Northrop Posts 3% Profit Decline for 2015 on Lower Sales, Stock Buybacks Lift Year’s Earnings Past Street’s Outlook Northrop Grumman (NYSE: NOC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a 3.86-percent decline in profit for its 2015 fiscal year compared to 2014 on lower sales in space and restricted programs and a modest increase in pension costs…

Read More

Executive Mosaic Unveils 2016 Wash100 Inductees: GovCon’s Most Influential Voices The year 2015 for government contractors was one that featured major landscape shifts in its composition unlike any other since the post-Cold War drawdown in the 1990s that resulted in consolidation among the defense market’s largest companies…

Read More

Raytheon Forecasts Higher Sales, Earnings in 2016 as 2015 & 4Q Profit Beat Street Estimate Raytheon (NYSE: RTN) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $7.12 per share for its full 2015 fiscal year and $1.93 for the fourth quarter to exceed Wall Street’s expectations on both counts…

Read More

L-3 Reports Net Loss for 4Q, FY 2015 on Services Segment Writedown & Sale L-3 Communications (NYSE: LLL) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported a net loss for the second consecutive quarter on a writedown in its government services segment the company is in the process of divesting…

Read More

CenturyLink Lands DISA Network Services Contract; Tim Meehan Comments CenturyLink has won four task orders worth $10 million combined from the Defense Information Systems Agency to supply network and data transmission services to Defense Information Systems Network users in various regions across the U…

Read More

L-3 Division Lands Air Force UAV Training Simulator Development Contract The U.S. Air Force has awarded an L-3 Communications division a contract to develop 34 units of Predator Mission Aircrew Training System simulators, DefenseWorld.net reported Wednesday. Vishwanath Patil writes L-3 Link will supply PMATS simulators that will be used to train the Air Force and Air National Guard pilots and sensor operator crews of General Atomics-built MQ-1 Predator and MQ-9 Reaper unmanned aerial vehicles…

Read More

Grant Thornton Accredited as FedRAMP 3rd-Party Assessment Organization; Dennis Bell Comments Grant Thornton has been authorized to assess cloud vendors that work with the federal government under the Federal Risk and Authorization Management Program. The American Association for Laboratory Accreditation administered the FedRAMP accreditation process for Grant Thornton, the company said Wednesday…

Read More

DigitalGlobe to Start WorldView-4 Satellite Imagery Service in Early 2017 DigitalGlobe plans to begin commercial operation of its WorldView-4 satellite next year to deliver high-resolution Earth imagery products and services to customers worldwide. The company said Wednesday it has received $335 million in commitments from international defense and intelligence agencies since last year’s third quarter for direct access capacity on WorldView-3 and WorldView-4…

Read More