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Booz Allen CFO Ties $250M Aquilent Deal to ‘Vision 2020’ Digital Services Strategy

Booz Allen Hamilton (NYSE: BAH) Chief Financial Officer Lloyd Howell characterized to investors Wednesday the firm’s pending $250 million acquisition of digital services contractor Aquilent announced Tuesday as a “tuck-in, capability-based” versus other large scale-focused transactions in the industry over the past year. Howell told attendees of the Credit Suisse Industrial Conference in Palm Beach, …

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L-3 Strikes Potential $315M Deal to Buy Aviation Security Tech Maker MacDonald Humphrey

L-3 Communications (NYSE: LLL) has purchased U.K.-based aviation security technology maker MacDonald Humfrey Automation in a deal potentially worth up to $315.5 million for an effort to add new automation and robotic tools for deployment at airports worldwide. The deal comes nearly one month after L-3 said it would purchase Implant Sciences‘ explosive trace …

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November 21 Market Close: GovCon Index Advances, KBR & Leidos Get Upgrades as Cubic Falls on Guidance Miss

Executive Mosaic’s GovCon Index advanced for a third consecutive session Monday on a mix of contributions from large primes and services stocks but a sharp fall by Cubic Corp. (NYSE: CUB) pared the GCI’s gain after the contractor’s guidance missed analysts’ expectations. GovCon Index gainers outnumbered decliners by a 5-to-1 ratio and …

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Rebecca Cowen-Hirsch, Rick Lober See Commercial Tech Opportunity in Military Comms

TYSONS CORNER, VA, Nov. 10, 2016 — Rebecca Cowen-Hirsch of Inmarsat and Rick Lober of Hughes Network Systems have stated that commercial platforms could support the U.S. military’s broadband communications and satellite coverage needs, ExecutiveBiz reported Nov. 2. “The opportunity lies in engaging with commercial industry to learn what capabilities we are investing in …

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November 3 Market Close: GovCon Index Down 1% on Huntington Ingalls 3Q Miss, Leidos Jumps on Street Beat

Executive Mosaic’s GovCon Index tumbled Thursday after Huntington Ingalls Industries (NYSE: HII) reported a year-over-year decline in third quarter earnings with GCI-S&P 500 companies also notable laggers as U.S. stocks also fell on investor worries over election uncertainty. GovCon Index advancers edged decliners 16-14 and three of its 11 S&P 500 companies …

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Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase

Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

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Leidos Boosts Full-Year Guidance on 3Q Earnings Beat, Huntington Ingalls Misses Street’s Estimates

GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised full-year guidance for both earnings per share and revenue as third quarter EPS exceeded the …

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Harris & Engility Top Wall Street’s Quarterly Earnings Forecasts, KBR Reports 3Q Net Loss

Three GovCon Index-listed government contractors and one also included in the S&P 500 composite index posted quarterly financial results before markets opened Tuesday. Co-listed Harris Corp. (NYSE: HRS) posted fiscal year 2017 first quarter results above Wall Street’s consensus forecasts and in conjunction announced a $425 million sale of its CapRock communications business as …

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Weekly Roundup October 24 – October 28, 2016: Sector Execs Offer Outlooks at 3Q Checkpoint & more

October 24 – October 28, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Outlooks of the government contracting market’s future trajectory and its ongoing dynamics dominated the attention of sector leaders and observers this week, during which GovCon Wire helped capture the larger …

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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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