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Tag Archives: defense spending

Report: Engility In Talks With CACI, SAIC Over Potential Sale

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. …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

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 …

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Kevin Phillips: ManTech Eyes IT Capability Expansion Via Targeted Acquisitions

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 …

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Deloitte: Global A&D Revenues Reached $674B in 2016; Robin Lineberger Comments

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 …

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Trump’s Budget Proposal Adds Half Trillion to Defense Spending, to Balance in 10 Years

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 …

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Leidos’ James Reagan Sees Positive Outlook for Federal Spending After Budget Passed

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 …

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February 13 Morning Report: GovCon Index Records Friday, Weekly Gains as US Markets Anticipate New Tax Rules

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 …

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Fitch Expects 3-5% Increase in Addressable Global Defense Market Over Next 3 Years

Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense …

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Fitch Forecasts 4-Year Increase in DoD Budget, Defense Spending After Trump Win

Credit rating agency Fitch Ratings expects the Defense Department‘s budget and overall defense spending to increase in the next four years on Donald Trump’s election as president with the cybersecurity environment and U.S. Navy as key potential beneficiaries. Fitch said Wednesday it improved its credit view of the U.S. defense sector on top of its pre-election forecast of …

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Leidos’ Roger Krone Discusses Change in US Leadership and its Potential Impact on Defense Spending

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country’s defense and security of its citizens. Krone made the comment in response to a question on …

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