:

Business/Financial

BWXT Chief Doesn’t Foresee Earnings Hit Over Botched Missile Tubes

Tuesday, August 7th, 2018

SHARE:

BWXT Chief Doesn’t Foresee Earnings Hit Over Botched Missile Tubes

Rex Geveden, CEO of BWX Technologies. (Photo: BWX Technologies)

Botched welding jobs on 12 missile tubes for the Navy’s next-generation ballistic-missile submarine should not materially affect tube-vendor BWX Technologies’ [BWXT] bottom line this year, the company’s chief executive said Tuesday.However, it is “too early to tell” whether the gaffe will prevent BWX Technologies (BWXT) from winning more business with the Navy’s Columbia-class submarine prime contractor General Dynamics [GD] Electric Boat (GDEB), Rex Geveden, BWXT’s chief executive officer, said on a conference call with investor analysts. Geveden said he expected…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]