Business/Financial
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Business/FinancialAerospace Lifts GD In Third Quarter; Raises Earnings Guidance
By Calvin Biesecker General Dynamics [GD] yesterday posted strong third quarter results led by its Aerospace segment that makes and services business jets. Overall, GD’s operating performance was strong as […]
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Business/Financial
Northrop’s Income Edges Up As Strong Operating Results Offset Higher Taxes
By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong operating results, allowing it to overcome higher tax payments and post a slight increase in net earnings in the third quarter. […]
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Business/Financial
Lockheed Martin Approves $3 Billion Share Repurchase Program
Lockheed Martin [LMT] yesterday said its board of directors has approved a new share repurchase program of up to $3 billion. The new stock buy back proram will replace the […]
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Business/Financial
DHS Extends Boeing’s SBI Contract Through November
By Calvin Biesecker The Department of Homeland Security (DHS) has awarded Boeing [BA] contract options that extend the company’s current contract for a virtual fence it is constructing on two […]
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Business/Financial
State Dept. Awards L-1 $27.6 Million Automated Face Recognition Contract
L-1 Identity Solutions [ID] has received a $27.6 million to provide an automated face recognition system to the Department of State in support of passport and visa operations. It is […]
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Business/Financial
DHS Awards SRI $3.7 Million For Maritime Security Technology Testbed
The Department of Homeland Security (DHS) Science and Technology (S&T) Directorate has awarded SRI International a $3.7 million contract for the Maritime Security Technology Pilot, which essentially entails SRI establishing […]
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Business/Financial
BAE Completes Acquisition of OASYS Technology
Britain’s BAE Systems yesterday said it has completed its purchase of OASYS Technology, boosting its capabilities in electro-optical systems. "This acquisition strengthens our ability to compete in the night vision […]
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Business/Financial
Boeing Swings To Profit On Strong Commercial Airplane Results
By Calvin Biesecker Boeing [BA] yesterday said its third quarter earnings swung to a profit on higher aircraft deliveries and strong operating performance in its commercial airplanes sector, which more […]
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Business/Financial
UTC Posts Strong Earnings On Meager Sales Growth
By Calvin Biesecker United Technologies [UTX] yesterday reported strong third quarter earnings on just a slight sales gain as ongoing restructuring initiatives to shed costs led to record operating segment […]
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Business/Financial
Executive Separation Charge Helps Drag Down Lockheed Martin’s Earnings
By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a sharp decline in third quarter earnings largely due to a hefty charge stemming from a previously announced voluntary executive separation program […]