Tag Archives: backlog

KBR (NYSE: KBR) has finalized its portfolio review and is consolidating its three business segments into two segments - technology solutions and government solutions - as part of a restructuring effort.

Maxar Technologies (NYSE: MAXR) reorganized its business into three segments - space infrastructure, Earth intelligence and MDA – in 2019 in an effort to streamline its operating structure and position the company for future growth, Inside Defense reported Tuesday.

Kevin Phillips, president and CEO of ManTech International (Nasdaq: MANT) and a 2020 Wash100 award winner, said new business accounts for about 50 percent of the $2.9B in contract awards recorded in full fiscal year 2019 as the company continues to build on the government’s demand for digital transformation and cybersecurity technologies, the Washington Business Journal reported Friday.

DynCorp International posted a record backlog of $6.9B during the third quarter of 2019, driven by multiple new contract wins. “A successful year starts with winning new business and I am especially pleased with all of our wins this year,” George Krivo, DynCorp CEO and a 2019 Wash100 winner, said in a statement.

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its year-to-date backlog rise 22 percent to $65B in the third quarter of 2019 and posted $8.5B in Q3 sales, reflecting a 5 percent increase from the same period last year.

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) expects a potential $35B block buy contract to be awarded in the fourth quarter of 2019 for lots 12 through 14 of the F-35 fighter jet.

A new McAleese & Associates report says Huntington Ingalls Industries (NYSE: HII) saw its sales rise 8 percent to $2.2B, primarily driven by a 7 percent revenue growth at HII’s Newport News Shipbuilding division and a 38 percent sales increase at technical solutions segment.

A McAleese and Associates report says Raytheon (NYSE: RTN) recorded $9.5B in new orders during the second quarter of 2019 with a book-to-bill ratio of 1.3x.

A new report by consulting firm McAleese & Associates says General Dynamics recorded $9.6B in sales during the second quarter of 2019, up 4 percent from the prior year period.

Mercury Systems (Nasdaq: MRCY) has agreed to acquire Alpharetta, Ga.-based large area display technology developer American Panel Corp. for approximately $100M in a push to expand its avionics capabilities and C4I business.