Leidos Holdings‘ (NYSE: LDOS) impending merger with the information systems and global solutions segment of Lockheed Martin (NYSE: LMT) seeks to both diversify customer mix and lower risk to potential spending downturns in fewer market areas for the future combined company, Leidos CEO Roger Krone told investors at the New ...
Boeing (NYSE: BA) has received three delivery orders worth a combined $984.3 million to provide spare parts for the U.S. Navy‘s fleet of F/A-18 Super Hornet multirole fighter planes. The orders were awarded by the Defense Logistics Agency‘s aviation unit under a potential 10-year, sole-source acquisition contract with Boeing, the De...
Bravura Information Technology Systems has won a potential four-year, $305.7 million contract to support the U.S. Army‘s tethered aerostat-based system for intelligence, surveillance and reconnaissance missions. The Army Contracting Command received four bids for the Persistent Surveillance Systems-Tethered s...
The U.S. Air Force has asked industry to submit proposals for the Ground-Based Strategic Deterrent intercontinentinal ballistic missile program and Long Range Standoff nuclear cruise missile system. The service branch said Friday it plans to award up to two contracts for the GBSD ICBM program in the fourth quarter of fiscal year 2017 and expect...
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 ...
Lockheed Martin (NYSE: LMT) has secured a $67.6 million contract to engineer, manufacture and deliver automatic radar periscope detection and discrimination multi-mode radar kits to the U.S. Navy. The Defense Department said Thursday Lockheed’s mission systems and training business unit will produce up to 103 AN/APS-153(V)1...
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...
Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a rea...
ManTech International (Nasdaq: MANT) reported second quarter earnings Wednesday that topped the consensus analyst estimate in part on task order awards for cybersecurity support services to federal agencies. GovCon Index-listed ManTech said second quarter earnings came in at 39 cents per share versus Wall Street’s forecast of 35 ce...
Executive Mosaic’s GovCon Index advanced against choppy activity in the larger U.S. stock market Wednesday as five GCI stocks released quarterly financial results before the opening bell. The GovCon Index gained 0.223 points to 82.374 and four of the GCI’s 11 S&P 500-listed stocks moved higher as th...
