Tag Archives: defense spending

President Donald Trump on Friday signed into law a $2.7T budget deal that would raise the government’s borrowing limit and increase federal spending over two years, Federal Times reported Friday.

A new PwC report says the U.S. aerospace and defense industry recorded $244B in 2018 sales and was the A&D exports leader last year with $132B in revenue.

The White House and Congress have reached a deal that would suspend the debt limit until the end of July 2021 and raise federal spending over two years, The Wall Street Journal reported Monday. The two-year budget deal worth more than $2.7T would increase federal spending by about $320B over a couple of years above budget caps set in the Budget Control Act of 2011.

Major defense primes General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) did not experience “notable” impacts from the 35-day partial government shutdown, Wells Fargo Securities reported Friday. The investment bank added that Booz Allen Hamilton (NYSE: BAH) projected a March quarter impact of nearly $20M in revenue, while …

A new McAleese & Associates report says several government and military leaders discussed some of the Pentagon’s technology priorities at the Reagan National Defense Forum in California. Ellen Lord, defense undersecretary for acquisition and sustainment, talked about cybersecurity and the need for strong cyber defenses to counter threats posed by China, including …

Susanna Blume, a senior fellow in the defense program at the Center for a New American Security, has said U.S. defense spending is likely to drop if Republicans retain control of the Senate and Democrats win a House majority in the midterm elections. Blume wrote in an article published Monday …

Engility (NYSE: EGL) is reportedly in talks with defense contractors such as Science Applications International Corp. (NYSE: SAIC) and CACI International (NYSE: CACI) as it considers putting itself up for sale, Reuters reported Thursday. Sources told Reuters that discussions are still in the early stages and may not result in a transaction. …

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

Kevin Phillips, CEO of ManTech International (Nasdaq: MANT), has said the company plans to grow its key capabilities through targeted acquisitions that would help support key clients and venture into emerging information technology areas, Inside Defense reported Friday. “We made a conscious decision over the last four or five years that …

TYSONS CORNER, VA, June 21, 2017 — Deloitte has said in a new report that revenue in the global aerospace and defense sector grew 2.4 percent to reach $674.4 billion in 2016 led by the European commercial and U.S. defense subsectors, ExecutiveBiz reported Friday. The company said Thursday revenue for the global defense subsector …