DoD Tactical momentum continued in the second quarter, with both ground tactical and airborne awards:
- $765 million ceiling, 5-year, single-award IDIQ contract with the U.S. Navy to provide tactical radios and ancillary devices
- $71 million contract modification from the U.S. Army for single-channel ground and airborne radio systems (SINCGARS)
- $60 million order from the U.S. Air Force for Falcon III® tactical radios
- $42 million order from the U.S. Army for the Security Force Assistance Brigade for Falcon III® tactical radios and waveforms
International Tactical received several key orders for modernization programs and ongoing counter-terrorism support:
- $45 million from Iraq for security forces modernization
- $18 million from Afghanistan to provide sustainment services to its security forces
- $10 million from the Royal Danish Army for tactical vehicular radio systems
Electronic Systems |
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($ millions) | Second Quarter | First Half | |||||||||||||||||||||||||||
FY 2018 | FY 2017 | Change | FY 2018 | FY 2017 | Change | ||||||||||||||||||||||||
Revenue | $ | 584 | $ | 570 | 2 | % | $ | 1,124 | $ | 1,107 | 2 | % | |||||||||||||||||
Operating income | $ | 101 | $ | 134 | (25 | )% | $ | 210 | $ | 245 | (14 | )% | |||||||||||||||||
Operating margin | 17.3 | % | 23.5 | % | (620)bps | 18.7 | % | 22.1 | % | (340)bps | |||||||||||||||||||