Cubic Corp. (NYSE: CUB) cut its full-year earnings outlook in fiscal third quarter financial results released Wednesday as the defense and transportation contractor expects increases to interest and financing costs on a new credit facility, tax expenses and a partial pension settlement plan in the fourth quarter. San Diego-based Cubic expe...
The Missile Defense Agency has awarded Raytheon (NYSE: RTN) a $524 million contract option to produce, test and deliver up to 52 Standard Missile-3 Block IB weapon systems to MDA. It represents the first of three option years under a potential $2.3 billion contract modification announced on Dec. 18 last year, the Defense Department sa...
July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors™ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven ...
Northrop Grumman (NYSE: NOC) has received a potential $164 million contract modification to provide one E-2D Advanced Hawkeye configured aircraft to Japan under the foreign military sales program. The Defense Department said Thursday Northrop’s military aircraft systems business will perform work through March 2018 at various locat...
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 ou...
July 18 – July 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial results that ...
VSE Corp. (Nasdaq:VSEC) has received a potential 16-month, $74 million delivery order under a foreign military sales Naval Ship Transfer and Repair contract for services to reactivate decommissioned U.S. Navy ships that will be transferred to Taiwan’s military. Alexandria, Virginia-based said Thursday it will mana...
The State Department has approved Japan™s request to procure Standard Missile-2 Block IIIB missiles and related support from the U.S. government under a potential $821 million foreign military sales agreement. Raytheon (NYSE: RTN) and BAE Systems‘ U.S. subsidiary will serve as principal contractors for the FMS sale that covers 2...
A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed t...
TYSONS CORNER, VA, July 19, 2016 ” Lockheed Martin‘s (NYSE: LMT) Systems Made Simple subsidiary has received recognition from the Association of Management Consulting Firms for the company’s support for the Department of Veterans Affairs‘ My HealtheVet sustainment program, GovCon Executive reported Thursday. Systems ...
