Business/Financial
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Navy/USMCBoeing Begins Work On Upgraded Growler; Flight-Testing Underway For Super Hornet Block III Aircraft
NATIONAL HARBOR, Md.—Boeing [BA] has initiated development work for an upgraded version of its aircraft carrier-based electronic warfare aircraft for the Navy that will include advanced sensors, increased computer power […]
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Business/FinancialAeroVironment, Kratos Team To Integrate Tactical UAS And Missiles Into Long-Range UAS
NATIONAL HARBOR, Md.–Seeking to demonstrate low cost, innovative capabilities to deliver surveillance and lethality at stand-off ranges using existing systems, AeroVironment [AVAV] and Kratos Defense & Security Systems [KTOS] have […]
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SpacePence Praises American Leadership in Space, Vows Space Force Will Happen at SATELLITE Show
Vice President Mike Pence lauded U.S. leadership in the booming global space industry and renewed the Trump administration’s call to stand up a new Space Force within the Pentagon in […]
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Business/FinancialPension Adjustments Dampen Huntington Ingalls’ Earnings In First Quarter Despite Strong Sales
Huntington Ingalls Industries [HII] on Thursday posted a big drop in net income in its first quarter due to less favorable pension adjustments, but the company’s top line growth was […]
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Air ForceBoeing Awarded Up to $5.7 Billion for KC-46 Post-Production Work
The Air Force awarded Boeing [BA] a contract worth up to $5.7 billion over 10 years that provides for a range of post-production requirements for the KC-46A aerial refueler, including […]
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PentagonWatchdog Report Calls for Increased Action to Maintain F-35 Reliability and Modernization
A new report calls on the Pentagon to take new actions to keep the F-35 Joint Strike Fighter’s reliability and modernization efforts on cost and on schedule. The report, released […]
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CyberNew Supply Chain Council Addressing ‘Whack-A-Mole’ Approach To Security Decisions, Federal CISO Says
The new federal council tasked with addressing supply chain security will hold its first meeting before the end of the month as officials look to implement a more scalable approach […]
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Business/FinancialRaytheon Delivers Strong First Quarter But No Change To Guidance
Raytheon [RTN] on Thursday reported strong first quarter results with the company’s earnings leading the way with a double-digit gain on operational performance, some pension tailwinds and other positives. Despite […]
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Business/FinancialGDIT Partnering With Smaller Companies To Meet Innovation ‘Paradigm Shift,’ Shrinking R&D Budgets
General Dynamics [GD] Information Technology (GDIT) will look to increasingly leverage Silicon Valley and smaller companies’ innovations in new technology areas, specifically automation, as government customers face tighter research and […]
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Business/FinancialNorthrop Grumman Off To A Solid Start In 2019 With Higher Sales And Earnings
The acquisition last year of Orbital ATK combined with strong results in the company’s Aerospace Systems led to a solid opening quarter for Northrop Grumman [NOC], with sales and earnings […]