Business/Financial

Lockheed Martin [LMT] on Tuesday named Jesus “Jay” Malave as its new chief financial officer (CFO), ending a six-month search after former finance chief Ken Possenriede abruptly retired. Malave, 53, […]

OSI Systems [OSIS] 2Q22                   2Q21 Sales                    $276.7M             $276M Net Inc.               $19.8M, $1.09   $20M, $1.10 Sales barely edged higher as an increase in the Optoelectronics segment and a scant gain in […]

L3Harris Technologies [LHX] on Monday reported higher earnings despite lower sales in its fourth quarter, aided by ongoing performance initiatives and an easier comparison versus a year ago when the […]

Huntington Ingalls Industries [HII] on Friday said that Chris Kastner, the company’s chief operating officer (COO), will take over as president and CEO effective March 1, succeeding Mike Petters, the […]

CACI International [CACI] on Wednesday said that in late December it acquired ID Technologies (IDT) for $225 million, a deal that boosts its capabilities in secure communications. ID Technologies, which […]

Northrop Grumman [NOC] on Thursday reported higher earnings in its fourth quarter due largely to a pension benefit while sales fell 15 percent on the divestiture last year of its […]

Boeing [BA] on Wednesday reported another charge in its program to develop and produce the Air Force’s new aerial refueling aircraft, although the blemish paled compared to an even heftier […]

General Dynamics [GD] on Wednesday posted top and bottom-line declines in its fourth quarter but for all of 2021 sales and earnings were higher. Major positives in the quarter and […]

The National Nuclear Security Administration’s (NNSA) counterterrorism office planned to replace its Bell Helicopter Textron [TXT]-made helicopters with a pair of Leonardo-made aircraft, according to a contract award posted online […]

Lockheed Martin [LMT] on Tuesday reported strong fourth quarter financial results, ending a challenging 2021 on a high note, although the company continues to project a drop in sales in […]