Tag Archives: Defense Contracting

Raytheon Secures Army Contract

According to the Department of Defense, “Raytheon (NYSE: RTN) was awarded a $25, 471, 855 firm-fixed-price contract.  The award will provide for the Foreign Military Sale of driver’s vision enhancer and commander vision enhancer for the Saudi Arabian National Guard.  Work will be performed in Dallas, Texas, with an estimated …

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L-3 Picks Up Defense Deal

According to the Department of Defense, “L-3 (NYSE: LLL) is being awarded an $8, 774, 586 modification to a previously award cost-plus-fixed-fee contract (N00421-11-C-0012) to exercise an option for engineering and technical services in support of the Naval Air Warfare Center Aircraft Division’s Special Communications Requirements Division.  Services will support …

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Ball Corp. Reports on Strong Financial Picture

Ball Corp. (NYSE: BLL) reported first quarter net earnings of $91.3 million, up from $79.3 million in the first quarter of 2010. “Momentum from our strong results in 2010 continues into 2011 as we leverage our considerable strengths to grow with our customers in both mature and emerging markets, ” …

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Boeing Off to ‘Good Start’ Financially in 2011, McNerney Says

Boeing (NYSE: BA) reported first-quarter  revenue of $14.9 billion in the firm’s latest financial report. According to the firm, “operating margin of 6.7 percent reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense.” “We’re off to a good start in an important year …

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More Ammo Orders for ATK

ATK (NYSE: ATK) booked over $16 million in non-NATO ammunition orders through a multi-year contract with the U.S. Army Contracting Command in Rock Island, Ill. According to the firm, “orders on the multi-year contract have totaled more than $177 million since it was awarded to ATK in December 2008.” “International …

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L-3, Lockheed Martin Secure Navy Deals

According to the Department of Defense, “L-3 Communications (NYSE: LLL) is being awarded an $84, 490, 492 not-to-exceed modification to a previously awarded indefinite-delivery/ indefinite-quantity multiple award contract (N00019-05-D-0008) for the continued airframe sustainment support necessary for the performance of phase depot maintenance, special structural inspections, special structural inspection kits …

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Northrop Grumman’s Wes Bush Comments on ‘Very Productive’ Quarter

Northrop Grumman (NYSE: NOC) first quarter 2011 results earnings from continuing operations increase to $496 million, up from $410 million in the first quarter last year. First quarter 2011 sales totaled $6.7 billion compared with $6.9 billion in the prior year period. “This was a very productive quarter, ” CEO …

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Financial News from Wyle

Wyle anticipates posting its financial report for the first quarter of 2011 to its restricted data site on May 25. According to the firm, “in the first quarter of 2011, Wyle expects to report revenue between $280 million and $285 million, adjusted EBITDA between $21.6 million and $21.8 million, cash …

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ManTech Sees Gains in Financial Report; George Pedersen Comments

ManTech (NASDAQ:MANT) announced its financial results for the first quarter of 2011, ending March 31. The firm reported quarter revenue of $700.9 million, a 19 percent jump from the same period in 2010. “Our solid execution in the first quarter and the completion of the 2011 appropriations process give us …

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