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Latest Federal & Government Contracting Companies' News Coverage
Nvidia‘s quarterly revenue guidance drove an extended trading session rally in artificial intelligence-related stocks and fueled a 28 percent jump in shares at the company after the bell Wednesday, Reuters reported. The market value of Nvidia increased by $200 billion to more than $960 billion after the company’s stock price hit a record high of […] More
Booz Allen Hamilton booked $2.28 billion in revenue for the third quarter of its 2023 fiscal year, a 12.1 percent increase over the year-ago period. Sales rose to $6.83 billion for the nine months ended Dec. 31, 2022, from the $6.13 billion recorded in the prior-year period, the management and information technology consultancy said Friday. […] More
Textron reported a net income of $861 million for the full 2022 period, up from the $746 million logged in the prior year. The defense and industrial conglomerate said Wednesday profit increased to $226 million for the fourth quarter from $207 million in the same period a year ago. Earnings from continuing operations income were […] More
General Dynamics reported a profit of $3.39 billion for its 2022 fiscal year, up 4.1 percent from the prior-year period. Net earnings for the October-December quarter reached $992 million, or $3.58 per share, compared with the $952 million logged over the same period in 2021, the company said Wednesday. Revenue for the period rose 5.4 […] More
Raytheon Technologies reported $67.1 billion in revenue for its full 2022 fiscal year, a 4 percent increase over fiscal 2021 figures. The Arlington, Virginia-based company said Tuesday defense programs accounted for $69 billion of its $175 billion total backlog as of Dec. 31 and commercial aerospace work accounted for the remaining $106 billion. Sales grew […] More
HawkEye 360 has generated $145 million in Series D round funding, bringing the company’s total amount of capital raised to $302 million to date. The company said Monday the funding will be used to expand HawkEye 360’s satellite constellation and complementary infrastructure, which is anticipated to accelerate its growth trajectory and provide enhanced services to federal […] More
Leidos reported $3.4 billion in revenue for the second quarter of its 2021 fiscal year, 18 percent higher than the same period last year, and quarterly earnings of $1.52 per share. The Reston, Virginia-based contractor also held to its 2021 sales outlook in the $13.7 billion-$14.1 billion range, and earnings of between $6.35 and $6.65 […] More
Redwood City, California-based drone manufacturer Skydio has generated $170 million from its round of Series D funding with venture capital firm Andreessen Horowitz as the lead investor. Skydio said Tuesday it will use the new capital to develop products and launch initiatives to address a growing demand for its unmanned aerial systems.
ICF reported fourth quarter and full year results, which ended Dec. 31, 2020, on Thursday. The company's total revenue for 2020 amounted to $1.51 billion, increasing 1.9 percent over the $1.48 billion reported for full year 2019. "In 2020, one of the most challenging business periods in recent history, ICF reported 4 percent year-on-year growth in service revenue, and won a record $2 billion in contract awards, laying the foundation for strong future growth,†said John Wasson, chairman and CEO of ICF and a 2021 Wash100 Award recipient.Â
LMI recorded $397 million in revenue and $505 million in contract bookings in 2020. “As we continue the journey toward achieving our 2025 strategy, as an organization, we have remained agile to ensure we effectively address our government’s most complex challenges, especially during these unprecedented times,†said Doug Wagoner, president and CEO of LMI and a 2021 Wash100 Award recipient.
Northrop Grumman has reported its 2020 financial results. The company’s fourth quarter sales increased 17 percent to $10.2 billion while its annual sales grew 9 percent to $36.8 billion. "Our team continues to show resilience and agility,†said Kathy Warden, chairman, CEO and president of Northrop Grumman and 2020 Wash100 Award recipient.Â
Vectrus has announced its financial results for the third quarter, which ended Oct. 2, 2020. The company reported that the quarter revenue of $352.4 million was down slightly year on year by 2.1 percent due to COVID-19 pandemic related deferrals. "Third quarter results were solid, reflecting improved volumes and margin levels," said Chuck Prow, president and CEO of Vectrus and 2020 Wash100 Award recipient.
