Archive: Business/Financial

General Dynamics Chairman and CEO Phebe Novakovic. Photo: General Dynamics

GD’s Second Quarter Earnings Rise On Lower Taxes

Lower taxes and improved operating profits more than offset higher costs related to a recent acquisition as General Dynamics [GD] on Wednesday posted higher earnings and sales in its second quarter. GD said net income increased 5 percent to $786 million, $2.62 earnings per share (EPS), from $749 million ($2.45 EPS) a year ago, topping […]

Lockheed Martin Chief Financial Officer Bruce Tanner. Photo: Lockheed Martin

Lockheed Martin Posts Strong Second Quarter Results; Raises Guidance

Lockheed Martin [LMT] on Tuesday reported strong second quarter financial results driven by higher sales, lower taxes, a pension benefit and improved operating performance. Net income increased 26 percent to $1.2 billion, $4.05 earnings per share (EPS), from $955 million ($3.28 EPS) a year ago, topping consensus estimates by 13 cents per share. Earnings were […]

Lockheed Martin Chairman, President and CEO Marillyn Hewson

At White House, Defense Industry Leaders Pledge Workforce Help

As part of a new effort by President Donald Trump to improve the training and education of American workers amid rapid advances in the digital economy, aerospace and defense companies on Thursday committed themselves to new opportunities and investments to help their workforces. Boeing [BA], which has already said it would invest $300 million in […]

Apache Attack Helicopter. Photo: Boeing

Lockheed, Northrop Partnership Brings In $170 Million For Apache Radar Upgrades

The Longbow, LLC joint venture between Lockheed Martin [LMT] and Northrop Grumman [NOC] has sealed a $170.5 million deal to provide the U.S. Army and three other nations with AH-64E Apache gunship radar upgrades. Announced July 18, the contract is for Longbow fire-control radar (FCR) mast-mounted assemblies, radar electronics units (REU) and spares under lots seven […]

An artist's rendering of the future Air Force One. (Photo: Boeing)

Air Force Officially Awards Boeing $3.9 Billion For New Air Force One

The Air Force awarded Boeing [BA] a $3.9 billion contract on Tuesday to launch the engineering and manufacturing development (EMD) phase of the Presidential Aircraft Recapitalization (PAR) that will replace the current fleet of Air Force One presidential jets. In the contract announcement, the Air Force said $64 million is being obligated at award time, […]

concept-vehicle_630x410

Boeing Working With SparkCognition On Unmanned Traffic Management Solutions

Boeing [BA] on Tuesday said it is working with a small company it invested in last year to provide traffic management solutions for unmanned aircraft systems (UAS). Boeing said it and SparkCognition will apply artificial intelligence and blockchain technologies to the unmanned air traffic management system, which will track flights and create flight corridors. The […]

DHS Assistant secretary for the Office of Cyber Security and Communications. Photo: Department of Homeland Security.

In Collective Cyber Defense, Manfra Wants Public And Private Sectors Working From Same Playbooks

ARLINGTON, Va.–As the Department of Homeland Security looks to strengthen a collective defense approach to cyber security between government and industry, it is working with the private sector to help develop a mutual understanding of the roles and responsibilities of all stakeholders in preparing for and responding to incidents and events, according to a department […]

Raytheon's Patriot air and missile defense system. (Photo: Raytheon)

Trump Administration Pushes Arms Sales At Farnborough; Offering Patriots To Turkey

President Donald Trump on Friday approved the implementation plan of his administration’s reforms to the Conventional Arms Transfer (CAT) policy, an attempt to push more international defense trade deals. The policy change is intended to better align conventional arms transfers with U.S. national security and economic interests. The White House first announced policy changes last […]

Boeing received a $986 million award from the U.S. Air Force for services for the C-17. Photo: Air Force.

Boeing Tallies $2.1 Billion In Services Orders At Farnborough

Boeing [BA] on Monday said its Global Services segment racked up $2.1 billion in potential new orders and agreements from commercial and government customers worldwide, including a nearly $1 billion deal with the U.S. Air Force for training services for the C-17 transport aircraft. All in all, government orders and agreements are worth up to […]