NCI Information Systems Inc. reported first-quarter 2011 revenue of $150.2 million, all organic, an increase of 31 percent over first-quarter 2010 revenue of $115.0 million, primarily due to growth in the Base Realignment and Closure contracts.
CACI International Inc. racked up a record third-quarter fiscal 2011 with revenue of $913.4 million, an increase of 16.5 percent from the third quarter a year ago. Operating income grew 30.6 percent over the prior year period to a record $61.8 million.
With the addition of former Stanley chairman, president and CEO Philip Nolan to its advisory board, Pragmatics has begun laying the foundation for an eventual initial public offering.
ManTech International Corp. saw its first-quarter 2011 revenue reach $700.9 million, up 19 percent from $587.6 million in the first quarter of 2010, according to a company statement released at the close of business April 28.
General Dynamics Corp. reported first-quarter 2011 net earnings of $618 million, compared to $597 million in the first quarter of 2010. Revenues increased over the year-ago period to $7.8 billion.
Level 3 Communications Inc. is acquiring Global Crossing Ltd. in a tax-free, stock-for-stock transaction for approximately $3 billion, including the assumption of approximately $1.1 billion of debt.
Documents filed with the Securities and Exchange Commission last week trace the process behind the $1.9 billion sale of SRA International Inc. to Providence Equity Partners.
Northrop Grumman Corp. today completed the spin-off of its Huntington Ingalls Industries Inc. subsidiary, which designs, builds, and maintains nuclear and non-nuclear ships for the Navy and Coast Guard.
As contractors make moves to realign businesses with growing sectors, SAIC is selling off oil and gas IT service units and buoying its acquisition strategy.
SAIC saw its fourth-quarter revenues increase 3 percent over the previous year's quarter, from $2.68 billion to $2.77 billion, while revenues for fiscal 2011 rose a modest 2 percent overall to $11.1 billion.
Government contractors must have a chief financial officer who understands operations, business development and other critical issues that affect a company's success.
GTSI Corp.’s fourth quarter and fiscal 2010 were significantly affected by the Small Business Administration’s temporary suspension of the company in October and the costs involved in getting that suspension lifted, the company reported today.
