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...
Eight companies have received contract modifications worth $2.4 billion combined to provide prototype development, sustainment and production support services to the Department of the Air Force. Work will occur in New Jersey, California, Virginia, Utah, Pennsylvania and Iowa through Jan. 9, 2028, the Department of Defense said Wednesday. The modific...
A proposed $1.75 trillion social safety net spending and climate change bill known as the Build Back Better Act includes language that would require a 1 percent tax on stock repurchases, a provision that could have a potential impact on defense companies, Defense One reported Friday. The Build Back Better framework seeks to “stop large,...
IDEMIA Identity & Security North America has named Lisa Sullivan as senior vice president of travel and transport and named Lisa Shoemaker as VP of government relations. The biometrics technology provider said Thursday it made the appointments in a move to grow work in the transportation sector and its presence inside the Beltway. Sullivan, a...
Douglas Harvey, a more than 20-year engineering operational management executive, has joined IDEMIA as chief technology officer of Identity and Security North America. He will help accelerate product innovation and design, work with technology teams to drive the adoption of digital engineering processes, advance the use of modern iterative developme...
Vertex Aerospace has agreed to acquire Raytheon Technologies’ (NYSE: RTX) defense training and mission critical solutions business for an undisclosed sum to expand its product and service offerings for government, defense and commercial clients. Ed Boyington, president and CEO of Vertex, said in a statement published Friday he looks forward to wel...
Government contractors came from private companies that manufacture goods and services for government establishments. This group of people is like government organizations that come in different shapes and sizes. A group of government contracting companies is hired by the government when their contracts win through bidding. U.S Government contracts ...
The U.S. Air Force has named 55 awardees on a potential 11-year, $46 billion contract to perform work related to model-based systems engineering, weapons and enterprise analytics, digital engineering, Agile processes and open systems architecture. The Air Force Life Cycle Management Center at Eglin Air Force Base in Florida received 58 offers for th...
The U.S. subsidiary of CAE (NYSE: CAE) has purchased a minority interest in a SkyWarrior business that primarily offers flight training services to the military sector. Pensacola, Florida-based SkyWarrior currently supports the Naval Introductory Flight Evaluation program for student aviators at the U.S. Navy and Marine Corps, CAE said Tuesday. Dan ...
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...
