:

Business/Financial

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

By Cal Biesecker

Thursday, October 25th, 2018

SHARE:

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

Leidos Chairman and CEO Roger Krone. Photo: Leidos

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 (53 cents EPS) a year ago. Excluding amortization of acquired intangible assets and other integration and restructuring costs, adjusted earnings were $1.14 EPS, nipping consensus estimates…

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]