Aerospace Group:

Business/Financial

Boeing’s First Quarter Results Soar On Commercial Aircraft Business

Defense Daily Staff

Thursday, April 26th, 2012

SHARE:

An exceptionally strong performance in its commercial aircraft operations combined with a strong opening in its defense business led Boeing’s [BA] first quarter financial results higher, the company said yesterday. Net income rose 58 percent to $923 million, $1.22 earnings per share (EPS), from $586 million (78 cents EPS), driven by sales gains, margin improvements and a reduction in a litigation reserve. Analysts were expecting earnings of 93 cents EPS. The reduction in a litigation reserve added 11 cents EPS…

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 […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

Army

Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says

After lawmakers decided against including major “right to repair” reforms in the latest defense policy bill, a senior Army official has said the service is continuing its push for authorities […]

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]