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Tag Archives: financial report

Bob Kipps: Large GovCon Players Return to Organic Growth in Year of ‘Non-Traditional’ M&A Buyers

For the government technology services sector, the third quarter was strong and a step up from the prior years’ flat or shrinking activity throughout the industry, according to Bob Kipps, managing director at Tysons Corner-based aerospace and defense investment bank KippsDeSanto & Co. “Operationally, 2016 has been the year where the ‘rubber …

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October 25 Market Close: GovCon Index Ends 2-Week Stay Below 80; Lockheed Posts Best Day in 7 Years on Upbeat Guidance

Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers. GovCon Index …

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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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Lockheed’s Revised 2016 Outlook Post-Leidos Deal Tops Street Consensus

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index– and S&P 500-listed Lockheed sees earnings of $12.10 per share and $46.5 billion in revenue for …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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October 24 Morning Report: GovCon Index Posts 4th Consecutive Weekly Loss

Executive Mosaic’s GovCon Index closed Friday with a 0.364-percent or 0.289-point decline to 79.147 as laggers outnumbered advancers and ended the five-day trading period with its fourth straight weekly loss. Honeywell International (NYSE: HON) was the GCI’s lone S&P 500-listed stock to post a gain on its third-quarter earnings and revenue and was the second-best net gainer …

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Rockwell Collins Posts 4Q Earnings Beat w/ 13% Govt Sales Bump, Inks $6.4B Deal to Purchase B/E Aerospace

Rockwell Collins (NYSE: COL) reported fourth quarter and full fiscal year 2016 earnings figures above Wall Street’s expectations Sunday as the avionics company embarks on its largest-ever acquisition. GovCon Index-listed Rockwell Collins said July-September earnings were $1.58 per share versus analyst forecasts of $1.57 while full-year EPS totaled $5.51 to exceed the …

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October 21 Market Close: GovCon Index Down, Posts 4th Straight Weekly Loss

Executive Mosaic’s GovCon Index held lower Friday as large-cap primes fell to offset a jump by Honeywell International (NYSE: HON) on that company’s in-line third quarter earnings as the GCI ended at its fourth straight weekly loss. GovCon Index laggers outnumbered advancers 2-to-1 in Friday trade and Honeywell was the GCI’s lone S&P 500-listed stock of …

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Honeywell 3Q Earnings Meet Street Outlook, Revenue Tops Analyst Forecasts Despite Aerospace Sales Decline

Honeywell International (NYSE: HON) reported third quarter earnings that met analysts’ forecasts with revenue above Wall Street’s outlook before markets opened Friday nearly a week after the industrial conglomerate lowered full-year financial guidance in part on declines in its aerospace division. The GovCon Index– and S&P 500-listed company posted earnings of $1.67 per share …

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October 20 Market Close: GovCon Index Shows Small Decline for 2nd Straight Day, Textron Jumps as HII & Primes Weigh

Executive Mosaic’s GovCon Index closed slightly down for a second consecutive session Thursday as notable gains by Textron (NYSE: TXT) after third quarter earnings and CACI International (NYSE: CACI) were offset by declines in Huntington Ingalls Industries (NYSE: HII) and other large prime contractors. GovCon Index laggers outnumbered advancers at a 3-to-1 ratio …

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