Month: July 2023
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Business/FinancialNorthrop Grumman Powers On B-21; Won’t Bid On NGAD
The first B-21 Raider stealth bomber flight-test aircraft was successfully powered-on during the second quarter, a key milestone ahead of the initial flight that is expected during the second half […]
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Business/FinancialNo Consent Decree Required For FTC Approval Of Aerojet Deal, L3Harris’ Kubasik Says
The federal government did not require L3Harris Technologies [LHX] to negotiate a consent agreement to ensure it would be an unbiased supplier of tactical missile motors and rocket engines before […]
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Business/FinancialL3Harris Reports Strong Sales, Lower Earnings In Second Quarter
L3Harris Technologies [LHX] on Wednesday said its net income fell in the second quarter largely due to asset impairment charges despite strong sales growth. Net income tumbled 25 percent to […]
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Business/FinancialL3Harris To Close Aerojet Rocketdyne Deal Shortly After FTC Gives Nod
L3Harris Technologies [LHX] on Wednesday afternoon after the close of the stock markets said the Federal Trade Commission notified the company it would not oppose its $4.7 billion acquisition of […]
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CyberSEC Approves Rule On Cybersecurity Incident Disclosures, Risk Management Plans
As the Cybersecurity and Infrastructure Security Agency (CISA) continues through a lengthy rulemaking process to establish requirements for cybersecurity incident reporting by certain critical infrastructure entities, the Securities and Exchange […]
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ArmySNC, New Leidos-L3Harris Team Readying For Army’s ATHENA-S ISR Jet Award By End Of FY ‘23
Sierra Nevada Corporation (SNC) and a newly announced team of Leidos [LDOS] and L3Harris Technologies [LHX] have detailed their proposals for the Army’s ATHENA-S intelligence, surveillance and reconnaissance (ISR) jet […]
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Business/FinancialBoeing Swings To Loss In Second Quarter On Defense, Space And Commercial Programs
Losses on several defense and space programs combined with a wider loss in the commercial airplane building segment led Boeing [BA] on Wednesday to report a net loss in income […]
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Air ForceBiden Nominates Allvin as New USAF Chief of Staff
President Biden nominated U.S. Air Force Vice Chief of Staff Gen. Dave Allvin as the service’s new uniformed head to replace Gen. Charles Q. Brown, whom Biden has nominated to […]
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Business/FinancialGD’s Earnings Dip Despite Strong Sales In Second Quarter
General Dynamics [GD] on Wednesday posted lower net income despite strong sales growth in its second quarter in part due to a decline in operating earnings at its Technologies and […]
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Navy/USMCJCREW Counter-IED Program Marks Full Capability
A Navy program office this week announced the Joint Counter Radio-Controlled Improvised Explosive Device (RCIED) Electronic Warfare (JCREW) program reached full operational capability (FOC) ahead of schedule. The July 25 […]
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