ManTech International Corp
People want to be safe. Whether protecting personal information, securing payment networks, or harboring private data, security is necessary. The same holds true for investments.
The raging global security phenomena and increasing political turmoil pose many threats to governments, institutions, companies, and people. Pondering our times can be frightening, especially when considering the expansion of web-based services. We ask ourselves “If a government agency was hacked, is my more »
Sentiment can shift rather quickly. While the outlook for defense companies has been gloomy in recent years due to budgetary cuts, recent events such as the Boston Marathon blast have put the limelight back on national security issues and defense companies.
Kratos Defense & Security Solutions (NASDAQ: KTOS), a technology company providing mission critical products and services for national security, is well-positioned to benefit from this, given its single awardee status more »
McLean, Virginia-based military contractor SAIC (NYSE: SAI) has long been the target of conflicting investor emotions. As one of the United States' most prominent logistics and defense firms, the company enjoyed a strong run during the post-9/11 defense boom. Indeed, many market-watchers have explained its continued strong performance by pointing to an "afterglow effect" of sorts from wars in Iraq and Afghanistan.
This has led some of the same more »
Last Wednesday, SAIC (NYSE: SAI) jumped as much as 5% in one trading day after it announced a special cash dividend of $1 per share, payable on June 28. Since the beginning of the year, SAIC’s stock price has performed quite well, delivering a gain of more than 20%, from $11.10 per share to $13.40 per share. Should investors buy SAIC after its special dividend announcement? Let more »
Royce & Associates recently filed a 13G which discloses that it owns 3.8 million shares of Brady Corp (NYSE: BRC), up from 3.5 million shares roughly three months ago. The new position represents a little over 8% of the outstanding shares. Brady is a $1.8 billion market cap company which primarily provides identification and security software; it also operates direct marketing and precision die-cut products businesses. Royce, which more »
Science Applications International Corp.
SAIC (NYSE: SAI) belongs to the service sector and is engaged in technical services industry. It provides various types of technical services and solutions to the agencies of the U.S. Department of Defense, state agencies, local government agencies, foreign governments and customers in commercial markets as well. It also provides cyber security solutions in order to gear up for various cyber threats. SAIC announced its more »
SAIC Inc. (NYSE: SAI), a company providing scientific, technical and engineering solutions, reported satisfactory third quarter results on Dec. 5 2012. Even in the constrained and cautious market, the company has demonstrated commitment and growth.
Numbers Say It All
SAIC’s revenue for the third quarter was $2.87 billion, surging up by 3% YOY, while it’s diluted earnings per share was $0.33, up from $0.27 per more »
In its financial report Q3 2012 on Nov. 1, 2012, Dynamics Research Corporation (NASDAQ: DRCO) had a $36.6 million non-cash goodwill impairment charge. This means that the reported loss for the quarter was $20.6 million and revenue was $76.8 million, compared with $96.4 million for the same period in 2011. Excluding this charge the net income for the third quarter of 2012 was $2.8 million more »
As many investors in the sector already know, military spending cutbacks loom over the defense industry. Pentagon spending going forward may be slashed by up to $500 billion. That is why the largest defense contractors including Lockheed Martin, Boeing, General Dynamics and Raytheon spent a combined $33.4 million on lobbying in the nation's capital last year, hoping to pare the cuts. And defense company spending on Washington lobbying more »
The way wars are fought is changing rapidly.
From conflicts using hardware – planes, ships, tanks, guns and troops – wars in the future are more likely to be fought using computers and malicious software. In other words, cyber-warfare.
Companies involved in the defense business like Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and others are steadily shifting their business to fighting such a war. The move has been accelerated in the more »