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Business/Financial

BWXT Earnings Rise Behind Hanford Tanks, Other Government Deals

Defense Daily Staff

Tuesday, May 9th, 2023

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BWXT Earnings Rise Behind Hanford Tanks, Other Government Deals

Earnings rose at BWX Technologies [BWXT] in the first quarter, which the nuclear services and manufacturing company attributed largely to its government operations. Net earnings for the first quarter ended March 31 were $61 million or $0.67 per share up from $59.1 million, or $0.64 a share, in the year-ago quarter. Quarterly revenue was $568.4 million, up year-over-year from $530.7 million, the company said in a Monday press release. Quarterly segment operating income for the Government Operations segment was $90.6…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]