GTEC pushes ahead on strong 2010 results
The defense technology company built thrust in the second half of 2010 with new contract awards and by finishing two major acquisitions.
Recompetes, fewer awards drag down ATSC revenues
ATSC reported revenue of $116.7 million for the 2010 fiscal year, a decrease of $2 million. And fourth-quarter revenue of $27.7 million represented a decrease of 5.1 percent over fourth quarter revenue of $29.2 million in fiscal 2009.
NCI hits record $581M in 2010 revenue
NCI Information Systems Inc. reported record revenue of $581 million in 2010 compared to $469 million a year ago, for an organic revenue growth rate of 22 percent. NCI also hit record revenue for the fourth quarter.
Evolving market conditions create opening for new investment bank
John Allen and Susan Gabay, formerly of BB&T Capital, launch Bluestone Capital Partners to serve the middle market.
Contracts, acquisitions spur ManTech's 4Q double-digit growth
ManTech International Corp. saw its fourth-quarter 2010 revenues reach $697.9 million, a 29 percent increase from $542.1 million in the fourth quarter of fiscal 2009.
NCI completes record revenue year, sets sights on $1B
NCI Information Systems Inc. ended its fourth quarter with record revenue, which mirrored a record revenue year in 2010. The company tallied $581 million in revenue for 2010, compared to $469 million in 2009 for an organic revenue growth rate of approximately 22 percent, the company reported.
EchoStar set to pay $2 billion for Hughes Communications
EchoStar Corp. plans to buy broadband satellite network provider Hughes Communications Inc. in a deal worth around $2 billion, including the assumption of debt, according to media reports.
Northrop CEO: Government policies should support strong industrial base
Northrop Grumman CEO Wes Bush says the government should focus defense policies on fostering innovation as one of the best ways to make the country stronger.
Northrop Grumman has mixed fourth quarter
Sales in the company's information systems sector decreased while operating income rose compared to 2009.
Report sees growth ahead for federal IT services contracts
While there is more cost-cutting ahead for federal budgets and contracting, federal IT services are likely to be an oasis, says a new report.
Contract wins, revenue rise highlight SRA’s second quarter results
SRA International Inc. today reported $434.8 million in revenue in the second quarter of fiscal 2011, which ended Dec. 31, 2010, for a 5.3 percent increase from $412.8 million in the December 2009 quarter.
Organic growth, core competencies spark CACI's record 2Q
CACI International Inc. racked up a record fiscal 2011 second quarter with net income of $33.2 million, an increase of 27.6 percent over the $26.1 million for the same period of fiscal 2010.
Attention dealmakers: Do you buy or sell in 2011?
We're asking our readers if they expect to be involved in merger and acquisition activity in the next 12 months.
Industry expects strong growth in 2011
We asked readers to compare their expected growth rates for 2011 relative to 2010.
Lockheed Martin saved by civilian agencies in 2010
The large government contractor Lockheed Martin saw profits in its Information Systems and Global Solutions fall due to weakened defense and intelligence sales.
SRA hires investment bank to manage influx of buyers
SRA International Inc. has hired the investment bank Houlihan Lokey to provide advice, stoking rumors of a potential sale of the company, but company says no decision has been made. Who will have the final say?
Aerospace group, contract backlog spur spike in GD revenues
General Dynamics Corp. reported 2010 fourth-quarter earnings of $729 million, compared to $618 million in the same quarter of 2009.
Google restructures top leadership roles
Eric Schmidt, Google's CEO, will be stepping down from that position while continuing to serve the company as executive chairman.
'We work for free,' contractors say
Most government contractors have performed out-of-scope work without getting paid for it and its problematic, according to a new survey from Grant Thornton LLP.
Contractors put more focus on being focused
Editor Nick Wakeman sees increasing signs that government contractors are shedding noncore businesses to focus on what they do best.
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