Archive: Business/Financial

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Despite Email Glitch, GAO Denies ManTech Protest For Air Force Proposal

The Government Accountability Office (GAO) has denied ManTech International Corp.’s [MANT] protest for a potential $98 million Air Force contract after an email glitch caused its proposal to miss the required deadline. ManTech will no longer be considered for a contract to assess National Geospatial-Intelligence Agency cloud migration efforts after emails containing the company’s proposal […]

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon Posts Solid Third Quarter Results On Missile, Radar Programs

Led by strong results in its businesses that produce missile and sensor systems, Raytheon [RTN] on Wednesday reported solid third quarter financial results with earnings and sales both higher. Net income increased 5 percent to $572 million, $1.97 earnings per share (EPS), from $544 million ($1.84 EPS) a year ago, beating consensus estimates by six […]

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 […]