Archive: Business/Financial

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

Northrop Grumman Increases Dividend Again This Year

For the second time this year, Northrop Grumman [NOC] on Tuesday said it will boost its stock dividend payment as part of its capital deployment strategy. The company announced a 10 cent per share increase in its quarterly dividend payment to shareholders to $1.20 per share. The 9 percent increase, which is effective in June, […]

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Quality Technology Acquires Fusion PPT

Federal information technology services provider Quality Technology, Inc. (QuTech) on Wednesday said it acquired Fusion PPT, another federal IT services company that strengthens its capabilities in cyber security and cloud services and provides and adds news customers. Terms of the deal, the first for QuTech since its founding in 1989, were not disclosed. Fusion, which […]

Amy Rall, group vice president for Homeland Security and Critical Infrastructure at Unisys Federal. Photo: Unisys

Unisys To Begin Networking TSA Screening Systems With Pilot Effort

After being cleared in April to begin work on a security network integration program for the Transportation Security Administration (TSA), Unisys [UIS] and the agency are developing plans to first pilot the solution this summer at an airport. The pilot at Dulles International Airport, which Unisys expects will occur throughout this summer and into the […]

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Orbital ATK Posts Strong First Quarter Results

Orbital ATK [OA] on Thursday reported strong first quarter financial results with solid double-digit increases in the top and bottom lines in what might be the company’s last earnings release ahead of its acquisition by Northrop Grumman [NOC]. Sales increased 21 percent to $1.3 billion from $1.1 billion a year ago, with all three of […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos Reports Strong Earnings, Lower Sales In First Quarter

Leidos [LDOS] on Thursday reported higher earnings in its first quarter despite a dip in sales as the bottom line results were driven by lower acquisition integration and restructuring costs and stronger program performance in its Defense Solutions and Civil segments. Net income soared 38 percent to $102 million, 66 cents earnings per share (EPS), […]

Analogic's computed tomography-based ConneCT checkpoint scanner. Photo: Analogic

Altaris’ Deal For Analogic Clears Regulatory Hurdle

Analogic Corp. [ALOG] on Monday said its pending $1.1 billion acquisition by the private equity firm Altaris Capital Partners has received approval by U.S. regulators. The Federal Trade Commission provided early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, clearing one hurdle on the way to completion of the acquisition, which is […]

Stuart Bradie, president and CEO of Houston-based KBR, Inc. Photo: KBR

KBR Completes Acquisition Of Government Services Provider SGT

KBR, Inc. [KBR] on Wednesday said it has completed its $355 million acquisition of Stinger Ghaffarian Technologies, Inc. (SGT) in a deal that expands its professional services capabilities for the federal government, in particular with NASA. “As a combined team we have substantial opportunities for new growth and we are well positioned to capitalize on […]