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Jacobs [J], a Department of Energy contractor, had earnings from continuing operations of $136 million or $2 million more than the $134 million recorded a year ago, according to its latest quarterly earnings report. Earnings per diluted share were $1.0…
Feedback is due next week on a proposed rule for federal contractors, including defense companies, to require disclosure about greenhouse gas (GHG) emissions, plans to reduce those emissions, and climate-related financial risks. The Defense Department,…
The private equity firms Carlyle [CG] and Stellex Capital Management last Friday said they have reached a deal to sell their ship repair and marine fabrication business to another private equity firm, Lone Start Funds. Terms of the deal for Titan Acqui…
Defense electronics suppler Mercury Systems [MRCY] on Wednesday said it has hired financial advisers to help explore a possible sale of the company, which has been under pressure from an activist investor group to look for a potential buyer. The compan…
Satellite imagery provider and technology company Capella Space on Tuesday said it has stood up a new subsidiary, Capella Federal, to better serve the federal government, in particular the classified space as demand surges for commercial satellite remo…
The private equity firm Highlander Partners on Tuesday said it has acquired Black Sage Technologies, a developer and provider of counter-drone solutions that are vendor agnostic and are designed for defense and critical infrastructure security applicat…
HII [HII] on Monday said it has hired Eric Chewning to fill a new strategy position within the corporate leadership designed to help the company navigate its way forward as a shipbuilder and broader technologies solutions provider as the Defense Depart…
L3Harris Technologies [LHX] last Thursday posted lower net income in its fourth quarter due to ongoing macroeconomic issues while sales grew on the strength of the tactical radio, space and classified programs. The “Macroeconomic environment remains dy…
Northrop Grumman [NOC] on Thursday reported lower net income in the fourth due to lower pension benefits, although segment operations and sales were strong on contributions from across the company’s sectors. Net income fell 23 percent to $2.1 billion, …
Inflationary and other macroeconomic pressures are buffeting the next-generation stealth bomber program, but Northrop Grumman [NOC] currently doesn’t expect to incur a loss during the initial production phase of the B-21 Raider, which remains on track …