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Tag Archives: financial report

SAIC Reports 37% Growth in Q1 FY 2020 Revenue; Nazzic Keene Quoted

Science Applications International Corp. (NYSE: SAIC) saw its revenue for the first quarter of fiscal year 2020 increase 37 percent to $1.6B and recorded $178M in net cash provided by operating activities, up 102 percent from the prior-year period. SAIC said Thursday contract awards for Q1 FY 2020 reached $1.9B and net bookings hit $1.4B with a book-to-bill ratio of 0.9.

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Wells Fargo Report: Investors Seek Additional Financial Data on Gov’t Services Sector

A report by Wells Fargo Securities says that while investors like to see the growth and visibility of the government services industry, they also want more information to help them differentiate private sector players holding large contracts. WFS analysts Ed Caso and Justin Donati noted in the report the nature …

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McAleese & Associates: Raytheon Reports 7% Growth in Q1 2019 Sales

A new McAleese and Associates report says Raytheon (NYSE: RTN) saw its sales climb 7 percent to $6.7B in the first quarter of 2019 with an earnings per share of $2.77. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the Waltham, Mass.-based defense …

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McAleese & Associates: Sales of Northrop Climbed 22% to $8.2B in Q1 2019

A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its sales rise 22 percent to $8.2B in the first quarter of 2019 and recorded a sector operating profit growth of 27 percent. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 winner, wrote the Falls Church, Va.-based …

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McAleese & Associates: Boeing’s Defense Business Posted $6.6B in Q1 2019 Sales

A new report by consulting firm McAleese & Associates says Boeing’s (NYSE: GD) defense, space and security business recorded $6.6B in sales for the first quarter of 2029, reflecting a 2 percent rise from the prior year period. Jim McAleese, founder and principal of McAleese & Associates and a 2019 Wash100 …

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McAleese & Associates: Lockheed Reports 23% Growth in Q1 2019 Sales

A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) saw its sales in the first quarter of 2019 climb 23 percent to $14.3B primarily driven by sales growth in the company’s aeronautics and missiles and fires control business units. Jim McAleese, founder and principal of McAleese & Associates …

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Iridium Records 12% Growth in Q1 2019 Revenue; Matt Desch Quoted

Iridium Communications (Nasdaq: IRDM) reported $133.7M in total revenue for the first quarter of 2019, up 12 percent from the same period last year. The company said Tuesday the total number of billable subscribers rose to 1.15M in Q1 2019, showing a year-over-year growth of 16 percent associated with the …

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SAIC Reports 5% Growth in Full FY 2019 Revenue, $14B in Total Backlog; Nazzic Keene Quoted

Science Applications International Corp. (NYSE: SAIC) saw its full fiscal year 2019 revenue grow 5 percent to $4.66B and ended the year with an estimated total backlog of $13.8B of which $2.8B was funded. SAIC said Thursday it recorded $220M in FY 2019 operating income with diluted earnings per share …

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McAleese and Associates: CFO Kenneth Possenriede on Lockheed’s 2019 Priorities

McAleese and Associates has released a report on Lockheed Martin’s (NYSE: LMT) 2019 priorities as discussed by Chief Financial Officer Kenneth Possenriede at a JP Morgan conference on Thursday. Some of the priorities mentioned include the F-35 fighter aircraft program; missiles and fire control sector; hypersonics; and the restart of …

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