The chief executive of Northrop Grumman said yesterday the ongoing coronavirus outbreak has increased the company's attention to cost savings, particularly in the areas of facilities and travel.
Thursday, May 16, 2024
Thursday, May 16, 2024
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Marjorie Censer was Inside Defense's editor until July 2021. She previously worked at the Washington Post and its local business publication Capital Business, covering defense industry reshaping, the increased scrutiny of contractors following the Edward Snowden case and the challenges of canceling military programs. From 2007 to 2010, she was managing editor of Inside the Army. She also previously worked as defense editor at POLITICO and as a staff writer at the Carroll County Times and the Princeton Packet. A Fairfax native, she graduated from Princeton University.
The chief executive of Northrop Grumman said yesterday the ongoing coronavirus outbreak has increased the company's attention to cost savings, particularly in the areas of facilities and travel.
Booz Allen Hamilton said today sales totaled nearly $7.5 billion in its fiscal year 2020, up about 11% from a year earlier.
Artificial intelligence company SparkCognition said today it has created SparkCognition Government Systems, focused entirely on government and national defense.
Perspecta's chief financial officer said this week the company expects the coronavirus crisis to cut sales in its fiscal year 2021, which began April 1, by $75 million. The outbreak is slated to trim operating income for the year by $20 million.
As Congress debates whether the Pentagon needs more money to cope with the coronavirus outbreak, Huntington Ingalls Industries' chief financial officer said the Defense Department will certainly need additional funding to cover the increased costs of delayed programs -- even if it opts not to help contractors.
Despite the coronavirus and a dramatic decline in the price of oil earlier this year, the sale of Huntington Ingalls Industries' oil and gas business continues, according to the company's chief financial officer.
The Professional Services Council is preparing to send comments to the Pentagon about draft guidance issued this week related to implementing Section 3610 of the CARES Act, which is meant to provide reimbursement for contractors unable to work because of the coronavirus outbreak.
LMI said Monday it has named retired Navy Vice Adm. Raquel Bono and Costa Saab to its board of directors.
Science Applications International Corp. said today it has named Dee Dee Helfenstein chief strategic growth officer, effective immediately.
The head of KBR's U.S. government solutions business said this week the company is expecting the remaining protest of the Logistics Civil Augmentation Program V to be resolved imminently and that transition work is already underway.
Raytheon Technologies has flowed $450 million in accelerated progress payments from the Pentagon to suppliers over the last two months, according to the company's chief executive.
The termination of the Hypersonic Conventional Strike Weapon program had "nothing to do with our performance" and instead illustrates how the military is starting to prioritize its hypersonic programs, Lockheed Martin's chief financial officer said today.
The chief executive of Vectrus said today the company expects to have a "better understanding" of the transition timeline for the Logistics Civil Augmentation Program, or LOGCAP V, within two months after the coronavirus crisis has added new challenges.
Anduril Industries said today it is opening a new office in Seattle and planning to hire engineers.
Maxar Technologies said Monday its space infrastructure business saw cost growth of $18 million in its most recent quarter as a result of the coronavirus outbreak.
Kratos Defense & Security Solutions said today that during its most recent quarter it recorded sales of $169 million, up 5% from the same three-month period a year earlier.
Lockheed Martin said today it has achieved its goal of flowing $450 million in accelerated progress payments from DOD to its suppliers. (UPDATED)
The Professional Services Council is praising a new Federal Acquisition Regulation rule that repeals a 2009 executive order on nondisplacement of federal contractors.
PAE said today sales during its most recent quarter totaled $617 million, down about 8% from the same three-month period a year earlier.
Raytheon Technologies said today the "ongoing uncertainty" surrounding the COVID-19 outbreak means the company will not provide a 2020 outlook.