Archive: Business/Financial

Digital Alloys' Joule Printing system for metal additive manufacturing. Photo: Digital Alloys

Boeing HorizonX Invests In Additive Manufacturing Company Digital Alloys

Boeing [BA] on Tuesday said its venture unit has made an investment in startup company Digital Alloys, Inc., which is developing additive manufacturing technology to be able to print metal parts at far lower costs, more reliably and faster than current 3D printing and conventional manufacturing techniques. The investment in Massachusetts-based Digital Alloys is the […]

Honeywell To Deliver Control System For Lockheed’s Extended Range GMLRS

Lockheed Martin [LMT] said Monday it selected Honeywell [HON] to supply control actuation system for its Guided Multiple Launch Rocket System – Extended Range program through 2020. Honeywell received the supplier contract to provide its precise delivery control unit for Lockheed Martin’s GMLRS extended range effort, which would increase the range of its rocket system […]

Leonardo DRS Expects To Grow Above The Market, Lynn Says

Leonardo DRS is enjoying strong growth and expects to remain above the market average, according to the company’s chief. “This will be our fourth year of what I call above market growth,” which is being driven by organic sales gains, William “Bill” Lynn, CEO of Leonard DRS, said in an Aug. 3 interview in his […]

USS George Washington (CVN 73). Photo: U.S. Navy.

Lower Taxes, Pension Gain Push Earnings Higher At Huntington Ingalls

Lower taxes, the gift that just keeps giving this year for corporations, combined with a pension benefit, propelled Huntington Ingalls Industries [HII] to a hefty increase in earnings despite a dip in operating profit at the segment level. Net income soared 63 percent to $239 million, $5.40 earnings per share (EPS), from $147 million ($3.21 […]

Christopher Kubasik, L3 Technologies Chairman, President and CEO. Photo: L3 Technologies

L3 Establishes Business Segment To Focus On ISR, Bolster Growth And Boost Margins

As part of L3 Technologies’ [LLL] major transformation plans this year, the company on Thursday said it has consolidated its Aerospace Systems and Sensors Systems business segment into one focused on intelligence, surveillance and reconnaissance (ISR) solutions for customers worldwide. The $4.7 billion Texas-based ISR Systems segment supplies sensor solutions from the “ocean floor to […]

Mark Aslett, president and CEO of Mercury Systems. Photo: Mercury Systems

Mercury Systems Acquires Rugged Computer Maker Germane Systems

Mercury Systems [MRCY] on Tuesday said it has acquired rugged computer maker Germane Systems for $45 million in cash, adding additional capabilities and customers in the U.S. and international defense markets for C4I subsystems. Mercury President and CEO Mark Aslett said in a statement that combined with its $180 million acquisition earlier this year of […]

iStock Cyber Lock

CGI Wins $530 Million Cyber Security Contract To Protect Federal Agencies

The U.S. federal business of Canada’s GGI Group [GIB] on Monday said it received a potential six-year, $530 million contract from the U.S. General Service Administration (GSA) to provide federal agencies with cyber security capabilities under the Continuous Diagnostics and Mitigation (CDM) program. CGI Federal won the CDM DEFEND Group C award, which covers several […]

Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 Reports Solid Sales In Second Quarter; Preparing To Consolidate

L3 Technologies [LLL] on Thursday reported higher sales in its second quarter driven by organic growth while earnings results were a bit mixed given gains from sales from various business units as well as a debt retirement charge. Net income was $375 million, $4.72 earnings per share (EPS), up 86 percent from $202 million ($2.54 […]

Raytheon’s Earnings Soar In Second Quarter On Lower Taxes, Pension Benefit

Lower taxes combined with a pension tailwind powered Raytheon [RTN] to a huge boost in earnings in its second quarter and the company also posted solid top line growth. Raytheon, like all the major defense companies that have reported second quarter results this week, benefited handsomely from the lower corporate tax rate that went into […]

A KC-46 tanker refuels an F/A-18 fighter during testing. (Boeing photo)

Lower Taxes, Commercial Aircraft Business Drive Strong Earnings At Boeing

Boeing [BA] on Wednesday posted higher earnings in the second quarter due to lower taxes, higher operating profit at its commercial aircraft business, and to a lesser extent its year-old services segment, and sales were also higher on gains across all the company’s segments. Boeing generated the higher profit despite a previously disclosed charge related […]