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Business/Financial

Boeing Unit Advances, But Earnings From United Launch Alliance A Drag

DDN

Monday, April 27th, 2009

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The Boeing Co. [BA] saw its network and space systems unit advance operating margin profit by 7.7 percent, but lower earnings from the United Launch Alliance joint venture with Lockheed Martin Corp. [LMT] dulled the performance, Boeing announced. The company, the second-largest defense contractor, released its results for the January-March quarter of this year. Further, year-earlier results included a favorable settlement on a satellite program. Boeing also was wary in commenting on Secretary of Defense Robert Gates' proposed defense budget…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]