Business/Financial
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Business/FinancialCalhoun Sees 2021 As “Inflection Point” For Recovery; Boeing Posts Losses, Lower Sales
Boeing [BA] on Wednesday reported lower losses in its first quarter amid signs of a recovery in commercial aerospace and the company’s defense business posted strong results, largely driven by […]
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Business/FinancialGD Opens Year With Strong Sales, Flat Earnings
General Dynamics [GD] on Wednesday reported strong sales growth to open its fiscal year with all four operating segments posting gains although net income remained relatively flat. Sales in the […]
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Business/FinancialSerco Completes Acquisition Of WBB
Serco Inc. on Tuesday said it completed its $295 million acquisition of Whitney, Bradley & Brown (WBB) in a deal that allows it to provide full lifecycle support services to […]
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Business/FinancialHayes Doesn’t See Defense Department Adding Second Engine Source For F-35
Despite challenges sustaining the engine for the Defense Department’s F-35 fighter, Raytheon Technologies [RTX] CEO Greg Hayes said on Tuesday that he doesn’t expect the military services to fund an […]
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Business/FinancialRaytheon Technologies Swings To Profit In First Quarter
Raytheon Technologies [RTX] on Tuesday reported an increase in net income in the first quarter due to lower tax expenses and losses from discontinued operations versus a year ago and […]
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Business/FinancialRaytheon Technologies Hikes Dividend, Hayes Set To Assume Chairmanship
Raytheon Technologies [RTX] on Monday said its board has increased the company’s quarterly dividend to 51 cents per share, a more than 7 percent boost from the current dividend, payable […]
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Business/FinancialSAIC To Acquire Data Intelligence Firm Koverse
Science Applications International Corp. [SAIC] on Monday said it has agreed to acquire Koverse, which provides a scalable data management platform that enables artificial intelligence and machine learning for complex, […]
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Business/FinancialAEI Portfolio Firm American Pacific Invests In Space Company Frontier Aerospace
The private equity firm AE Industrial Partners (AEI) on Tuesday said its portfolio company American Pacific Corp., which produces specialty chemicals for the aerospace, defense and other markets, has made […]
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Business/Financial
Boeing Extends Retirement Age For Calhoun; CFO Smith Retiring
Boeing [BA] on Tuesday said its board has extended the mandatory retirement age for current CEO Dave Calhoun from age 65 to 70, providing stability at the top of the […]
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Business/FinancialLockheed Martin Opens Year With Solid First Quarter; Raises Guidance
Lockheed Martin [LMT] on Tuesday posted solid results in its first quarter with earnings and sales higher and the company increased its outlook this year for the top and bottom […]