Archive: Business/Financial

NGL_casting

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 […]

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon Posts Strong First Quarter Helped By Lower Taxes, Better Performance

Raytheon [RTN] on Thursday posted strong first quarter financial results, driven by lower taxes, and improved operating performance, and the company increased its guidance this year for sales and earnings. Lower taxes that went into effect on Jan. 1 have helped underpin solid to strong results for all the major defense companies that reported first […]

A Boeing KC-46A tanker refuels an F-16. (Photo courtesy of Boeing)

Boeing Powers To Strong First Quarter, Increases Earnings Outlook

Driven by strong results across its operations, Boeing [BA] on Wednesday reported a big increase in its bottom line and a solid gain in the top line in its first quarter, and the company boosted its guidance this year for earnings and cash. Net income was up 57 percent to $2.5 billion, $4.15 earnings per […]