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Cowen Report: Budget Flexibility, Sector Consolidation Improving Outlook For Defense IT Industry

Matthew Beinart By
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Cowen Report: Budget Flexibility, Sector Consolidation Improving Outlook For Defense IT Industry
iStock Cyber Lock

Department of Defense information technology (IT) partners are poised for improved revenue pick-ups in FY '18 and FY '19 due to more flexible budgeting for cyber and cloud projects and a greater embrace of sector consolidation, according to a new report from financial firm Cowen [COWN].The latest defense industry outlook report from Cowen, released Monday, cites Booz Allen Hamilton [BAH], ManTech [MANT], Leidos [LDOS] and General Dynamics [GD] as their top choices to benefit from increasing DoD demand for IT…

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