Tag Archives: featured

Northrop Posts 3% Profit Decline for 2015 on Lower Sales, Stock Buybacks Lift Year’s Earnings Past Street’s Outlook

Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs. Net earnings for 2015 …

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Raytheon Forecasts Higher Sales, Earnings in 2016 as 2015 & 4Q Profit Beat Street Estimate

Raytheon (NYSE: RTN) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $7.12 per share for its full 2015 fiscal year and $1.93 for the fourth quarter to exceed Wall Street’s expectations on both counts. The Waltham, Mass.-based defense technology contractor also posted …

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L-3 Reports Net Loss for 4Q, FY 2015 on Services Segment Writedown & Sale

L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting. The New York City-based defense electronics manufacturer agreed …

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Navy Awards 8 Spots on $809M NAVSUP Business Systems Center Support IDIQ

The U.S. Navy has awarded positions on a potential four-year, $809 million contract to eight companies to provide process management and data support services for the Naval Supply Systems Command Business Systems Center. The service branch awarded the multiple-award, indefinite-delivery/indefinite-quantity contract through a competitive procurement with 15 proposals received, the Defense Department …

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Rolls-Royce Receives $154M Air Force C-130J Spare Engines, Sustainment Contracts

Rolls-Royce has received $154 million in contracts from the U.S. Air Force to produce spare engines and sustain the propulsion system of the Lockheed Martin-built (NYSE: LMT) C-130J aircraft. Rolls-Royce will complete the production of AE 2100 engines for the Air Force and Saudi Arabia under a $77.9 million foreign military sales …

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General Dynamics Gets $171M Army Stryker Weapon System Simulator Contract

General Dynamics’ (NYSE: GD) land systems business unit has won a $170.7 million contract to produce a simulator for the Raytheon-built (NYSE: RTN) weapon system onboard Stryker vehicles. The U.S. Army awarded the cost-plus-fixed-fee contract following an Internet-based solicitation and will determine the funding with each order, the Defense Department said …

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Air Force Picks 6 for $538M Battle Mgmt, C2 Systems Integration IDIQ

Six companies have won spots on a potential seven-year, $538 million contract to engineer and integrate battle management and command-and-control systems for the U.S. Air Force. The Air Force received 10 offers for its Platform for Engineering and Integration of Tactical and Strategic Systems contract through a competitive process and has obligated …

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January 27 Market Close: Boeing, Booz Allen, Textron Declines Drag GovCon Index Below 70 to 3-Month Low

The GovCon Index plunged 2.438 percent to 69.664 in its first close below the 70-point mark for the first time in almost four months to keep the 30-company listing in a correction, or at least 10 percent down from its most recent high. Boeing (NYSE: BA) — also a Dow …

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General Dynamics Posts 22% Profit Bump for 2015 as 4Q, Full-Year Earnings Exceed Street’s Outlook

General Dynamics (NYSE: GD) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported an increase of around 22 percent in both earnings per share and profit for its 2015 fiscal year compared to 2014 results. The Falls Church, Va.-based defense contractor stated $9.08 earnings per …

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Booz Allen 3Q Earnings Inch Past Street Forecast; Firm Narrows FY 2016 Guidance

Booz Allen Hamilton (NYSE: BAH) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of 41 cents per share for the third quarter of its 2016 fiscal year to top the consensus analyst forecast by 1 cent. The McLean, Va.-based consulting services contractor narrowed …

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