Business/Financial
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Business/FinancialSandia National Lab Patents Self-Guided Bullet, Seeks Company Partner
Two Sandia National Laboratories engineers have invented and patented a self-guided bullet that could help warfighters, and now want a private company partner to complete prototype testing and bring a […]
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ArmyIcahn’s Move On Oshkosh Corp. Board Thwarted, Early Election Returns Show
Oshkosh Corp. [OSK] Friday said that a challenge by investor Carl Icahn to add new blood to its board has been beaten back based on the preliminary proxies turned in […]
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Business/Financial
Profits Up, Sales Down For Raytheon In Fourth Quarter; 2012 Guidance Down
Raytheon [RTN] yesterday posted strong earnings results in its fourth quarter despite a drop in sales but the company, similar to its big name competitors, offered relatively flat sales and […]
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Business/Financial
Lynn Taking Over At Finmeccanica’s DRS Subsidiary
Former Deputy Defense Secretary William Lynn has been appointed the chairman and CEO of DRS Technologies, a United States-based operating division of Italy’s Finmeccanica, effective immediately. Finmeccanica said that Lynn’s […]
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Army
Army Issues JLTV EMD RFP, DoD Supports Program In Coming Budget
The Army yesterday issued the long-awaited request for proposals (RFP) for the Engineering and Manufacturing Development (EMD) phase of the Joint Light Tactical Vehicle (JLTV) program, as the Defense Department […]
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Air ForceLockheed Martin Posts Lower Sales, Earnings In Fourth Quarter
Lower sales, higher pension expenses and decreased tax credits led Lockheed Martin [LMT] to report lower profits in its fourth quarter. The company expects sales to decline further in 2012 […]
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Air Force
Pentagon Unveils Budget Cuts In Opening Salvo With GOP
Pentagon leaders proposed multiple weapons-program changes yesterday–including cutting F-35 Joint Strike Fighter procurement, cancelling block 30 Global Hawk drones, and delaying the new ballistic-missile submarine–in the opening salvo of a […]
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Business/Financial
Boeing Closes 2011 On Strong Note But 2012 Earnings Guidance Below Expectations
A soaring commercial aircraft business coupled with a modest assist from its defense business gave Boeing [BA] a strong finish to its 2011 fiscal year, although earnings guidance for 2012 […]
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Business/Financial
GD’s Fourth Quarter Earnings Take A Hit On Charge At Aircraft Services Business
General Dynamics’ [GD] yesterday reported that its fourth quarter earnings fell 17 percent stemming from a hefty charge at its business that provides custom interiors to business jets. After a […]
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Business/Financial
BAE, Composites Firm Team On Infrastructure Protection Solutions
Combining their collective expertise in systems and products that protect troops, vehicles and various infrastructures, Britain’s BAE Systems and Composite Technologies have signed an exclusive teaming for a line of […]