Archive: Business/Financial

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Lower Taxes, Improved Performance Drive Strong Third Quarter At Raytheon

Raytheon [RTN] on Thursday reported higher sales and earnings in its third quarter with the company benefiting in large part from international and classified work, lower taxes and improved operational performance, and the company raised its top and bottom line guidance for 2018. Net income rose 19 percent to $644 million, $2.25 earnings per share […]

Sailors assist shipyard workers moving a crane aboard the aircraft carrier USS Dwight D. Eisenhower (CVN 69). (U.S. Navy photo by Mass Communication Specialist 3rd Class Marques Franklin)

White House to Study Defense Industry Infrastructure Following Recent Report

The White House plans to assess the current state of the U.S. defense industry’s infrastructure following the release of its inaugural defense industrial base report earlier this month, a senior administration official said Oct. 24. “It is long past time for an assessment … of our infrastructure,” said Peter Navarro, assistant to the president and […]

Kathy Warden, president and chief operating officer of Northrop Grumman. Photo: Northrop Grumman

Northrop Grumman Posts Higher Sales And Income In Third Quarter

Buoyed by the acquisition of Orbital ATK, a positive cost claim, improved segment margins, a pension benefit and lower taxes, Northrop Grumman [NOC] on Wednesday reported higher sales and earnings in its third quarter. The company also raised its earnings and cash flow guidance for 2018 to reflect the cost claim, lower interest expense, a […]

The French Horizon-class frigate FS Chevalier Paul (D621) (foreground) and U.S. Navy aircraft carrier USS John C. Stennis (CVN-74) (background) transit in the 5th Fleet area of responsibility in February 2013. (Photo: U.S. Navy).

Fincantieri And Naval Group Sail To Naval Joint Venture

Italy’s Fincantieri and France’s Naval Group said this week they will launch an alliance to incorporate a 50-50 joint venture to compete for European naval competitions. The two companies are owned, via majority shareholders, by each country’s government. During the September 2017 Franco-Italian Summit, the French and Italian governments announced an intention to start discussions […]

A Royal Saudi Air Force KC-130J Super Hercules aerial refueling tanker delivered to Saudi Arabia in 2016. Photo: Lockheed Martin.

Bipartisan House Bill Pushes to End Arms Sales to Saudi Arabia

A bipartisan House bill announced Oct. 23 aims to prohibit military sales and aid to Saudi Arabia, effectively immediately. Rep. James McGovern (D-Mass.) is sponsoring a new bill co-signed by 20 lawmakers in the House that would ban the Defense Department from providing any assistance — to include security assistance, intelligence, training, equipment, maintenance, testing […]

Boeing Chairman, President and CEO Dennis Muilenburg. Photo: Boeing

Muilenburg Touts T-X, MQ-25 As $60 Billion Franchise; Boeing’s Sales, Earnings Up

Boeing [BA] Chief Dennis Muilenburg on Wednesday said his company’s bids and ultimate wins in the third quarter on two marquis dollar U.S. defense programs were clearly aimed at capturing long-term business worth potentially more than $60 billion for domestic and international customers. Muilenburg said the Air Force’s T-X trainer and Navy’s MQ-25 unmanned aerial […]

Lockheed Martin's F-35 Lightning II at the 2018 Paris Air Show. Photo: Lockheed Martin

Lockheed Martin Delivers Strong Third Quarter, Raises Earnings Guidance

Higher operating profits combined with lower taxes and pension expenses lifted Lockheed Martin [LMT] to a strong third quarter and the company once again increased its outlook for earnings this year. The defense contractor on Tuesday posted a 53 percent boost in net income to nearly $1.5 billion, $5.14 earnings per share (EPS), from $963 […]

Organizational Strategies image.

Applied Insight Acquires Mission IT Firm Organizational Strategies

Applied Insight, which provides information technology (IT) services to federal government customers, on Monday, said it has acquired Organizational Strategies Inc. in a deal aimed at furthering its strategy of becoming a mid-market provider of government services. Terms of the deal for OSI were not disclosed. OSI has about 100 employees and Applied Insight 400. […]