Reporter: Business/Homeland Security
Defense Daily
Ph: 434-242-7750
Cal Biesecker
Articles By Cal
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Business/FinancialStrong Defense Demand Paces Leonardo DRS In Second Quarter
Driven by strong defense demand across its businesses, Leonardo DRS [DRS] on Tuesday reported higher sales and earnings in its second quarter. Net income increased 9 percent to $38 million, […]
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Business/FinancialLeidos Posts Strong Second Quarter Results Led Again Health Business
Leidos [LDOS] on Tuesday reported strong second quarter financial results driven by its federal health services business combined with top-line growth across its business segments and improved operating margins. Net […]
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Homeland SecurityCoast Guard Medium Endurance Cutter Begins Life Extension Program
The Coast Guard last week said its 270-foot Famous-class cutter Legare began a 15-month service life extension program (SLEP), the second medium-endurance cutter that will undergo a full life extension. […]
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Business/FinancialFollowing ICE Pact, Canadian Shipbuilder Seeking To Partner In U.S.
Canada-based shipbuilder Davie on Monday said it will make a commitment to the U.S. shipbuilding industry following an agreement earlier in July among the U.S., Canada, and Finland to collaborate […]
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UncategorizedAerojet Deal Helps Lift L3Harris’ Results In Second Quarter
L3Harris Technologies [LHX] last Thursday reported top and bottom-line gains in its second quarter, largely due to its acquisition a year ago of rocket motor and engine company Aerojet Rocketdyne. […]
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Business/FinancialNorthrop Grumman Expects Next B-21 Lots To Be Profitable; Posts Strong Second Quarter
Northrop Grumman [NOC] officials on Thursday reaffirmed that the next round of production contracts for the Air Force’s new stealth bomber will be set at higher prices than the current […]
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Business/FinancialRTX Posts Strong Operating Results But Bevy Of Charges Crimp Income In Second Quarter
A series of charges ranging from legal resolutions and a looming international contract termination to accounting adjustments and restructuring items drove earnings down at RTX [RTX] in the second quarter […]
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Business/FinancialUrsa Major Opening New Manufacturing Center In Ohio
Rocket motor and engine startup Ursa Major is investing to expand a small manufacturing, and research and development center in Eastern Ohio as it begins to ramp up production in […]
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Business/FinancialDoD Strategic Capital Office Wants Feedback From Lenders, Companies On Loan Program
The Defense Department’s new Office of Strategic Capital (OSC) on Wednesday issued two Requests for Information (RFI) to financial institutions and companies seeking feedback related to a loan program being […]
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Business/FinancialBusiness Jets, Defense Power Strong Second Quarter For General Dynamics
Buoyed by the start of deliveries of its newest business jet combined with robust defense demand, General Dynamics [GD] on Wednesday reported strong sales and earnings in its second quarter. […]