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A new McAleese & Associates report says major defense prime contractors recorded a 4 percent to 6 percent increase in sector profit during the third quarter of 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q3 financial performance of Boeing (NYSE: BA), General Dynamics (NYS...
Vernon Saunders, an industry veteran and a two-time Wash100 awardee, has been appointed senior vice president of the national intelligence community unit at Science Applications International Corp. (NYSE: SAIC). He will report to Michael LaRouche, president of SAIC’s national security and space sector and a 2021 Wash100 Award recipient, the co...
Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, estimates 4 percent to 7 percent growth in overall second quarter sales among defense primes. His analysis of contractor Q2 results covered Boeing (NYSE: BA), BAE Systems, General Dynamics (NYSE: GD), Huntington Ingalls Industries (NYSE: HII), L3Harris Technologies (NY...
Leidos Reports $3.4B in Q2 Revenue; HII’s Andy Green Comments on Alion Acquisition; Executive Spotlights With CACI CEO John Mengucci, GovCon Expert Reggie Brothers; Ann Durkin to Give GovCon Wire Events Keynote on Sept. 1st Click to Unmute...
Austal USA, Epsilon Systems Solutions and Continental Maritime of San Diego have secured positions on a 19-month, $344.7 million contract to sustain littoral combat ships for the U.S. Navy. The three shipyard operators will compete for delivery orders to perform sustainment work on LCS vessels homeported in San Diego, the Department of Defense said ...
The U.S. Navy has selected nine companies for a potential eight-year, $249.7 million contract to design, produce, install and test unmanned hardware and software platforms. Contractors will compete for task orders to provide the military branch a range of technical support services for unmanned waterborne and underwater mine countermeasures systems,...
A Bloomberg Government report says the federal government’s total contract spending reached $682 billion in fiscal year 2020, a 14 percent increase from FY 2019 spending of $599 billion. BGOV said Thursday FY 2020 marks the fifth consecutive year of increase in contract spending and federal agencies primarily used $1.6 trillion in enacted FY 2020...
Andy Green, executive vice president and president of Technical Solutions at Huntington Ingalls Industries (HII), was presented his third Wash100 Award by Jim Garrettson, CEO of Executive Mosaic and founder of the Wash100 Award, during a recent visit to HII headquarters. For his 2021 Wash100 Award win, Green was recognized by Executive Mosaic for hi...
General Dynamics’ (NYSE: GD) Electric Boat subsidiary has received a potential $2.42 billion contract modification from the U.S. Navy to build one Block V Virginia-class submarine equipped with Virginia Payload Module. Electric Boat will continue to work with Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division on th...
The U.S. Navy has awarded 11 companies positions on a potential six-year, $778.9 million contract to provide engineering and technical services in support of the modernization of the service’s hull, mechanical and electrical systems. The Naval Surface Warfare Center Philadelphia Division received 11 offers for the multiple-award, indefinite-delive...
