Contractors warn of uncertainty ahead, but report increased sales

By Marjorie Censer / October 30, 2020 at 12:21 PM
Top contracting executives noted this week the current period -- with surging COVID-19 cases, a continuing resolution and an upcoming election -- is uncertain, but said so far they have been able to maintain sales and profit. During a call with analysts Thursday, Eric DeMarco, the chief executive of Kratos Defense & Security Solutions, said the pandemic has "clearly adversely impacted" the company. It has made an impact on "our commercial turbine, our commercial satcom and rocket launch business areas...

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