Fairfax, Virginia-based government services contractor ManTech International (NASDAQ: MANT) exceeded the consensus analyst estimate for first quarter earnings and revenue, while Arlington-headquartered CACI International (NYSE: CACI) missed Wall Street’s sales outlook for its fiscal third quarter. Both companies a...
TYSONS CORNER, VA, April 27, 2016 ” Lockheed Martin‘s (NYSE: LMT) mission systems and training business will provide logistics, maintenance and support services for an estimated 400 Consolidated Automated Support System stations under a $21.9 million U.S. Navy contract, ExecutiveBiz reported Tuesday. The Defense Department ...
The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told investors Tuesday. ...
Robert Hahn, formerly vice president of citizen and defense services at Serco Group‘s subsidiary in North America, has been named president of government solutions at LexisNexis™ Reed Technology and Information Services subsidiary. Hahn will work to provide strategic direction for Reed Tech and help the company expand its business with th...
Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one fo...
Science Applications International Corp. (NYSE: SAIC), Herdt Consulting and PSI Pax have been selected to compete for business process and data support orders from the U.S. Navy under a potential five-year, $809.5 million indefinite-delivery/indefinite-quantity contract. The Defense Department said Tuesday the contract incl...
An affiliate of New York-based J.F. Lehman & Co. has closed its acquisition of API Technologies (Nasdaq: ATNY) for approximately $111 million. Trading of API™s common stock on Nasdaq ceased Friday afternoon upon completion of the purchase and API shareholders will get a cash payment of $2 per share of common stock under the terms of...
The GovCon Index outpaced narrow activity in U.S. financial markets Tuesday with a sharp gain of 1.258 percent to 76.924 Tuesday on Lockheed Martin‘s (NYSE: LMT) lift of its full-year earnings and revenue outlook and subsequent positive swings by many prime aerospace and defense contractors. Lockheed led all net change gain...
Lockheed Martin (NYSE: LMT) has one pending regulatory review remaining in the U.K. over the merger of its information systems and global solutions business with Leidos Holdings (NYSE: LDOS) ahead of the deal’s intended closure in either the third or fourth quarter, Lockheed CEO Marillyn Hewson told investors Tuesday. Both compa...
TYSONS CORNER, VA, April 26, 2016 ” Susan Lawrence, senior vice president for defense at Booz Allen Hamilton (NYSE: BAH), has said that acquisition lessons learned from her current job in industry can be applied to her previous work with the military, Executive Gov reported Friday. Signal Magazine reported Thursday that Lawrence,...
