The Navy said the San Antonio-class amphibious transport dock ship future USS Fort Lauderdale (LPD-28) completed builder sea trials on Oct. 26.  The trials includes a series of in-port and at-sea demonstrations to allow the Navy and Huntington Ingalls Industries’ [HII] Ingalls Shipbuilding ...

Boeing [BA] on Tuesday reported higher sales and lower losses in the third quarter due to increased commercial aircraft deliveries and commercial services work. Boeing’s defense segment posted weak results with operating income down significantly due to a $185 million charge related to NASA’s ...

The states with the highest Pentagon spending increases in fiscal 2020 were Texas, Arizona and Maryland and contracts for the Lockheed Martin [LMT] F-35 and Raytheon [RTX] missiles were significant contributors, according to DoD’s annual defense spending by state report issued last week. & ...

General Dynamics [GD] on Wednesday reported solid financial results in its third quarter with low single digit top and bottom-line growth and strong free cash flow. Net income rose 3 percent to $860 million, $3.07 earnings per share (EPS), from $834 million ($2.90 EPS) a year ago, topping consensus ...

General Dynamics’ Land Systems [GD] (GDLS) and Leonidas announced on Monday they agreed to team up to integrate a directed energy system onto the Army’s Stryker for more Short Range Air Defense (SHORAD) capabilities. GDLS originally built the Stryker for the Army and Epirus specializes in ...

Lockheed Martin [LMT] on Tuesday reported lower sales in its third quarter and reduced its outlook for revenue for 2021 with further declines expected in 2022 before rebounding to growth beginning in 2023. Combined with the depressed sales outlook at least through 2022 and a cut to the forecast for ...