Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense market is worth approximately between...
GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months. San Diego-based Cubic said in October the DoD ...
Harris (NYSE: HRS) has received a potential three-year, $91 million contract from the U.S. Air Force to build electronic warfare systems for multiple foreign military sales customers. The Defense Department said Friday the contract covers the production of AN/ALQ-211(V)4/8/9 Advanced Integrated Defensive Electronic Warfare Suite...
November 14 – November 18, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson One of the country™s œBig Three credit rating agencies has bolstered its view of the government contracting sector™s prospects under incoming President Donald Trump and in particular d...
Credit rating agency Fitch Ratings expects the Defense Department‘s budget and overall defense spending to increase in the next four years on Donald Trump’s election as president with the cybersecurity environment and U.S. Navy as key potential beneficiaries. Fitch said Wednesday it improved its credit view ...
John Hamre, a former deputy secretary of defense and current president of the Center for Strategic and International Studies, has been elected to succeed the retiring Charles Robb as chairman of Mitre‘s board of trustees. Hamre also previously served as comptroller of the Defense Department, deputy assistant director for nationa...
TYSONS CORNER, VA, Oct. 27, 2016 ” A study conducted by Deloitte has found that the total cost overrun of major defense acquisition programs reached $468 billion in 2015 with a 48.3-percent growth from 2008’s $295 billion, ExecutiveBiz reported Tuesday. Deloitte said Monday the report found that there is a trend of cost growth and...
Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions from the company’...
The U.S. Navy has awarded BAE Systems Inc., the British contractor™s U.S. subsidiary, a potential $618.3 million contract for the full-rate production of precision laser-guided rocket systems. The indefinite-delivery/indefinite-quantity contract covers the supply of FRP lots 5 to 7 Advanced Precision Kill Weapon System II rounds to the Navy, Ma...
Leidos‘ (NYSE: LDOS) Abacus Innovations Australia subsidiary has secured an estimated $418.7 contract from Australia’s defense department to provide computer equipment and accessories as well as centralized processing services to the country’s chief information officer group, ARN reported Friday. Leon Spenc...
