Archive: Business/Financial

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

Boeing Announces $300 Million In Investments Due To Tax Reform Bill

Following congressional approval on Wednesday of a contentious federal tax reform bill that will see the corporate tax rate plummet to 21 percent from the current 35 percent rate, Boeing [BA] said it plans $300 million in incremental investments and charitable contributions as a result of the pending law. The company said the bill, which […]

Gemalto offers customers a wide variety of document security features. Image: Gemalto

Thales To Acquire Gemalto In Acceleration Of Digital Security Strategy

France’s Thales on Sunday said it has agreed to acquire Gemalto, a provider of a range of digital security solutions and capabilities, in a $5.7 billion deal to accelerate its strategy around digital technologies and data security. Thales beat out France-based Atos, a European information technology services provider, which previously made an unsolicited $5.1 billion […]

Themis Computers' products include rugged high-density servers. Photo: Themis

Mercury In Talks To Acquire Rugged Computing Solutions Provider Themis

Mercury Systems, Inc. [MRCY] last Thursday evening said it is in negotiations to acquire for about $175 million in cash Themis Computer, a company that provides rugged computing solutions for military, aerospace, energy, and commercial applications. Mercury disclosed the talks for Themis in a filing with the Securities and Exchange Commission after the company inadvertently […]

Dave Melcher, president and CEO of the Aerospace Industries Association. Photo: AIA

Industry Group Focusing On Core Needs Of Defense Industrial Base, AIA Says

In response to President Donald Trump’s directive in July asking the Pentagon to assess the health and needs of the nation’s defense industrial base, the Aerospace Industries Association (AIA) has formed a working group of industry officials that is focusing on four pillars and 10 priorities it wants the Defense Department to address. The pillars […]

Kevin Phillips, president and CEO of ManTech International. Photo: ManTech

Phillips Appointed To Take Helm At ManTech

ManTech International [MANT] on Wednesday said that it has appointed Kevin Phillips, the company’s president and chief operating officer (COO), to be its next CEO starting on Jan. 1, 2018. Phillips will take over for George Pedersen, the company’s current chairman and CEO, who will continue as executive chairman with responsibilities for strategy and direction, […]

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

Boeing Boosts Dividend, Share Repurchase Program

Flush with strong cash flow, Boeing [BA] on Monday said it is increasing its shareholder dividend and replacing its stock repurchase program with a larger one. The new quarterly dividend will be $1.71 per share, a 20 percent increase over the current level, and will be payable in March 2018. Boeing said it has raised […]

SAIC CEO Tony Moraco

SAIC Posts Slight Top And Bottom Line Gains In Third Quarter

Science Applications International Corp. [SAIC] last Thursday posted higher earnings and sales in its third quarter due to federal contracts in its defense and civilian portfolios and lower interest expense. Net income eked out a 2 percent gain to $43 million, 98 cents earnings per share (EPS), from $42 million (91 cents EPS) a year […]

John Brauneis has been named chief executive of Raytheon Emirates. LinkedIn Photo

Raytheon Establishes Subsidiary In UAE

Raytheon [RTN] on Thursday said it has created a subsidiary in the United Arab Emirates to further strengthen its partnerships in the small Middle Eastern country that is a key customer. “The establishment of Raytheon Emirates is a strong step forward in our longstanding alliance with the United Arab Emirates,” Thomas Kennedy, Raytheon’s chairman and […]

Air_Force_Research_Laboratory

MacB Receives $37 Million Task Order To Support Air Force Research Lab Modernization

Defense cyber security services provider MacAulay-Brown, Inc. (MacB) has received a five-year, $37 million task order to support the Air Force Research Laboratory’s (AFRL) information technology modernization efforts. Under the deal, announced Monday, MacB will assist the AFRL’s Enterprise Business System (EBS) with streamlining its applications and software tools, and provide personnel to conduct cyber […]

Lockheed Martin Chairman, President and CEO Marillyn Hewson speaking at the company's annual media day on March 21. Photo: Lockheed Martin

Lockheed Martin CEO: Budget Uncertainty Hurts Industry As Much As Military

Defense budget cuts and an ongoing series of stopgaps spending measures is hollowing out the U.S. defense industry as much as Pentagon leaders accuse funding uncertainty for threatening military readiness and modernization, according to Lockheed Martin’s [LMT] chief executive. Speaking to the Reagan National Defense Forum in Simi Valley, Calif., on Dec. 2, CEO Marillyn […]