Tag Archives: defense spending

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 …

The Trump administration revealed its budget Tuesday, which would add almost half a trillion dollars to defense spending while cutting $1.5 trillion from nondefense spending and $1.4 trillion in Medicaid over the course of a decade. Trump’s plan, titled “A New Foundation for American Greatness,” leaves Medicare and the retirement portion of  Social …

TYSONS CORNER, VA, May 12, 2017 — James Reagan, chief financial officer of Leidos (NYSE: LDOS), has expressed a positive outlook regarding federal spending following the approval of the $1 trillion fiscal 2017 omnibus budget, which includes a $21 billion increase for defense, ExecutiveBiz reported Thursday. “Where we see the money in …

Executive Mosaic’s GovCon Index posted a 0.971-percent gain Friday to close above 90 points for the first time in two months as Cubic Corp. (NYSE: CUB) topped GCI among both net and percentage performers. Cubic had a 52-week high following a seven-percent increase in first-quarter sales compared to the same period last year, which …