalwart GovCon technology maker L-3 Communications extended its profile as an active player in the merger-and-acquisition scene this week and closed its first buys since a large business divestiture …

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Former L-3 NSS Exec Bill Scott Joins STG as Cybersecurity VP; Phil Lacombe Comments

Bill Scott, a former vice president at L-3 Communications (NYSE: LLL), has been appointed VP of cybersecurity and secure information systems at Reston, Virginia-based government services contractor STG Group. Scott will work to manage STG’s resources, implement growth strategies and develop platforms designed to safeguard national security networks in collaboration with …

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CACI’s National Security Solutions Business Lands $77M Navy Satcom Support IDIQ

A CACI International (NYSE: CACI) subsidiary has won a potential four-year, $77 million contract to provide satellite communications, special operations communications systems and network support services for the U.S. Navy. The Space and Naval Warfare Systems Center Atlantic in South Carolina awarded the cost-plus-fixed-fee contract to CACI National Security Solutions through …

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August 18 Market Close: GovCon Index Lifted on CACI Earnings Beat, Energy Leads US Stock Gains on Oil Spike

Executive Mosaic’s GovCon Index rebounded Thursday from a two-session stretch of losses on a surge by CACI International‘s (NYSE: CACI) stock after the government services contractor topped Wall Street’s fourth quarter and full-year forecasts. Arlington, Virginia-based CACI said the February acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) helped …

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Former L-3 NSS Exec Lexi Alexander Joins ASRC Federal as BD Lead; Mark Gray Comments

Lexi Alexander, a former senior vice president at L-3 Communications (NYSE: LLL), has joined Beltsville, Maryland-based government engineering and technical services contractor ASRC Federal as SVP of business development and corporate strategy. ASRC Federal said Thursday the two-decade contracting sector veteran will focus on organic growth in her new role and be …

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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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