Contracts & Procurement

Robert Wilkinson and Amy Basche, the two top executives for the current support services contractor at the Energy Department’s Hanford Site in Washington state, will remain in charge of its successor. A DOE hosting page for the Hanford Mission Integration Solutions (HMIS) website cites Wilkinson as president and general manager and Basche as chief operating […]

The Energy Department Office of Environmental Management expects to stay busy with procurements during the remainder of 2020. The nuclear cleanup office intends to roll out up to six final requests for proposals (RFP) between now and December, according to a quarterly update posted Monday by the Cincinnati-based Environmental Management Consolidated Business Center. The Energy Department […]

COVID-19 took a big bite out of BWX Technologies’ commercial segment in the second quarter of 2020, but that was more than offset by strength in the company’s bread-and-butter nuclear Navy business, the Lynchburg, Va.-based nuclear operator and manufacturer said this week. Part of the drag for the Nuclear Power Group, where profit nearly vanished and […]

Cal Biesecker Defense Daily Leidos on Tuesday posted higher sales and earnings in its second quarter, driven by two acquisitions earlier this year and a payment related to patent infringement, more than offsetting higher than expected negative impacts from the ongoing pandemic. Net income increased 13% to $153 million, $1.06 a share, from $136 million, […]

Jacobs Engineering on Monday reported a slight bump in revenue for its fiscal third quarter, from $3.2 billion in 2019 to $3.3 billion this year. Net revenue took a similarly modest step up for the three-month period ending June 26, from $2.6 billion to $2.7. billion on a year-over-year basis. The Department of Energy contractor, […]

By Cal Biesecker Defense Daily Huntington Ingalls Industries on Thursday posted a steep drop in second-quarter earnings, mainly on charges at its shipyards due to efficiency and staffing challenges, at least some of which stem from COVID-19, and the company lowered its top and bottom line guidance for the year. On a conference call with […]

The Department of Energy on Wednesday kicked off a long-awaited procurement of the next Savannah River Site management and operations contract with a request for information from industry about the award that will fund the Aiken, S.C., facility’s biggest nuclear-weapons programs. The agency will sort out the value, duration, and exact form of the contract […]

The National Nuclear Security Administration (NNSA) will continue to bundle management of the Y-12 National Security Complex in Tennessee and the Pantex Plant in Texas in the post Consolidated Nuclear Security era, according to a pre-procurement note posted on July 31. The single contract would be worth up to $28 billion over 10 years, including […]

Uranium fuel broker and enrichment-technology developer Centrus Energy posted a profit in the second quarter, rounding out a profitable first half of 2020 in which a major enrichment demonstration contract with the Department of Energy helped stabilize revenue. Second-quarter net income was more than $33.5 million,  or $3.19 per share, up from a loss of […]

Insulated from the worst of the COVID-19 pandemic by its large government contracts and a bread-and-butter nuclear Navy business, BWX Technologies this week posted a modest uptick in both profit and revenue for the second quarter of 2020. Quarterly net income rose $5 million to about $64 million, or $0.67 per share, from about $59 […]

Insulated from the worst of the COVID-19 pandemic by its large government contracts and a bread-and-butter nuclear Navy business that didn’t shut down in the spring, BWX Technologies posted a modest uptick in both profit and revenue for the second quarter of 2020. Quarterly net income rose $5 million to about $64 million, or $0.67 […]

US Ecology grew its second-quarter revenue by 37% this year, to $213.9 million, but nonetheless reported a $5.2 million net loss in the face of the COVID-19 pandemic. That represented a loss of $0.17 per diluted share, or $0.08 on an adjusted basis, the Boise, Idaho-based waste management company said Thursday in its latest earnings […]

The Department of Energy on Wednesday kicked off a long-awaited procurement of the next Savannah River Site management and operations contract with a request for information from industry about the award that will fund the Aiken, S.C., facility’s biggest nuclear-weapons programs. The agency will sort out the value, duration, and exact form of the contract […]

US Ecology grew its second-quarter revenue by 37% this year, to $213.9 million, but nonetheless reported a $5.2 million net loss in the face of the COVID-19 pandemic. That represented a loss of $0.17 per diluted share, or $0.08 on an adjusted basis, the Boise, Idaho-based waste management company said Thursday in its latest earnings […]

Jacobs Engineering on Monday reported a slight bump in revenue for its fiscal third quarter, from $3.2 billion in 2019 to $3.3 billion this year. Net revenue took a similarly modest step up for the three-month period ending June 26, from $2.6 billion to $2.7. billion on a year-over-year basis. The Department of Energy contractor […]

