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...
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...
GovCon Index– and S&P 500-listed defense contractors Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) lifted full-year earnings per share and revenue guidance before markets opened Thursday with third quarter EPS above Wall Street’s expectations for both companies. Raytheon showed a year-over-year revenue increase for the thir...
An OSI Systems subsidiary has received a pair of contracts worth up to $140 million combined from the Customs and Border Protection agency for the supply of cargo and vehicle screening systems. OSI said Monday one potential two year, $64 million contract for American Science and Engineering cove...
For the government technology services sector, the third quarter was strong and a step up from the prior years™ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto & Co. “Operationally, 2016 has been the year w...
Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers. GovCon Index lag...
TYSONS CORNER, VA, Oct. 25, 2016 ” Harris (NYSE: HRS) has received a four-year, $55 million contract to provide sustainment services for an electronic warfare system that works to protect the U.S. Air Force‘s B-52 strategic bombers and C-130 military transport aircraft from radar-guided threats, ExecutiveBiz reported Monday. The...
Rockwell Collins (NYSE: COL) reported fourth quarter and full fiscal year 2016 earnings figures above Wall Street’s expectations Sunday as the avionics company embarks on its largest-ever acquisition. GovCon Index-listed Rockwell Collins said July-September earnings were $1.58 per share versus analyst forecasts of $1.57 while full-ye...
Battelle has won positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $182 million combined to support the Federal Highway Administration‘s highway operations, traffic management and road safety programs. The nonprofit can bid on projects that cover connected vehicles research, work zones, co...
Raytheon (NYSE: RTN) has awarded Rockwell Collins (NYSE: COL) a potential six-year, $67 million contract to develop, test and produce communication and navigation subsystems for the U.S. Navy™s Joint Precision Approach and Landing System. The contract with Raytheon also covers systems engineering and logistics services in support...
