Archive: Business/Financial

Lance Kwasniewski, CEO of Belcan. Photo: Belcan

Belcan Acquires Intercom Consulting

Engineering consulting firm Belcan, LLC, on Wednesday said it has acquired federal information technology services firm Intercom Consulting & Federal Systems to give it more capabilities to provide services to its global customer base. Terms of the deal were not disclosed. Belcan, a portfolio company of the private equity firm AE Industrial Partners, said the […]

L-3 President and Chief Operating Officer Chris Kubasik.

L-3 Continues Earnings Momentum With Strong Second Quarter

L-3 Communications [LLL] on Thursday reported strong second quarter results posting double-digit earnings gains in large part because it has fixed troubled programs and business operations that were plaguing it the past two years. Net income increased 27 percent to $147 million, $1.88 earnings per share (EPS), from $116 million ($1.39 EPS). Wall Street analysts […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos’ Income Rises 17 Percent In Second Quarter

Leidos Holdings [LDOS] announced July 28 that its operating income totaled $75 million in the second quarter of fiscal year 2016, up 17 percent from the same period last year. The operating income margin from the company’s National Security Solutions segment was 6.7 percent, down from 8.4 percent last year due mainly to “lower program […]

General Dynamics Chairman and CEO Phebe Novakovic. Photo: General Dynamics

GD’s Earnings Rise On Lower Taxes As Sales Decline In Second Quarter

General Dynamics [GD] on Wednesday said its net income in the second quarter edged up a bit despite a slight drop in sales on improved operating margins and the bottom line topped analysts’ estimates. Net income rose nearly a percent to $758 million, $2.44 earnings per share (EPS), from $752 million ($2.27 EPS) a year […]

unisys logo

NSA Designates Unisys Cyber Network Product As Eligible For Use By Governments

The National Information Assurance Partnership (NIAP) evaluated and accredited the Unisys Corporation’s [UIS] Unisys Stealth product as certified for use by governments in over 20 countries to protect sensitive systems and information, the company said Monday. NIAP’s certification for internationally-accepted standards for trusted security products and solutions was established by the U.S. National Security Agency […]

Northrop Grumman Chairman, President and CEO Wes Bush. Photo: Northrop Grumman

Northrop Grumman’s Income Down, Sales Up In Second Quarter

Northrop Grumman [NOC] on Wednesday posted a slight increase in sales and a slight drop in net income due to lower segment margins and pension headwinds but per share earnings rose nicely due to a lower share count stemming from the company’s repurchases of its stock. Net income dipped nearly 3 percent to $517 million, […]

Boeing Chairman, President and CEO Dennis Muilenburg. Photo: Boeing

Boeing Swings To Loss As Expected On Commercial, Tanker Charges

Boeing [BA] on Wednesday reported a net loss in its second quarter as expected stemming from more than $2 billion in charges announced last week across several programs while the world’s largest aerospace and defense contractor managed to eke out a small sales gain on the strength of its commercial aircraft business. Sales in the […]

Photo: FireEye.

Rofori Corporation Joins FireEye Cyber Security Coalition

Rofori joined FireEye as a partner in the latter’s Cyber Security Coalition (CSC), Rofori said Monday. Rofori provides DEFCON CYBER, a cybersecurity cloud service that prioritizes incidents, automates the response workflow processes, and measures activity responses across operations to product cybersecurity risk posture scores. The product also operationalizes the National Institute of Standards and Technology’s (NIST) […]

sandialogo

Lockheed Martin Teaming with Universities for Sandia Bid

Incumbent Lockheed Martin [LMT] said Monday it has teamed with the Purdue, New Mexico State, and New Mexico Tech universities to bid on the Sandia National Laboratories management and operations contract. The announcement clarifies the cooperative arrangement that was still unclear when Lockheed Martin disclosed early last month its intent to bid to retain the […]