Archive: Business/Financial

CACI President and CEO Ken Asbury

CACI Raises Earnings Guidance

Due to better than expected operating performance, CACI International [CACI] on Wednesday revised upward its earnings guidance for its fiscal year 2018 that ends on June 30. The company now expects net income to range between $292 million, $11.54 earnings per share (EPS), and $297 million ($11.74 EPS), up from the prior outlook of between […]

Elbit_logo

Elbit Receives Approvals From Israel Government In Deal For IMI Systems

Israel’s Elbit Systems [ESLT] on Tuesday said it has reached agreement with the Israeli government for the tender of state shares related to the company’s pending $495 million acquisition of IMI Systems Ltd., which is also based in Israel. Elbit said completion of the deal is still subject to further government approvals, including by Israel’s […]

iStock Cyber Lock

Government Bars Contractors From Using Kaspersky Products In Support Of Contracts

The federal government last Friday issued plans to modify contracting regulations to prohibit the use of cyber security software provided by a Russian company by contractors in support of federal programs. The interim rule, issued by the Defense Department, General Services Administration, and NASA, “prohibits contractors from providing any hardware, software, or services developed or […]

BAE's CV90 MkIV at the Eurosatory conference. Photo: Matthew Beinart.

BAE Expanding International Market For CV90, Beowulf, Vehicle Options For Archer Howitzer

PARIS–BAE SYSTEMS’ CV90 and Beowulf combat vehicles and Archer artillery system are receiving increased interest from the Army and international partners, including the Czech Republic and the Netherlands, officials told Defense Daily Wednesday. BAE showcased the latest MkIV version of its CV90 vehicle, built by the company’s Hagglunds subsidiary, for the first time at this […]

Lockheed Martin's Howard Bromberg holds the new Miniature Hit-to-Kill missile. Photo: Matthew Beinart.

Lockheed Moving Miniature Hit-To-Kill Missile Into Development Phase

PARIS–Lockheed Martin [LMT] is moving its new miniature missile into development following an Army deal, announced Wednesday, to mature the close-range lethality interceptor to meet requirements for the Extended Mission Area Missile program. The two-and-a-half foot, five-pound Miniature Hit-to-Kill (MHTK) interceptor is designed to take down rockets, artillery, mortars and UAVs, and Lockheed officials are […]

Hill Air Force Base F-35As fly in formation over the Utah Test and Training Range, March 30, 2017. (U.S. Air Force photo/R. Nial Bradshaw)

Raytheon Nabs Next-Gen F-35 DAS Sensor

Lockheed Marin [LMT] chose Raytheon [RTN] to develop and deliver the next generation Distributed Aperture System (DAS) for the F-35 Joint Strike Fighter, replacing the sensor’s incumbent Northrop Grumman [NOC]. Lockheed Martin highlighted this change in provider will reduce cost while adding capabilities. “The supply chain competition for the next generation F-35 Distributed Aperture System […]

SAIC CEO Tony Moraco

SAIC Posts Flat Earnings Despite Higher Sales In First Quarter

Science Applications International Corp. [SAIC] on Tuesday posted mixed results to open its new fiscal year as earnings were level in the first quarter despite higher sales. Net income was $49 million in the quarter, same as a year ago, although earnings per share (EPS) were raised a nickel to $1.13 due to fewer shares […]

Christopher Pyne, Australia's minister for defence industry, (middle) joins Rheinmetall for launch of the Automated Load Handling System. Photo: Matthew Beinart.

Rheinmetall Launches Australian Defense Industry Partnership With Automated Truck Loading System

PARIS–Germany’s Rheinmetall launched its first product Monday out of a new partnership with the Australian defense industry, showcasing its first automated loading system for military trucks. Rheinmetall officials at the Eurosatory conference here presented the Automated Load Handling System (ALHS), made by Australia’s Supashock for the German manufacturer’s HX 8×8 truck, which is designed to […]

iStock Cyber Lock

NORTHCOM, SOUTHCOM Plan To Help Allies With Cyber Security Training

The U.S. Northern Command (NORTHCOM) and Southern Commands (SOUTHCOM) plan to help allied partners in the Western Hemisphere with their cyber security posture through a new training services contract, according to a government notice. The Air Force on June 8 issued a Sources Sought notice for the NORTHCOM Western Hemispheric Cybersecurity Training Environment as part […]

Kratos' Mako UAS

Securitas Completes Acquisition Of Kratos’ Public Safety & Security Division

Sweden’s Securitas on Monday completed its $70.7 million acquisition of the Public Safety & Security (PSS) Division of Kratos Defense & Security Solutions [KTOS], expanding its business in the U.S. and adding more capabilities to its electronic security unit. For Kratos, the sale of its $150 million PSS business will allow it to focus on […]