CACI International [CACI] on Wednesday said that in late December it acquired ID Technologies (IDT) for $225 million, a deal that boosts its capabilities in secure communications. ID Technologies, which was a portfolio company of The Acacia Group, has 111 employees and annual sales of $190 million. ...
Business/Financial
Northrop Grumman [NOC] on Thursday reported higher earnings in its fourth quarter due largely to a pension benefit while sales fell 15 percent on the divestiture last year of its information technology services business and fewer working days compared to a year ago. Adjusting for the sale of the IT ...
Boeing [BA] on Wednesday reported another charge in its program to develop and produce the Air Force’s new aerial refueling aircraft, although the blemish paled compared to an even heftier reserve the company took related to fixing problems with its 787 widebody commercial passenger jet. The $402 ...
General Dynamics [GD] on Wednesday posted top and bottom-line declines in its fourth quarter but for all of 2021 sales and earnings were higher. Major positives in the quarter and for the year included strong orders for the company’s Gulfstream business jets and robust free cash flow. Net income ...
The National Nuclear Security Administration’s (NNSA) counterterrorism office planned to replace its Bell Helicopter Textron [TXT]-made helicopters with a pair of Leonardo-made aircraft, according to a contract award posted online Monday. The roughly $35.5-million award covers “two (2) each ...
Lockheed Martin [LMT] on Tuesday reported strong fourth quarter financial results, ending a challenging 2021 on a high note, although the company continues to project a drop in sales in 2022. Net income in the quarter rose 14 percent to $2 billion, $7.47 earnings per share (EPS), versus $1.8 ...