Parsons Corporation has reported financial results for the third quarter ended September 30, 2020, noting that the total revenue decreased by $19 million, or two percent, from the prior year period, to $1 billion. “We delivered strong third quarter results with record adjusted EBITDA and generated outstanding cash flow,” said Chuck Harrington, chairman and CEO of Parsons, and 2020 Wash100 awardee.
Read More »Leidos Reports Third Quarter FY2020 Results; Roger Krone Quoted
Leidos Holdings has published financial results for the third quarter of fiscal year 2020, reporting revenues of $3.24 billion, compared to $2.84 billion in the prior year quarter. The company’s revenues for the quarter included $302 million and $74 million related to the acquisitions of Dynetics, Inc. and L3Harris Technologies' security detection and automation (SD&A) businesses, respectively.
Read More »Northrop Grumman Wins Contract to Advance SATCOM Program; Cyrus Dhalla Quoted
Northrop Grumman Corporation has been awarded a contract by the U.S. Space Force for the rapid prototyping phase of the Evolved Strategic SATCOM (ESS) program, the company reported on Thursday. Under the contract, Northrop Grumman will develop a modernized strategic communications space segment with enhanced resilience and cybersecurity capabilities.
Read More »IBM Reports Second Quarter 2020 Results; Arvind Krishna, James Kavanaugh Quoted
IBM has announced the company’s second quarter 2020 results on Tuesday, noting a GAAP EPS from continuing operations of $1.52, operating (non-GAAP) EPS of $2.18 and revenue of $18.1 billion, down 5.4 percent.
Read More »Space Force, Northrop to Begin Test, Integration of Polar Satcom System’s Control Segment
The U.S. Space Force’s Space and Missile Systems Center (SMC) has completed critical design review activities for the control and planning segment (CAPS) of a Northrop Grumman-developed satellite communications system over the North Pole.
Read More »ICF Reports First Quarter 2020 Results; John Wasson Quoted
ICF has reported results for the first quarter, noting that the total revenue rose by 5 percent, diluted EPS was $0.55 inclusive of $0.16 in special charges and non-GAAP EPS was $0.83, the company announced on Wednesday.
Read More »General Dynamics Reports First Quarter 2020 Results; Phebe Novakovic Quoted
General Dynamics has reported first-quarter 2020 net earnings of $706 million on $8.75 billion in revenue. On a per share basis, diluted earnings per share (EPS) were $2.43, the company announced on Thursday.
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