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Report: General Dynamics Posts 13% Increase in Q3 Mission Systems Segment Revenue

McAleese & Associates has provided an overview of General Dynamics’ (NYSE: GD) financial results in the third quarter of 2018. The Falls Church, Va.-based defense contractor’s mission systems sector reported a 13 percent increase in Q3 sales with an operating margin of 14.6 percent, reflecting an 18 percent growth in …

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McAleese & Associates: HII Reports 10% Growth in Year-to-Date Sales

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

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Engility Sets Record Q3 Book-to-Bill Ratio; Lynn Dugle Quoted

Engility (NYSE: EGL) reported a record book-to-bill ratio of 2.4x at $1.1B in net bookings and posted a revenue of $471M in the third quarter of 2018. The company said Wednesday those net bookings included contract awards worth approximately $550M within the intelligence segment; $320M within the space sector; and …

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McAleese & Associates: Raytheon Reports 25% Rise in Q3 2018 Bookings

A report by consulting firm McAleese & Associates says Raytheon (NYSE: RTN) posted $8.7B in bookings during the third quarter of 2018, reflecting a 25 percent increase from the same period last year. Raytheon associated the increase with the integrated defense systems sector’s $1.3B Patriot missile defense system order from Poland and $787M …

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McAleese & Associates: Northrop COO Kathy Warden’s Defense Program ‘Watchlist’ Includes GBSD, OPIR

Consulting firm McAleese & Associates has released a new report listing several defense programs under the “watchlist” of Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC). Jim McAleese, founder and principal at McAleese & Associates, said those include the U.S. Air Force’s Ground Based Strategic Deterrent competition, Overhead …

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McAleese & Associates: Boeing ‘Self-Funds’ R&D Work on Some Defense Programs

A new report by consulting firm McAleese & Associates says Boeing (NYSE: BA) has begun to “self-fund” research and development work on some Defense Department programs as it aims to win new contract opportunities. Jim McAleese, founder and principal at McAleese & Associates, wrote that one of those opportunities is the U.S. Air Force’s …

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Iridium Reports 17% Increase in Q3 2018 Revenue; Matt Desch Quoted

Iridium Communications (Nasdaq: IRDM) posted $136M in revenue for the third quarter of 2018, up 17 percent from the prior year period. The company said Thursday the total number of subscribers grew to 1.09M in Q3 2018, reflecting a year-over-year increase of 15 percent associated with the rise in government …

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CACI Reports 2.6% Revenue Hike, $5.2B in Contract Wins for FY 2018; Ken Asbury Quoted

CACI International (NYSE: CACI) posted $4.46 billion in revenue for the full fiscal year 2018 that ended June 30, up 2.6 percent from $4.35 billion in FY 2017. The company said Wednesday it recorded a net income of $301.2 million for fiscal 2018 and $340.7 million in FY 2018 operating …

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Perspecta Records 17% Revenue Increase for Q1 FY 2019; Mac Curtis Quoted

Perspecta (NYSE: PRSP) reported $793 million in revenue for the first quarter of fiscal 2019 that ended June 30, reflecting a 17 percent increase from the prior year period. The company said Tuesday its Q1 2019 pro-forma revenue rose 2 percent to $1.04 billion compared with the same period in …

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Vectrus Reports 24% Rise in Q2 2018 Revenue; Chuck Prow Comments

Vectrus (NYSE: VEC) recorded $321 million in revenue for the second quarter of fiscal 2018, up 24 percent from the same period last year. Chuck Prow, Vectrus president and CEO, said in a statement published Tuesday the revenue increase can be associated with the company’s acquisition of SENTEL and 12 …

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