SAIC reports growth in first quarter

New president and CEO highlights revenue growth due to strategy of leveraging diverse portfolio and employee dedication.

HP to cut 27,000 jobs, save $3B

Hewlett-Packard expects to use $3 billion in savings to boost innovation around three areas of strategic focus: cloud, big data and security.

Budget uncertainty puts damper on contractor stocks

Federal IT and professional services stocks lag the market despite some signs of longer term optimism.

CSC credit rating takes a hit

S&P lowers rating amid poor 2012 results and continuing issues with troubled contracts.

CSC reports 5 percent drop in public-sector revenue

CEO gives frank assessment of "very poor" results.

Are layoffs headed HP's way?

Reports have surfaced that HP will announced layoffs next week that could total 30,000.

ITT Exelis joins 5 Fairfax contractors on Fortune 500

In its first year as an independent company, ITT spinoff ranks No. 422 on list of top revenue-producers.

Can you bank on your banker?

When it comes to financing, building your banking relationship is critical. Are you following the advice of our experts?

GTSI 1st quarter numbers show revenue up, losses down

Company realizes 8.6 percent increase in revenue for first quarter 2012 compared to corresponding quarter a year ago.

GTSI deal brings fresh start to longtime player

Unicom takes plunge into the government market with acquisition of GTSI Corp. What is it getting that it couldn't build on its own?

ManTech Q1 numbers slip as wartime contracting declines

Two recent acquisitions help position company for high-growth, high-margin markets

Good quarter for CACI but uncertainty ahead

Despite good numbers, CACI is experiencing the effects of budget uncertainty on its customers.

NCI revenue slides as BRAC, other work declines

Loss of approximately $27 million in Base Realignment and Closure-related contract work among the reasons cited for revenue drop during first quarter.

Lockheed’s next CEO foresees more industry consolidation

Shrinking domestic sales are prompting U.S. and European defense contractors to consider M&As, Christopher Kubasik tells the Wall Street Journal.

Lockheed weathers slow start to 2012

Revenue in its information systems division takes a dip as two large programs come to an end.

Northrop Grumman sees decline in IT sales

The company dealt with lower sales in defense, civil and intelligence business in the first quarter of the year.

Unisys reports growth, flat fed business

Revenue grows for the first quarter of the 2012, but federal business remains soft.

Feds' focus on margins puts industrial base at risk

Reducing government costs is in everyone's best interest, writes Stan Soloway, but too much emphasis on cutting margins will only hurt government and industry in the long run.

CSC enters turnaround mode

New CEO offers frank assessment of CSC's woes. But what does he point to as a bright spot?

A little silver among the black clouds

Two surveys show there are still signs of optimism among federal contractors.

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