Reporter: Business/Homeland Security
Defense Daily
Ph: 434-242-7750
Cal Biesecker
Articles By Cal
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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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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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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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Business/FinancialImpulse Space Raises $45 Million In Funding Round Led By RTX Ventures
In space transportation company Impulse Space on Monday said it raised $45 million in a funding round led by the venture arm of RTX [RTX] that will be used in […]
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CyberBiden Nominates Former Intelligence Official To Be National Cyber Director
President Biden on Tuesday nominated Harry Coker, Jr., a former Navy officer and intelligence official, to be the National Cyber Director. Coker has been an operating partner with the London-based […]
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Business/FinancialEarnings Edge Higher, Sales Strong At RTX In Second Quarter
RTX [RTX] on Tuesday posted strong sales although net income rose marginally due to various accounting adjustments and a customer insolvency and the company also disclosed an issue in its […]
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Business/FinancialBooz Allen To Pay $377 Million To Resolve Justice Department Allegations
The Justice Department last Friday said Booz Allen Hamilton [BAH] has agreed to pay the U.S. government $377.5 million to resolve allegations that it violated federal law by improperly charging […]
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Business/FinancialSafran To Acquire Actuation And Flight Control Business Of Collins Aerospace
France’s Safran Group last Friday said it has agreed to acquire the actuation and flight controls business of Collins Aerospace, an operating segment of RTX [RTX], for $1.8 billion in […]
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