:

Business/Financial

BWXT Q1 Earnings Decline As Revenue Rises

Defense Daily Staff

Tuesday, May 10th, 2022

SHARE:

BWXT Q1 Earnings Decline As Revenue Rises

Earnings fell at BWX Technologies [BWXT] in the first quarter, which the company attributed Monday to pension issues and lower productivity in the naval reactors business. Net earnings for the first quarter were $59 million, or $0.64 per share, down from $69.7 million, or $0.73 a share, in the year-ago quarter. Quarterly revenue was $530.7 million up year-over-year from $528.2 million, according to the earnings press release. Quarterly segment operating income for the Government Operations segment was $72 million, down…

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 […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]