Business/Financial
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Business/FinancialL3Harris Posts Higher Sales, Operating Income In Fourth Quarter
L3Harris Technologies [LHX] on Tuesday posted higher pro forma sales and operating income in its fourth quarter driven by gains in each of its segments and the company said it […]
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Business/FinancialHuntington Ingalls To Gain Share Of Small, Medium UUV Market With Hydroid Deal
Huntington Ingalls Industries [HII] on Tuesday said it has agreed to acquire Hyrdroid Inc. for $350 million in cash, adding field-proven products and know-how in small and medium autonomous unmanned […]
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Business/FinancialPeraton To Continue Supporting DHS Radar Program With $278 Million Award
Peraton has received a potential $277.5 million contract from Customs and Border Protection (CBP) to continue providing operations and integrated logistics support for the Tethered Aerostat Radar System (TARS), which […]
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Business/FinancialLeidos $1 Billion Deal For L3Harris Detection Business Will Create Comprehensive Security Portfolio
Leidos [LDOS] on Tuesday morning said it has agreed to acquire the Security & Detection and automation business units of L3Harris Technologies [LHX] for $1 billion in cash, adding a […]
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Business/FinancialEarnings News & Notes
OSI Systems [OSIS] 2Q20 2Q19 Sales $305.3M $303.2 Net Inc. $21.0M, $1.12 $19.1, 1.03 The top line barely eked out a 1 percent gain due to record sales in the […]
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Business/FinancialAirbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations
The Department of Justice last Friday said that Airbus Group has agreed to pay the U.S. government $592 million to settle bribery and corruption charges related to commercial aircraft sales […]
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Air ForcePoland Officially Commits to $4.6 Billion F-35 Contract
Poland’s leaders signed a contract Jan. 31 to formally procure 32 F-35A Joint Strike Fighters for $4.6 billion, becoming the latest partner to join the F-35 family via foreign military […]
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Business/FinancialIncome, Sales Higher At Raytheon In Fourth Quarter; Kennedy Touts Classified, International Work
Raytheon [RTN] on Thursday reported strong fourth quarter financial results driven by gains across the company’s operating segments and the company said it expects to close its pending merger with […]
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Business/FinancialNorthrop Grumman Reports Strong Fourth Quarter Despite Accounting Related Charge
Northrop Grumman [NOC] on Thursday swung to a loss in its fourth quarter due to a change it adopted a year ago in accounting for pension and other post-retirement benefits, […]
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Business/FinancialMAX Woes Send Boeing To $1 Billion Loss In Fourth Quarter; Defense Suffers From Starliner Setback
As expected, Boeing [BA] on Wednesday announced dismal fourth quarter financial results due to massive charges and additional costs related to the 737 MAX commercial aircraft, leading to losses in […]