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,...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based ae...
Raytheon (NYSE: RTN) has received a potential $104 million contract to provide maintenance and operations support for the U.S. Navy™s Relocatable Over-the-Horizon Radar system. ROTHR is a surveillance radar system designed to detect and track aircraft and ships at long ranges over a coverage area of 2.5 million square miles, the ...
The GovCon Index followed the larger market forces of oil declines and concerns over corporate earnings reports Monday with a decline of 0.401 points to 75.968 on the first day of April 2016’s last trading week. As covered in our Friday market close report, 11 GCI-listed companies will release their latest quarterly financial stateme...
TYSONS CORNER, VA, April 25, 2016 ” QTS Realty Trust (NYSE: QTS) and Virtustream have entered into a cloud hosting partnership in which QTS data centers in Texas and Virginia will support Virtustream cloud platforms, ExecutiveBiz reported Friday. QTS said Thursday its controls and processes will work to help Virtustream...
