Archive: Business/Financial

AJAX armored fighting vehicle being developed by General Dyanmics's U.K. business for the British Army. Photo: General Dynamics

GD Reports Solid Earnings, Flat Sales In Third Quarter

General Dynamics [GD] on Wednesday posted solid earnings results in its third quarter driven by its combat vehicles business amid a downtick in sales. Net income jumped 18 percent to $764 million, $2.52 earnings per share (EPS), from $647 million ($2.13 EPS) a year ago, topping consensus estimates by nine cents per share. Last year’s […]

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Navy Awards $27 Million Recompete Contract To ManTech For C4ISR Support Services

The Navy is shoring the capabilities of its Space and Naval Warfare (SPAWAR) Systems Center Pacific (SSC) with a new $27 million contract to ManTech International Corporation [MANT] to continue providing support services for its command and control systems. The recompete contract, announced Tuesday, retains ManTech’s services to support SSC Pacific’s  Command, Control, Communications, Computers, […]

F-35 developer Lockheed Martin is part of the Aerospace Industries Association (AIA) trade group. Photo: Air Force

Space Segment Leads Lockheed Martin’s Income Down In Third Quarter

Lockheed Martin [LMT] on Tuesday reported higher sales but lower earnings in its third quarter was profits were largely hampered by results from the company’s Space Systems segment. A handsome gain a year ago in the space business didn’t recur in the latest quarter and the segment also suffered from lower risk retirements, a charge […]

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Fidelis Cybersecurity Acquires Firm With Deception Technology

Fidelis Cybersecurity last Thursday said it has acquired TopSpin Security Ltd., a small cyber security firm with capabilities in the areas of deception and detection technology. Terms of the deal were not disclosed. TopSpin operates in Israel and New Jersey. It has 18 employees and the company’s staff will become part of Maryland-based Fidelis. Fidelis […]

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GAO Denies Northrop Grumman Protest Of DHS Cyber Security Award To Raytheon

The Government Accountability Office (GAO) earlier this month rejected a protest by Northrop Grumman [NOC] of a $1 billion contract re-awarded over the summer to Raytheon [RTN] to support a cyber security system operated by the Department of Homeland Security (DHS). DHS originally awarded Raytheon the contract to support the National Cybersecurity Protection System (NCPS) […]

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Booz Allen Acquiring Small Firm To Bolster Commercial Cyber Business

Booz Allen Hamilton [BAH] on Friday said it has agreed to acquire Morphick, Inc., a small Ohio-based company that provides managed cyber security services to Fortune 500 companies. Terms of the deal, which is expected to close before the end of 2017, were not disclosed. Jefferies analyst Sheila Kahyaoglu said in note to clients on […]

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SAIC Awarded $93 Million Deal to Support USCYBERCOM, J3 Operational Services

U.S. Cyber Command is building on its capacity for cyber mission warfare support with a potential five-year, $93 million task order to Science Applications International Corp. [SAIC] to help coordinate logistical services to the J3 joint operations center. SAIC is tasked with integrating operational planning for cyber space missions under the J3 and will support USCYBERCOM […]

Lockheed Martin’s Multi-Modal Sensor Fusion solution blends data from multiple sensors to restore the pilot’s situational awareness in degraded visual environments. Photo: Lockheed Martin.

Lockheed Developing Multi-Modal Sensor Fusion Testbed For Army

The Army is moving forward with its development of a Multi-Modal Sensor Fusion (MMSF), tasking Lockheed Martin [LMT] with a $12 million contract to develop a testbed of the technology for its rotary-wing aircraft. Under the deal, announced Oct. 12 and awarded as part of the Army’s Night Vision and Electronic Sensors Directorate (NVESD), Lockheed […]