Defense Tech Guidance Moves Higher With a Dec. 11 Funding Deadline Ahead
WASHINGTON, Nov. 4, 2026 /CNW/ -- American News Group News Commentary - Palantir's U.S. commercial revenue overtook its U.S. government revenue for the first time in the third quarter, and over the past two weeks government technology contractors from Booz Allen Hamilton to BigBear.ai have reported larger backlogs and, in most cases, raised full-year targets. All of it is playing out while federal agencies operate under a stopgap funding law that runs through Dec. 11. Active Companies from around the markets with current developments this week include: Palantir Technologies Inc. (NASDAQ: PLTR), Booz Allen Hamilton Holding Corporation (NYSE: BAH), CACI International Inc (NYSE: CACI), Parsons Corporation (NYSE: PSN), BigBear.ai Holdings, Inc. (NYSE: BBAI).
Four of the five companies below lifted at least part of their full-year outlooks in their latest quarterly reports, while Parsons narrowed its revenue and adjusted EBITDA guidance ranges and reiterated their midpoints. The reports arrive in a budget year in which none of the 12 regular fiscal 2027 appropriations bills has been enacted, according to the Congressional Research Service status table on congress.gov. The Continuing Appropriations and Extensions Act, 2027, which became Public Law 119-103 on Sept. 2, funds most federal programs at fiscal 2026 levels through the earlier of Dec. 11, 2026, or enactment of the applicable appropriations act. The House Appropriations Committee approved its fiscal 2027 Defense bill, H.R. 9495, by a vote of 34 to 27 on June 24, and the bill's latest action on congress.gov is its June 26 placement on the House Union Calendar.
The annual defense policy bill is also unfinished. The House passed its fiscal 2027 National Defense Authorization Act, H.R. 8800, by a vote of 216 to 212 on July 22, and the Senate received it on Sept. 14. The Senate's own version, S. 4784, was reported by the Armed Services Committee on June 15, and its most recent action came on July 27, when a motion to proceed to consideration was made, according to congress.gov.
That calendar now runs alongside a change in party control of both chambers. Democrats won majorities in the House and the Senate in Tuesday's midterm elections, according to race calls by The Associated Press, and as of 2:26 a.m. ET Wednesday, AP had not yet called five Senate races. The Dec. 11 funding date falls before the new Congress convenes on Jan. 3, 2027.
Readers following how federal budgets flow through to contractor results can also request the free Knowledge is Power guide from Stock Preachers at americannewsgroup.com/
In other industry developments and happenings in the market this week include:
Palantir Technologies Inc. (NASDAQ: PLTR)
Palantir Technologies reported third-quarter revenue of $2.313 billion on Nov. 2, up 96% year-over-year and 20% from the prior quarter, in results filed with the SEC. U.S. government revenue grew 96% to $953 million, while U.S. commercial revenue grew 148% to $984 million, the first quarter in which the commercial side came out ahead, according to the company.
The company raised its full-year 2026 revenue guidance to between $8.530 billion and $8.534 billion and guided fourth-quarter revenue to between $2.649 billion and $2.653 billion. Palantir shares closed at $175.40 on Tuesday, Nov. 3, down 1.65% on the day, after trading as low as $165.25, according to Nasdaq data.
"Our U.S. commercial revenue has surpassed our U.S. government revenue for the first time in our company's history," said Alex Karp, Co-Founder and Chief Executive Officer of Palantir Technologies.
Booz Allen Hamilton Holding Corporation (NYSE: BAH)
Booz Allen Hamilton reported second-quarter fiscal 2027 results on Oct. 23, with revenue of $2.8 billion, a 3.9% year-over-year decrease, and adjusted diluted EPS of $1.76, up 18.1%. National Security revenue was $2.076 billion, compared with $2.063 billion a year earlier, while Civil and Commercial revenue declined to $702 million from $827 million.
Total backlog rose 1.9% to $41 billion, with a quarterly book-to-bill ratio of 1.5x. The company raised its fiscal 2027 adjusted diluted EPS guidance to $6.50 to $6.70, from $6.00 to $6.35, and said it is accelerating investments in and delivery of advanced cyber, agentic and defense technologies.
"Booz Allen is executing exceptionally well and investing in our next phase of growth," said Horacio Rozanski, Booz Allen Chairman and CEO.
CACI International Inc (NYSE: CACI)
CACI International reported fiscal 2027 first-quarter revenue of $2.5 billion on Oct. 21, up 8.2% year-over-year including 2.1% organic growth, with contract awards of $4.8 billion and a book-to-bill ratio of 2.0x. Revenue from the Department of War rose 14.8% to $1.354 billion, or 54.8% of the total.
Awards in the quarter included a one-year award with four option periods, carrying a $1.5 billion ceiling, to support U.S. Central Command, and CACI said that through Apollo it will help the command make faster decisions. Funded backlog grew 14.8% to $6.2 billion, and the company raised its fiscal 2027 revenue guidance to $10.7 billion to $10.9 billion.
"Based on our results, large and growing backlog, and healthy pipeline, we are raising our fiscal year 2027 revenue and earnings profit outlook while reaffirming guidance for other financial metrics," said John Mengucci, CACI President and Chief Executive Officer.
Parsons Corporation (NYSE: PSN)
Parsons reported third-quarter revenue of $1.7 billion on Oct. 28, up 2% year-over-year and down 1% on an organic basis, with adjusted EBITDA up 6% to a record $168 million and a record 10.2% margin. Contract awards rose 14% year-over-year, including a 53% increase in Federal Solutions awards, and total and funded backlog reached records of $9.4 billion and $6.8 billion.
The company said U.S. Cyber Command raised the ceiling on its five-year, sole-source Other Transaction Agreement to $750 million, and that it has begun full-rate production of the Joint Cyber Hunt Kit under that agreement. Parsons narrowed its 2026 revenue guidance to $6.25 billion to $6.45 billion while reiterating the midpoint.
"While we continue to navigate procurement timing and geopolitical uncertainty, the alignment of our differentiated capabilities with our customers' most critical national security and infrastructure needs reinforces our confidence in Parsons' outlook," said Carey Smith, chair, president, and chief executive officer of Parsons.
BigBear.ai Holdings, Inc. (NYSE: BBAI)
BigBear.ai, which describes itself as a specialized security and defense technology company providing mission-ready AI, reported third-quarter revenue of $43.6 million on Oct. 27, up 31% year-over-year and its third straight quarter of organic growth. The company said the increase was substantially driven by its BigBear Generative AI Platform, acquired as Ask Sage in December 2025, and gross margin rose to 31.2% from 22.4%.
BigBear.ai raised its 2026 revenue guidance to $150 million to $165 million and reported more than 25 new contract wins since the second quarter, worth more than $225 million in contract value, a non-GAAP measure. Backlog grew 22% from the second quarter to $330 million, about 23% of it funded. The quarter's $91.9 million net loss included a $76.7 million non-cash goodwill impairment charge.
"We won more than 25 new contracts with customers including the FBI, the U.S. Coast Guard, the Department of Energy, and classified awards," said Kevin McAleenan, CEO of BigBear.ai.
For defense technology and government software companies, the next fixed dates are the Dec. 11 end of the stopgap funding and the Jan. 3, 2027 start of the new Congress, with the Senate yet to pass its version of the fiscal 2027 defense policy bill. Continued coverage of the sector, along with the free Knowledge is Power guide from Stock Preachers, is available at americannewsgroup.com/.
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