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Jacobs [J] said Tuesday it will spin off its Critical Mission Solutions business late next year. The segment includes the brain trust that coordinates Jacobs’ efforts to win big management […]
The post Jacobs To Spin Off Government Services Biz I…
The Defense Department on Monday said it will decrease its progress payment rate for large businesses to 80 percent on new contracts, the rate it paid big contractors before the […]
The post DoD Revising COVID Progress Payments For Large Business…
ASRC Federal on Monday said it has completed its $350 million acquisition of the logistics and supply chain management business of Science Applications International Corp. [SAIC], a deal that adds […]
The post ASRC Federal Completes Acquisition O…
Lockheed Martin [LMT] last week said its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer […]
The post Lockheed Martin Space To Consolidate Business Lines appear…
The Aerospace Industries Association (AIA) this week asked the director of the Office of Management and Budget (OMB) to block a proposed requirement that would have certain federal contractors, including […]
The post AIA Presses OMB To Block Supp…
Leonardo DRS [DRS] on Wednesday evening reported lower earnings and sales in its first quarter largely due to headwinds from a boost the company received a year ago in the […]
The post Earnings, Sales Fall As Leonardo DRS Opens Year appeared firs…
HII [HII] on Thursday reported lower net income in the first quarter due to lower operating income in its Mississippi-based shipbuilding segment and a pension adjustment despite a solid increase […]
The post HII’s Earnings Fall In First Quarter D…
Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company and its stock […]
The post Ma…
L3Harris Technologies [LHX] last Thursday reported a sharp drop in first quarter earnings driven by higher interest and pension expenses and a combination of costs related to acquisitions and divestitures […]
The post L3Harris Posts Lower Income,…
Northrop Grumman [NOC] on Thursday reported lower net income in its first quarter largely due to a decline in pension income while the company recorded a healthy sales gain and […]
The post Northrop Grumman’s Earnings Slip On Pension Headwinds; R…