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Tag Archives: backlog

SAIC Reports 3% Rise in Q3 FY 2019 Revenue; Tony Moraco Quoted

Tony Moraco, CEO of Science Applications International Corp. (NYSE: SAIC), has said the company’s fiscal 2019 third-quarter results reflect its continued focus to deliver robust performance across its contract portfolio. SAIC said Thursday it closed the quarter with $1.2B in revenue, a 2.8 percent or $32M increase from the same …

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McAleese & Associates: HII Reports 10% Growth in Year-to-Date Sales

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

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McAleese & Associates: Boeing ‘Self-Funds’ R&D Work on Some Defense Programs

A new report by consulting firm McAleese & Associates says Boeing (NYSE: BA) has begun to “self-fund” research and development work on some Defense Department programs as it aims to win new contract opportunities. Jim McAleese, founder and principal at McAleese & Associates, wrote that one of those opportunities is the U.S. Air Force’s …

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Kathy Warden: Northrop to Merge Two Tech Services Business Areas Into One Entity

Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC), has said the company will begin in 2019 to consolidate into a single unit its system modernization and advanced defense services areas that operate under its technology services business. Warden, a three-time Wash100 recipient, told analysts Wednesday during the company’s earnings …

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Northrop Reports 10% Rise in Q2 2018 Sales; Wes Bush Comments

Northrop Grumman (NYSE: NOC) posted $7.1 billion in sales for the second quarter of fiscal 2018, up 10 percent from the same period last year. The company said Monday it recorded $689 million in Q2 net earnings, showing a 24 percent increase from the prior year period, and saw its backlog …

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Raytheon Records 5.5% Increase in Net Sales, $8.7B in Bookings for Q2 2018

Raytheon (NYSE: RTN) recorded $6.6 billion in net sales for the second quarter of fiscal 2018, reflecting a 5.5 percent increase from the same period last year. The company said Thursday it logged $8.7 billion in Q2 bookings and $1.2 billion in operating cash flow related to second-quarter continuing operations. The …

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AECOM Subsidiary Concludes Transition on $3.6B USAF Range Services Contract; John Vollmer Comments

AECOM’s (NYSE: ACM) URS Federal Services subsidiary has wrapped up the transition phase for a potential 16-year, $3.6 billion contract that covers range support services to the U.S. Air Force. URS Federal Services completed the transition after the service branch addressed a protest that delayed commencement of contract work, AECOM said Thursday. John Vollmer, …

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Booz Allen Boosts Earnings & Revenue Outlooks on 2Q Beat, Headcount Increase

GovCon Index-listed contractor Booz Allen Hamilton (NYSE: BAH) lifted full fiscal year earnings and revenue guidance Wednesday as the government consulting and engineering services contractor also raised employee headcount during the second fiscal quarter ended Sept. 30. McLean, Virginia-based Booz Allen now expects $1.68-$1.75 earnings per share versus the previous $1.65-$1.75 range …

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Raytheon 4Q Revenue Up 5%, Profit Jumps 10%

Raytheon (NYSE: RTN) has announced financial results for the fourth quarter and full 2014 fiscal year ended Dec. 31, 2014. The Waltham, Mass.-based defense technology maker posted a 4.7-percent increase in revenue to $6.14 billion from the prior year period and a 9.9-percent growth in revenue to $586 million from …

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Huntington Ingalls 3Q 2014 Revenue Up 5%; Mike Petters Comments

Huntington Ingalls Industries (NYSE: HII) has announced financial results for the third quarter of its 2014 fiscal year ended Sept. 30, 2014. The submarine and ship manufacturer posted a 4.9-percent revenue increase to $1.72 billion from the same period in 2013 and booked $400 million in new contract awards for …

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