Business/Financial
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Business/FinancialHII Ends 2023 With Strong Fourth Quarter
HII [HII] on Thursday reported strong top and bottom-line results for the fourth quarter of 2023, driven by a legal matter and an insurance settlement, and gains across its operating […]
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Business/FinancialArlington Capital Launches Aerostructure Components Manufacturer Verus Aerospace
Arlington Capital Partners has launched Verus Aerospace, a new brand in the aerostructure components market for the aerospace, defense, and space industries that was created from existing portfolio companies of […]
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Business/FinancialBoeing Discloses Further Defense Charges In Fourth Quarter; Overall Losses Fall
Boeing [BA] on Wednesday said its defense segment swung to an operating loss in the fourth quarter of 2023 due to additional charges on fixed-price development programs despite strong sales […]
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Business/FinancialOpportunities For Aerojet Rocketdyne Booming As Operating Performance Improves, Kubasik Says
In the six months since L3Harris Technologies [LHX] acquired Aerojet Rocketdyne, business opportunities for the rocket maker are exploding and it is making progress on improving operating performance to meet […]
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Business/FinancialL3Harris Posts Lower Earnings On Impairment Charge, Higher Interest; Acquisitions Lift Sales In Fourth Quarter
L3Harris Technologies [LHX] last Thursday reported lower net income in the fourth quarter due to an asset impairment charge related to the pending sale of a commercial aviation business and […]
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Business/FinancialNorthrop Grumman Takes $1.2 Billion Charge On B-21; Expects Losses Through Decade On LRIP Lots
After previously warning of a potential but not “probable” loss on the initial B-21 stealth bomber production contracts, Northrop Grumman [NOC] on Thursday reported a $1.2 billion after-tax charge on […]
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Business/FinancialArlington Capital Forms New Defense Manufacturing Company
Arlington Capital Partners on Thursday said it has formed Keel Holdings, LLC, a vertically integrated manufacturer of complect structures for defense programs that is designed to meet customer needs for […]
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Advanced / Transformational TechnologyDirected Energy Weapons Supply Chain Suffers, NDIA Report Warns
The defense industrial base for directed energy weapons (DEWs) suffers from inconsistent demand, insufficient production capabilities, limited suppliers, reliance on China for certain rare metallic elements, and labor shortages, says […]
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Business/FinancialGD Posts Higher Sales, Earnings In Fourth Quarter; Sees Bright 2024
General Dynamics [GD] on Wednesday reported higher sales and earnings in its fourth quarter, although results across its operating segments were mixed. Net income rose a percent to $1 billion, […]
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Business/FinancialEarnings, Sales Flat In Fourth Quarter But Beat Lockheed Martin’s Expectations
Lockheed Martin [LMT] on Tuesday posted flat earnings and a scant decline in sales in the fourth quarter, but the results were better than the company had forecast, leading to […]