Business/Financial
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Business/FinancialJacobs Reports Quarterly Increase In Revenue, Earnings
Earnings rose at Jacobs [J] in the 3rd quarter of fiscal 2022, which the engineering, procurement and construction contractor, active in the Department of Energy nuclear weapons complex, attributed to […]
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Business/FinancialSES Completes $450 Million Purchase Of Leonardo DRS’ Satellite Communications Unit
SES S.A. on Monday said it has completed its $450 million acquisition of DRS Global Enterprise Solutions (GES) in a deal that doubles the size of its U.S. government business. […]
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Business/FinancialHII’s Mission Technologies Segment Nabs $826 Million DoD Support Contract
HII [HII] on Monday said its Mission Technologies segment has won the Decisive Mission Actions and Technology Services (DMATS) task order, which is worth up to $826 million over five […]
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Business/FinancialSupply Chain, Litigation Costs Help Send Earnings Down At Aerojet Rocketdyne
Aerojet Rocketdyne [AJRD] on Monday posted lower earnings and sales in its second quarter due to supply chain disruptions, favorable performance a year ago on a rocket engine that made […]
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Business/FinancialAerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says
Like other defense companies posting second quarter financial results, L3Harris Technologies [LHX] last week reported ongoing headwinds related to its supply chain that impacted sales and earnings, challenges that aren’t […]
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Business/FinancialBoeing Appoints Walmart Executive To Lead Corporate Communications
Boeing [BA] on Thursday said it has appointed Brian Besanceney as its new senior vice president and chief communications officer, filling a role that has been vacant since early June […]
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Business/FinancialNorthrop Grumman Complying With Solid Rocket Motor Order In Orbital ATK Deal, Warden Says
Northrop Grumman’s [NOC] top executive on Thursday rejected any government concerns that the company isn’t complying with a consent order it agreed to in 2018 as part of its deal […]
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Business/FinancialLabor, Supply Chain Challenges Help Send Northrop Grumman’s Sales And Earnings Down
Northrop Grumman [NOC] on Thursday reported lower sales and earnings in its second quarter due in part to labor shortages and difficulty getting materials, although it said the tight labor […]
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Business/FinancialRaytheon Technologies Leads Funding Round In Hybrid-Electric Propulsion Startup
VerdeGo Aero, a startup company developing hybrid-electric propulsion for aircraft, on Wednesday announced a $12 million funding round led by RTX Ventures, the corporate capital group of Raytheon Technologies [RTX]. […]
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Business/FinancialDefense Weighs On Boeing’s Second Quarter Results
Boeing [BA] on Wednesday reported another quarter of lackluster results that included another series of charges in its defense segment, although losses in its commercial aircraft business narrowed and the […]