DRS Technologies reported that sales were a record high for the last quarter. See an article here. DRS also reported a 40% increase in profits and a record backlog of over $1 B dollars. As discussed here, Finmeccanica has agreed to buy the American company. This would be one of the [...]
Tagged with: acquisitions, DRS Technologies, finmeccanica, last quarter, profits, record backlog
ManTech is a second tier defense contractor that provides services and support to the US military. For the quarter ending in June ManTech reported income of $21.9 M. See a press release here. This was a substantial improvement over the same quarter in 2007. Much of the increase came from large [...]
Tagged with: Contract Awards, defense contractor, defense contractors, last quarter, mantech, press release, substantial business, substantial improvement
CNNMoney has a preview of the upcoming earnings report for a variety of US defense contractors. See this for more. Not surprisingly the outlook is good. The US defense budget remains large and will probably not see any downturn until 2010 at the earliest depending on the US election. Rockwell Collins [...]
Tagged with: defense budget, defense contractors, downturn, earnings report, last quarter, press release, Rockwell Collins
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