Archive: Business/Financial

CACI President and CEO Ken Asbury

CACI Opens New Fiscal Year With Strong Results

CACI International [CACI] on Wednesday afternoon reported a strong first quarter with higher earnings and sales and the company raised its earnings guidance for the rest of the year. Net income soared 88 percent to a record $78.8 million, $3.10 earnings per share (EPS), from $42 million ($1.67 EPS) a year ago, topping consensus estimates […]

William "Bill" Evanina, director of the National Counterintelligence and Security Center. Photo: Office of the Director of National Intelligence

Private Sector Beginning To Protect Their Supply Chains, Evanina Says

Nation state actors are increasingly targeting cyber vulnerabilities of supply chains but the private sector is also waking up to the threat and taking steps to protect their supply chains, a senior intelligence official said on Tuesday. Foreign countries are “being less inhibited and being more aggressive to attacking our supply chain,” William “Bill” Evanina, […]

Thales, Verint Team On Cyber Threat Intelligence

France’s Thales Group and U.S.-based Verint Systems [VRNT] on Monday said they have formed a strategic partnership to provide comprehensive cyber threat intelligence services. The partnership aims to provide services across a spectrum of threats, espionage, information warfare, and cybercrime, the companies said. “Verint’s cyber security and threat intelligence offerings complement ours, bringing an additional […]

International Maritime and Industrial Applicators provides ship preservation services. Photo: IMIA

J.F. Lehman Acquires Ship Repair Services Firm IMIA

The private equity firm J.F. Lehman & Co. on Monday said it has acquired a ship repair and services firm that serves the Naval and maritime industries. Terms of the deal were not disclosed. J.F. Lehman said it acquired International Maritime & Industrial Applicators, LLC and Craft and Technical Solutions, LLC, which are called IMIA […]

Patrick M. Shanahan, deputy secretary of defense, greets Airmen from Luke Air Force Base, Ariz., after a roundtable discussion on defense industry topics with President Donald J. Trump and other military and civilian leaders Oct. 19, 2018. (U.S. Air Force photo by Senior Airman Ridge Shan)

Shanahan: DoD Following White House Request to Cut Billions from 2020 Budget

As the Defense Department works on its fiscal year 2020 (FY’20) budget request throughout the rest of this calendar year, it is doing so with the goal of meeting President Trump’s request to cut billions across agency budgets, the Pentagon’s number-two official said Oct. 26. Deputy Defense Secretary Patrick Shanahan told reporters that DoD is […]

DoN Bus Operations Plan FY19-21

U.S. Navy Releases Latest Business Operations Plan, Expects To Save Money

The Department of the Navy on Wednesday released its newest business operations plan, which was designed to tie into the National Defense Strategy (NDS) and continue to reform the department. The plan, covering FY 2019-2021, is couched in terms of the NDS and the FY 2019-2022 National Defense Business Operations Plan and acts as a […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos Posts Higher Sales, Income In Third Quarter; Plans Reorganization

Leidos [LDOS] on Thursday posted higher earnings and sales in its third quarter and reported exceptionally strong bookings, particularly from intelligence community customers, and the company said it will reorganize into four operational segments beginning in January. Net income was up 79 percent to $147 million, 96 cents earnings per share (EPS), from $82 million […]

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Lower Taxes, Improved Performance Drive Strong Third Quarter At Raytheon

Raytheon [RTN] on Thursday reported higher sales and earnings in its third quarter with the company benefiting in large part from international and classified work, lower taxes and improved operational performance, and the company raised its top and bottom line guidance for 2018. Net income rose 19 percent to $644 million, $2.25 earnings per share […]

Sailors assist shipyard workers moving a crane aboard the aircraft carrier USS Dwight D. Eisenhower (CVN 69). (U.S. Navy photo by Mass Communication Specialist 3rd Class Marques Franklin)

White House to Study Defense Industry Infrastructure Following Recent Report

The White House plans to assess the current state of the U.S. defense industry’s infrastructure following the release of its inaugural defense industrial base report earlier this month, a senior administration official said Oct. 24. “It is long past time for an assessment … of our infrastructure,” said Peter Navarro, assistant to the president and […]