Tag Archives: backlog

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.

A new McAleese & Associates report says Boeing’s (NYSE: BA) defense, space and security business reported $6.6B in sales for the second quarter of 2019, showing an 8 percent increase from the same period last year.

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its sales in the second quarter of 2019 rise 8 percent to $14.4B primarily driven by sales growth in the company’s missiles and fires control sector and space segment.

Parsons (NYSE: PSN) reported $904M in revenue for the first quarter of 2019, up 20 percent from the same period last year. The Pasadena, Calif.-based company said Tuesday it posted $1.2B in contract awards during the quarter with a total backlog of $8.6B and a book-to-bill ratio of 1.4x.

Science Applications International Corp. (NYSE: SAIC) saw its revenue for the first quarter of fiscal year 2020 increase 37 percent to $1.6B and recorded $178M in net cash provided by operating activities, up 102 percent from the prior-year period. SAIC said Thursday contract awards for Q1 FY 2020 reached $1.9B and net bookings hit $1.4B with a book-to-bill ratio of 0.9.