Tag Archives: government services

Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase

Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

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Leidos Boosts Full-Year Guidance on 3Q Earnings Beat, Huntington Ingalls Misses Street’s Estimates

GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised full-year guidance for both earnings per share and revenue as third quarter EPS exceeded the …

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Huntington Ingalls to Buy Camber for $380M to Add IT, Govt Services Market Footprints

Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other larger defense prime contractors …

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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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September 22 Market Close: GovCon Index Extends Post-Fed Rate Decision Gains, KBR Joins GCI After Govt Services Acquisitions

Executive Mosaic’s GovCon Index rose for a second straight session Thursday to extend gains on the Federal Reserve‘s Wednesday decision to leave interest rates unchanged on a mix of contributions from large defense platform makers and services-oriented contractors. Thursday also represented the GovCon Index’s first day of activity with KBR (NYSE: KBR) …

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SAIC CEO: GovCon Services Consolidation to Continue, ‘Time-To-Market’ Key in Bids

Science Applications International Corp.’s (NYSE: SAIC) chief executive told investors Thursday he expects consolidation among government services contractors to continue as companies continue to pursue portfolio reshaping initiatives. SAIC itself was a player in the GovCon services consolidation wave through the $790 million acquisition of Scitor announced in March 2015 nearly five months …

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August 16 Market Close: GovCon Index Down, Lockheed in Steep Red & Leidos Up After Deal’s Closure

Executive Mosaic’s GovCon Index dropped at least one full net point Tuesday for the first time since June 24 on a sharp drop in Lockheed Martin (NYSE: LMT) shares upon the defense contractor’s completion of the spinoff and subsequent merger of its government and technical services business into Leidos Holdings (NYSE: LDOS). Lockheed was the GCI’s …

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Northrop CEO Eyes Tech Services Segment Reposition Versus Sale or Spinoff

Northrop Grumman‘s (NYSE: NOC) chief executive signaled to investors Wednesday that he would rather reposition its technology services segment to different focus areas rather than pursue a sale or spinoff of the division. Falls Church, Virginia-based Northrop created the technology services segment at the start of this year from a realignment initiative originally …

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June 29 Market Close: GovCon Index Extends Post-Brexit Shock Reversal as Primes Lead Surge

Executive Mosaic’s GovCon Index staged a second consecutive session of recovery Wednesday from the post-Brexit shock that loomed over global financial markets during the prior two trading days with McKesson Corp. (NYSE: MCK) as the top driver of gains with the prime defense stocks and platform also top performers. The GovCon …

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PAE, Platinum Equity Eye Organic Growth, New Investments After Acquisition Deal

TYSONS CORNER, VA, May 25, 2016 — PAE CEO John Heller has said the company is working with Platinum Equity, which bought PAE in January, to establish an organic growth strategy and explore potential investments for the government contractor, ExecutiveBiz reported Tuesday. Heller told the publication that the acquisition itself is an indication of …

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