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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

HASC Bill Would Allow Air Force To Buy More Than 267 F-15EXs

The House Armed Services Committee’s (HASC) fiscal 2027 defense authorization bill would allow the Air Force to buy more than 267 F-15EX fighters by Boeing [BA] and would extend the […]

Budget

Defense Bill Tries To Block Foreign Shipbuilding, Adds $1 Billion For Second DDG

The final version of the House Armed Services Committee’s (HASC) fiscal year 2027 defense authorization bill included two amendments pushed by Rep. Jared Golden (D-Maine) that restrict procuring Navy warships […]

Congress

Replacement Munitions May Not Be One-for-One; May Include New Weapons Chemistries, Wittman Says

As the Pentagon looks to refill inventories of weapons used in Iran and elsewhere, replacements may not be one for one but instead mark a new portfolio mix, according to […]

Congress

HASC Approves $1.15 Trillion FY ‘27 NDAA With ‘Right To Repair’ Reform

The House Armed Services Committee (HASC) has approved its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA), with the panel moving to adopt a bipartisan […]