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Displaying 1 - 20 of 473 stories.
July 15, 2010
By Calvin Biesecker Despite its surprising announcement on Tuesday that it plans to exit the shipbuilding business, Northrop Grumman [NOC] yesterday said its shipbuilding operations can increase revenues and have significant room to improve profit margins in...
http://www.defensedaily.com/sectors/financial/Northrop-Shipbuilding-Business-Has-Room-For-Sales-And-Profit-Growth_10729.html
July 15, 2010
By Geoff Fein While the decision by Northrop Grumman [NOC] to consolidate almost all of its Gulf Coast shipbuilding work in Pascagoula, Miss., left a lot of unanswered questions, the company is positive about the shipyard's future, according to a company...
http://www.defensedaily.com/sectors/financial/Moving-Work-to-Pascagoula-Will-Be-Positive-Official-Says_10730.html
July 15, 2010
L-3 Communications [LLL] yesterday announced a new stock repurchase program that gives the company authority to buy up to $1 billion of its common stock through the end of 2012. The repurchase program is...
http://www.defensedaily.com/sectors/financial/L-3-Authorizes-$1-Billion-Share-Repurchase-Program_10735.html
June 30, 2010
CACI International [CAI] yesterday issued guidance for its FY '11 that begins tomorrow, saying that net income and sales are expected to increase. The company also announced a new stock repurchase program of $50 million based on its long-term prospects and...
http://www.defensedaily.com/sectors/financial/CACI-Expects-Higher-Earnings-Sales-In-FY-11-Plans-Share-Repurchases_10597.html
June 25, 2010
A former Northrop Grumman [NOC] employee who filed suit against the company in 2006 charging fraud said on Wednesday that the company has agreed to a $12.5 million settlement in the matter. Allen Davis, who was a company...
http://www.defensedaily.com/sectors/financial/Northrop-Grumman-Settles-Whistleblower-Suit-For-$12-5-Million_10574.html
June 22, 2010
Venerable consulting firm Booz Allen Hamilton (BAH) yesterday said it has filed plans with the Securities and Exchange Commission for a proposed public offering of its Class A common stock, The expected price for the share offering was not disclosed. Booz...
http://www.defensedaily.com/sectors/financial/Booz-Allen-Files-For-IPO_10509.html
June 7, 2010
By Calvin Biesecker SAIC [SAI] last Thursday reported higher income and sales in the first quarter driven by lower taxes, the favorable resolution of some tax uncertainties, and acquisitions. Net income rose 8 percent to $125 million, 32 cents earnings per...
http://www.defensedaily.com/sectors/financial/SAIC-Posts-Higher-Income-Sales-In-First-Quarter_10355.html
May 24, 2010
Harris Corp. [HRS] on Friday said it has agreed to acquire CapRock Communications, a provider of managed satellite communications solutions for the energy, government, and maritime industries, for $525 million in cash. "Acquiring CapRock expands our...
http://www.defensedaily.com/sectors/financial/Harris-To-Acquire-SatCom-Solutions-Provider-CapRock-Communications_10233.html
May 20, 2010
Northrop Grumman [NOC] yesterday said it would boost its quarterly stock dividend by just over 9 percent to 47 cents...
http://www.defensedaily.com/sectors/financial/Northrop-Grumman-Boosts-Dividend_10208.html
May 13, 2010
By Calvin Biesecker General Dynamics [GD] yesterday said it has acquired EBV Explosives Environmental Company, a provider of munitions and explosives waste disposal services to the military and other customers, in a deal that extends the life-cycle services...
http://www.defensedaily.com/sectors/financial/GD-Acquires-Provider-of-Demilitarization-Munitions-Disposal-Services_10163.html
May 11, 2010
By Calvin Biesecker Canada's CGI Group Inc. [GIB] on Friday said it has agreed to acquire information technology (IT) solutions provider Stanley Inc. [SXE] in a deal worth $1.1 billion, more than doubling its presence in the United States federal space...
http://www.defensedaily.com/sectors/financial/Canadas-CGI-Group-To-Acquire-Defense-Intel-IT-Firm-Stanley-For-$1-Billion_10115.html
May 7, 2010
By Calvin Biesecker ATK [ATK] yesterday said it swung to a profit in the fourth quarter despite relatively flat sales due in part to hefty charges a year ago that caused a net loss and strong results in its ammunition business. Net income swung to a $58.4...
http://www.defensedaily.com/sectors/financial/ATK-Swings-To-Profit-In-Fourth-Quarter-Despite-Slight-Sales-Decline_10092.html
April 29, 2010
By Calvin Biesecker Northrop Grumman [NOC] yesterday posted a higher net income driven by lower pension expenses and higher operating income at its Aerospace, Shipbuilding and Technical Services segments, which combined with an ongoing stock buyback program...
http://www.defensedaily.com/sectors/financial/Higher-Margins-Lower-Pension-Expense-Boost-Northrop-Grumman_10033.html
April 29, 2010
By Calvin Biesecker General Dynamics [GD] yesterday posted a slight increase in first quarter earnings due to higher operating margins even though its sales fell in its business jet unit and most of its defense businesses. Net income increased 1 percent to...
http://www.defensedaily.com/sectors/financial/GD-Holds-Earnings-Steady-Despite-Drop-In-Sales_10034.html
April 23, 2010
By Calvin Biesecker L-3 Communications [LLL] yesterday posted a strong increase in its first quarter earnings despite relatively flat sales due to a lift in operating margins and lower pension expense, which more than offset a charge related to a new...
http://www.defensedaily.com/sectors/financial/Earnings-Rise-Amid-Flat-Sales-At-L-3_9960.html
April 23, 2010
By Calvin Biesecker Raytheon [RTN] yesterday posted a scant decrease in its net income, which was held back by pension expense and a loss from discontinued operations while sales rose modestly driven in large part by strong growth in a warfighter training...
http://www.defensedaily.com/sectors/financial/Raytheon-Posts-Slight-Decline-In-Net-Income-On-Higher-Sales_9961.html
April 22, 2010
By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a slight increase in first quarter sales but earnings fell 18 percent primarily due to a charge related to the recently approved federal healthcare bill and also because operating profits declined...
http://www.defensedaily.com/sectors/financial/Lockheed-Martins-Earnings-Slide-On-Healthcare-Charge-Dip-In-Operating-Profits_9947.html
April 22, 2010
By Calvin Biesecker Boeing [BA] yesterday posted a drop in first quarter net income due to an earlier reported charge stemming from a new healthcare law and sales slipped due to fewer commercial aircraft deliveries and lower volume on combat systems and...
http://www.defensedaily.com/sectors/financial/Boeing-Net-Falls-On-Healthcare-Charge-Sales-Down-In-Commercial-Defense_9948.html
April 19, 2010
L-3 Communications [LLL] last week said it has completed its acquisition of Insight Technology, adding to its capabilities in night vision and electro-optical systems. Terms...
http://www.defensedaily.com/sectors/financial/L-3-Completes-Purchase-of-Insight-Technology_9923.html
April 9, 2010
ATK [ATK] yesterday lowered its earnings, sales and free cash flow guidance for the rest of its fiscal year, saying it would take a $38 million pre- tax charge in the fourth quarter due to a decision to discontinue using two trade names associated with...
http://www.defensedaily.com/sectors/financial/ATK-Lowers-FY-10-Guidance_9839.html
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