Business/Financial

L3Harris Technologies [LHX] last Friday posted lower sales and a steep drop in earnings in its fourth quarter due to impacts from divestitures and the ongoing COVID-19 pandemic on commercial […]

L3Harris Technologies [LHX] on Thursday said its board has approved a 20 percent increase in its quarterly cash dividend and authorized a new $6 billion share repurchase program, demonstrating confidence […]

AE Industrial Partners (AEI), which last year began building out a new space technology company through a series of acquisitions of small companies, on Thursday said it will be doing […]

Northrop Grumman [NOC] Chief Kathy Warden on Thursday said the company will soon discontinue its work on a program related to cluster munitions as part of the company’s effort to […]

Northrop Grumman [NOC] on Thursday said it swung to a profit in the fourth quarter on strong sales and the company also substantially boosted its share repurchase program with plans […]

Veritas Capital on Wednesday said it has agreed to acquire federal services provider Perspecta [PRSP], which will be combined with Peraton to create a top-tier federal technology and services company. […]

Boeing [BA] on Wednesday posted dramatically wider losses in its fourth quarter and full year on a bevy of charges, mainly related to its commercial aircraft programs, but the defense […]

General Dynamics [GD] on Wednesday reported slightly lower net income and sales in its fourth quarter compared with the same period in 2019—when COVID-19 had barely been identified—due mainly to […]

Raytheon Technologies [RTX] on Tuesday posted a steep decline in earnings in the fourth quarter driven by continued weakness in the commercial aerospace market. The weak commercial aerospace trends are […]

Lockheed Martin [LMT] on Tuesday posted strong fourth quarter financial results driven by top and bottom-line gains across its operating segments, topping a banner year for the nation’s largest defense […]