Business/Financial
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Business/FinancialStrong Showing From Defense Business Helps Lift Boeing’s Third Quarter Results
Boeing [BA] on Wednesday posted strong third quarter top and bottom line results with its commercial aircraft business driving the sales gains and its defense segment boosting earnings. Sales increased […]
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Business/FinancialAirbus Announces Defense and Space Division CEO Succession
Airbus announced on Tuesday that Dirk Hoke, recently CEO of the Large Drives business unit of Siemens AG, will succeed Bernhard Gerwert as CEO of Airbus Defense and Space (DS). […]
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Business/FinancialElbit Systems USA President Encourages Proactive U.S. Industrial Policy To Spur Innovation
The head of Elbit Systems of America called on the United States to have more proactive industrial policy, like Israel, if it wants to spur innovation in defense technologies. “I […]
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Business/FinancialSales, Profits Down Across UTC In Third Quarter; Plans $12 Billion Stock Buyback
United Technologies [UTX] on Tuesday posted lower sales and earnings in the third quarter across its operating segments due to impacts from adverse foreign exchange, lower organic revenue and restructuring […]
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Business/FinancialLockheed Martin’s Sales Up But Earnings Dip On Severance, Corporate Expenses
Lockheed Martin [LMT] on Tuesday posted higher sales but lower earnings in the third quarter as severance charges and higher corporate expenses more than offset a slight increase in operating […]
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Business/FinancialFormer Lockheed Martin CTO Elected To Assured Enterprises Inc. Board Of Directors
Assured Enterprises Inc. elected Ray Johnson, former Lockheed Martin [LMT] Chief Technology Officer (CTO) to the company’s board of directors, the company said Monday. Johnson recently served as senior vice […]
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Air ForceRaytheon and U.S. Air Force Test Electronic Warfare Weapon
Raytheon [RTN] and the Air Force completed the latest of a series of flight tests for the High Speed Anti-Radiation Missile (HARM) Control Section Modification (HCSM), the company said Monday. […]
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ArmyU.S. Army To Purchase Seven More Q-53 Radar Systems
The Army said it will buy seven more Lockheed Martin [LMT] AN/TPQ-53 (Q-53) Radar Systems for $85 million, the company said Monday. The Q-53 is a solid-state phased array counterfire […]
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Business/FinancialGSA Re-Issues RFP For CYBERCOM Support Services
The General Services Administration (GSA) re-issued a Request for Proposals (RFP) solicitation Thursday on FedBizzOpps to provide mission support services, including on offensive cyber operations, for U.S. Cyber Command (CYBERCOM) […]
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Business/FinancialTextron Names Mitch Snyder Bell Helicopter President, CEO
Textron [TXT] on Thursday named Mitch Snyder president and CEO of its Bell Helicopter unit. Snyder succeeds John Garrison, who is jointing Terex Corp. [TEX] as its new president and […]