Business/Financial
-
Business/FinancialBWX Technologies Cites Strong First-Quarter Earnings
BWX Technologies [BWXT] brought in $542 million in first-quarter 2020 revenue, 30% more than the $416 million generated during the first three months of 2019. Net income for the period ended […]
-
Business/FinancialL3Harris Posts Higher Sales, Income In First Quarter
L3Harris Technologies [LHX] on Tuesday reported higher pro forma earnings and sales in its first quarter, although the company reduced its financial outlook for 2020 to account for the global […]
-
Business/FinancialLeidos Posts Mixed Results In First Quarter; Lowers Profit Outlook On Covid Impacts
Leidos [LDOS] on Tuesday reported higher sales but lower earnings with the top line gains driven by higher volume, new program wins and recent acquisitions and the bottom line impacted […]
Tagged in: -
Business/FinancialLeidos Completes $1 Billion Acquisition Of L3Harris’ Detection And Automation Businesses
Leidos [LDOS] on Monday completed its $1 billion acquisition of the security and detection, and automation businesses of L3Harris Technologies [LHX], adding a strong and varied product portfolio used to […]
-
Business/FinancialEastern Shipbuilding Begins Construction Of First OPC
The Coast Guard on Monday said that keel has been authenticated for its first Offshore Patrol Cutter (OPC), a key milestone in the program signaling the formal start of construction […]
-
Business/FinancialAFA Plans Annual Air, Space, Cyber Symposium to Take Place in Fall
The Air Force Association announced May 4 that the annual Air, Space and Cyber Symposium will take place in September outside Washington, D.C., with planners watching COVID-19 pandemic developments closely. […]
Tagged in: -
Business/FinancialBAE Closes Acquisition Of Raytheon Technologies’ Airborne Tactical Radio Business
BAE Systems on Monday said it has completed its $275 million cash acquisition of the airborne tactical radio business from Raytheon Technologies [RTX], which was required by the U.S. government […]
-
Air ForceRoper: ‘In a Perfect World,’ Launch Services Procurement Program Would Have Three Vendors
The Air Force’s acquisition czar reiterated April 29 that the service can only afford to award contracts to two launch providers for future national security space launches, after a government-sponsored […]
-
Business/FinancialCACI Posts Strong Third Quarter Despite COVID-19 Dent
CACI International [CACI] on Wednesday posted strong third quarter financial results with double-digit percent gains in sales and earnings despite some hits from the ongoing pandemic. Net income increased 18 […]
-
BudgetHASC Chair: More Funding for DoD Should Not Be Priority in Next COVID-19 Stimulus Bills
The next COVID-19-related stimulus packages that Congress considers should prioritize public health efforts, rather than the Defense Department, the top House Armed Services Committee Democrat said April 29. Lawmakers are […]
Tagged in: