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Tag Archives: earnings call

Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

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CSRA to Buy IT Firm NES Associates; David Keffer, Larry Prior Comment

CSRA (NYSE: CSRA) has agreed to purchase Alexandria, Virginia-based information technology services contractor NES Associates for an undisclosed amount. David Keffer, chief financial officer of CSRA, said Wednesday that the pending acquisition is in line with the Falls Church,Virginia-based company’s “long-term approach to capital allocation, as our balance sheet continues to evolve.” “After aggressively …

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April 25 Morning Report: GovCon Index Posts Positive Week Ahead of 1Q Earnings Reports

The GovCon Index ended the Friday trading session with a gain of 0.387 points to 76.369 to close its second consecutive week in positive territory. Eleven GCI-listed companies, including the five largest government and defense contractors in the U.S., will report first-quarter earnings this week. The schedule is as follows: Tuesday: Lockheed Martin (NYSE: LMT) …

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Level 3 Buy of TW Telecom Set for Nov. 5 Closure

Level 3 Communications (NYSE: LVLT) and tw telecom (NASDAQ: TWTC) shareholders have voted to move forward with Level 3’s acquisition of tw telecom,  which the companies expect to close before an earnings call next week. Level 3 said Tuesday the majority has also agreed on the allocation of common stock to tw telecom stockholders and to …

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