Tag Archives: cares act

Vectrus Reports Q3 2020 Financial Results; Chuck Prow Quoted

Chuck Prow President

Vectrus has announced its financial results for the third quarter, which ended Oct. 2, 2020. The company reported that the quarter revenue of $352.4 million was down slightly year on year by 2.1 percent due to COVID-19 pandemic related deferrals. "Third quarter results were solid, reflecting improved volumes and margin levels," said Chuck Prow, president and CEO of Vectrus and 2020 Wash100 Award recipient.

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SAIC Reports Q2 FY 2021 Financial Results; Nazzic Keene Quoted

Nazzic Keene CEO

Science Applications International Corporation (SAIC) has announced second quarter fiscal year 2021 results, which ended July 31, the company reported on Thursday. SAIC has estimated the second quarter impact from the COVID-19 pandemic to be approximately $65 million of revenue, $8 million of adjusted EBITDA and an immaterial net impact to free cash flow, primarily driven by reduced volume in the company's supply chain business. 

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CACI’s John Mengucci: GovCon Industry Seeks Extension of Section 3610 Provision

John Mengucci President and CEO CACI

John Mengucci, president and CEO of CACI International and a 2020 Wash100 Award winner, said the company is coordinating with other firms in the GovCon industry to extend a provision in the Coronavirus Aid, Relief and Economic Security Act that offers reimbursement to contracting personnel who are unable to work due to the COVID-19 pandemic but kept in a "ready state," Inside Defense reported Thursday.

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