Tag Archives: defense spending

Leidos CEO Roger Krone Sees Momentum in 2020 After Series of Contract Wins, Acquisition Deals

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a 2020 Wash100 award winner, said during an interview on CNBC’s "Squawk Alley" program aired Tuesday that significant government contracts and major acquisitions will support momentum for the Reston, Va.-based company this year. Shares in Leidos gained 10 percent in midday trade Tuesday.

Read More »

Congress, White House Strike Two-Year Deal on Spending, Debt Ceiling

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.

Read More »

Defense Firms Report Impact of Gov’t Shutdown, Expect Military Funding Increase for Fiscal 2020

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 …

Read More »

McAleese & Associates: Military, Gov’t Leaders Discuss Defense Tech Priorities at Reagan Forum

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 …

Read More »

CNAS’ Susanna Blume Assesses Possible Return to Sequestration

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 …

Read More »

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. …

Read More »