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Latest Federal & Government Contracting Companies' News Coverage
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.
Perspecta has reported financial results for its second fiscal quarter ending Oct. 2. "Since our inception, we have consistently achieved solid execution across the enterprise, and this quarter is no exception. Once again, we delivered on our revenue, adjusted diluted earnings per share and free cash flow conversion expectations," said Mac Curtis, chairman and CEO of Perspecta and six-time Wash100 Award recipient.Â
ICF has reported results for the third quarter 2020, which ended Sept. 30, the company reported on Thursday. ICF announced that the total revenue for the third quarter was $360.3 million, which is 3.6 percent below the third quarter of 2019, as a result of lower pass-through revenues.
Denver-based software company Palantir Technologies is scheduled to debut Wednesday on the New York Stock Exchange through direct listing and NSYE said the company’s listing will have a reference price of $7.25 a share, CNBC reported Tuesday.
Bankers expect the stock price for Palantir Technologies' trading debut will be $10 per share, implying a $22B market valuation for the Denver-based data analytics company, The Wall Street Journal reported Thursday.
Raytheon Technologies CEO Greg Hayes said the company’s defense work will represent about 67 percent of sales in 2020, Inside Defense reported Monday.
Science Applications International Corporation (SAIC) has announced second quarter fiscal year 2021 results, which ended July 31, the company reported on Thursday. SAIC has estimated the second quarter impact from the COVID-19 pandemic to be approximately $65 million of revenue, $8 million of adjusted EBITDA and an immaterial net impact to free cash flow, primarily driven by reduced volume in the company's supply chain business.Â
CACI International has announced results for its fiscal fourth quarter and full year ended June 30. "Amid the headwinds from COVID-19, we achieved our financial commitments, delivering accelerating organic revenue growth, margin expansion, robust cash flow, and double-digit growth in contract awards and backlog,†said John Mengucci, president and CEO of CACI and 2020 Wash100 Award recipient.Â
Horacio Rozanski, president and CEO of Booz Allen Hamilton and a two-time Wash100 awardee, said he believes the company is geared up for growth driven by its recent financial performance and market position to address federal agency clients’ demand for technologies, The Washington Business Journal reported Friday.
Iridium has announced its second quarter 2020 financial results on Tuesday, reporting a net loss of $12.4 million, compared to net loss of $18.1 million for the second quarter of 2019. The company’s operational EBITDA for the second quarter was $85.3 million, compared to $85.1 million for the prior-year period.
Raytheon Technologies has announced its second quarter 2020 results on Tuesday, reporting sales of $14.1 billion, adjusted sales of $14.3 billion, GAAP EPS from continuing operations at a loss of $2.56 and adjusted EPS of $0.40.Â