Jacobs Engineering on Monday reported a slight bump in revenue for its fiscal third quarter, from $3.2 billion in 2019 to $3.3 billion this year. Net revenue took a similarly modest step up for the three-month period ending June 26, from $2.6 billion to $2.7. billion on a year-over-year basis. The Department of Energy contractor […]

By Cal Biesecker Defense Daily Leidos on Tuesday posted higher sales and earnings in its second quarter, driven by two acquisitions earlier this year and a payment related to patent infringement, more than offsetting higher than expected negative impacts from the ongoing pandemic. Net income increased 13% to $153 million, $1.06 earnings per share (EPS), from […]

By Cal Biesecker Defense Daily Huntington Ingalls Industries on Thursday posted a steep drop in second-quarter earnings, mainly on charges at its shipyards due to efficiency and staffing challenges, at least some of which stem from COVID-19, and the company lowered its top and bottom line guidance for the year. On a conference call with […]

The Department of Energy on Wednesday kicked off procurement of the next Savannah River Site management and operations contract with a request for information from industry about the award that will fund the Aiken, S.C., facility’s biggest nuclear-weapons programs. The agency will sort out the value, duration, and exact form of the contract after hearing […]

Leidos on Tuesday posted higher sales and earnings in its second quarter, driven by two acquisitions earlier this year and a payment related to patent infringement, more than offsetting higher than expected negative impacts from the ongoing COVID-19 pandemic. Net income increased 13% to $153 million, $1.06 earnings per share (EPS), from $136 million ($0.93 […]

Uranium fuel broker and enrichment-technology developer Centrus Energy posted a profit in the second quarter, rounding out a profitable first half of 2020 in which a major enrichment demonstration contract with the Department of Energy helped stabilize revenue. Second-quarter net income was more than $33.5 million,  or $3.19 per share, up from a loss of […]

AECOM on Tuesday reported a 5% drop in overall revenue for the third quarter of its 2020 fiscal year, while income figures mostly rose. Revenue fell from nearly $3.4 billion in third-quarter 2019 to just shy of $3.2 billion for the three-month reporting period through June 30. However, net service revenue (which excludes subcontractor expenses) […]

Insulated from the worst of the COVID-19 pandemic by its large government contracts and a bread-and-butter nuclear Navy business that didn’t shut down in the spring, BWX Technologies posted a modest uptick in both profit and revenue for the second quarter of 2020. Quarterly net income rose $5 million to about $64 million, or $0.67 […]

Jacobs Engineering on Monday reported a slight bump in revenue for its fiscal third quarter, from $3.2 billion in 2019 to $3.3 billion this year. Net revenue took a similarly modest step up for the three-month period ending June 26, from $2.6 billion to $2.7. billion on a year-over-year basis. The Department of Energy contractor […]

The National Nuclear Security Administration (NNSA) will continue to bundle management of the Y-12 National Security Complex in Tennessee and the Pantex Plant in Texas in the post Consolidated Nuclear Security era, according to a pre-procurement note posted online Friday. The single contract would be worth up to $28 billion over 10 years, including a […]

Raytheon Technologies on Tuesday said it swung to a loss in the second quarter largely due to a slump in commercial aerospace triggered by the ongoing COVID-19 pandemic. The company’s defense businesses performed well. The commercial outlook remains weak and the company has achieved its cost savings synergies for the year. Sales in the quarter […]

General Dynamics on Wednesday posted lower earnings and sales in its second quarter on continued weakness in its Aerospace segment and an overall decline in its government and defense businesses due to impacts from the COVID-19 pandemic. Net income fell 23% to $625 million, $2.18 earnings per share (EPS), from $806 million ($2.77 EPS), three […]

Boeing on Wednesday reported a loss in its second quarter, but not quite as bad as a year ago, as sales fell sharply on fewer commercial aircraft deliveries due to continued weakness in the 737 MAX passenger jet program, temporary shutdowns of some facilities in the spring, and the ongoing impacts to airlines from the […]

Fluor Corp. said it has not reported formal earnings to the U.S. Securities and Exchange Commission in 2020, as reported in an article in the July 24 edition of Nuclear Security & Deterrence Monitor, and will not do so until it answers the regulator’s questions about 2019 earnings. In February, Flour disclosed some preliminary select financial […]

Bolstered by generally solid results across its operating segments, Northrop Grumman on Thursday reported higher sales and earnings in its second quarter and the company raised its outlook for the top and bottom lines for 2020. in a quarterly call with investors, Kathy Warden, the company’s chairman, president, and chief executive officer, said the company […]