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Air Force

ATK Opens FY ’09 With Strong Results Despite Space Glitch

DDN

Friday, August 8th, 2008

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By Calvin Biesecker Alliant Techsystems [ATK] yesterday posted strong earnings and sales to open its new fiscal year, powered by record results in its ammunition business that more than offset poor earnings in its space business, which suffered a $15 million charge related to performance fixes on spacecraft structures. Net income increased 10 percent to $57.9 million, $1.64 earnings per share (EPS), from $52.4 million ($1.50 EPS). Operating margins dipped a full percent to 9.6 percent due to the charge,…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]