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Business/Financial

Aerospace Lifts GD In Third Quarter; Raises Earnings Guidance

DDN

Thursday, October 28th, 2010

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By Calvin Biesecker General Dynamics [GD] yesterday posted strong third quarter results led by its Aerospace segment that makes and services business jets. Overall, GD's operating performance was strong as it increased operating margins 80 basis points to 12.1 percent as net income rose 14 percent to $650 million, $1.70 earnings per share (EPS), while sales increased 4 percent to $8 billion. Per share earnings beat analysts' expectations by five cents. A year ago GD earned $572 million ($1.47 EPS)…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]