Business/Financial
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Business/FinancialIndustry Raises Concerns With Navy Preferred Supplier Proposal
By Emelie Rutherford An industry group is warning a program the Navy is developing for granting some contractors "preferred supplier" status could inappropriately exclude smaller companies from contract competitions. The […]
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Business/Financial
USCG Awards EADS $117 Million Contract For Three HC-144A Aircraft
By Calvin Biesecker The Coast Guard last week awarded the European Aeronautic Defence and Space Co. (EADS) a $117.2 million contract to produce and deliver three HC-144A maritime patrol aircraft, […]
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Business/Financial
South Korea’s Newest Aegis Destroyer Successfully Completes CSSQT
By Geoff Fein South Korea conducted a successful testing of its newest destroyer’s Aegis combat system during three weeks of qualification trials, according to Lockheed Martin [LMT]. The Sejong the […]
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Business/Financial
Industry Says DoD’s Proposed Conflict of Interest Rule Too Broad
By Emelie Rutherford As the Defense Department finalizes new rules for thwarting organization conflicts of interest (OCI) with defense firms, some industry officials are saying the Pentagon is going beyond […]
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Business/Financial
STUAS Award Makes A Prime Out of Insitu
By Geoff Fein Last month’s award of the Navy’s Small Tactical Unmanned Aerial System (STUAS) Tier II contract to Insitu took the company from being a provider of service contracts […]
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Business/Financial
Navy Awards Boeing’s Insitu $43.7 Million For STUAS Tier II Effort
By Geoff Fein The Navy has awarded a $43.7 million contract to Insitu, the makers of ScanEagle, for the long-awaited Small Tactical Unmanned Aircraft System (STUAS)/Tier II program over three […]
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Business/Financial
Tax Benefit, Strong Operating Performance Lift Northrop’s Earnings
By Calvin Biesecker Northrop Grumman [NOC] reported strong second quarter earnings due to a previously disclosed tax benefit combined with strong performance across its operating segments. Net income soared 80 […]
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Business/Financial
Raytheon’s Earnings Take Big Hit On U.K. e-Borders Termination
By Calvin Biesecker Raytheon [RTN] yesterday said net earnings in the second quarter fell by more than 50 percent due to the United Kingdom Home Office’s sudden termination last week […]
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Business/Financial
Boeing’s Sales, Income Fall On Declines At Commercial And Defense
By Calvin Biesecker As expected, Boeing [BA] yesterday reported lower sales and earnings in the second quarter on fewer planned commercial aircraft deliveries, less work on an Army ground combat […]
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Business/Financial
GD Posts Modest Earnings Gains As Aero, Combat Margins Rise
By Calvin Biesecker Strong profit margin improvements at General Dynamics‘ [GD] business aircraft and Combat Systems segments and record operating profits at its information technology business helped drive an increase […]