Business/Financial
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Business/FinancialHawkish Lawmakers Assess Final Debt Deal Before Senate
Hawkish lawmakers skeptically assessed yesterday the deficit-reduction deal the White House and congressional leaders reached Sunday, which could cut defense-related spending by $850 billion or more over the next decade. The […]
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Business/Financial
TSA Awards $483 Million In Security Contracts To L-3, Lockheed Martin And Boeing
The Transportation Security Administration (TSA) has awarded three contracts to L-3 Communications [LLL], Lockheed Martin [LMT] and Boeing [BA] totaling up to $483 million for maintenance, upgrades and installation of […]
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Business/Financial
L-3 To Spin-Off $2 Billion Government Services Company
Responding to changing market conditions and relatively new conflict of interest rules, L-3 Communications [LLL] yesterday said it will spin-off the majority of its Government Services segment into a $2 […]
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Business/Financial
Raytheon Posts Higher Income And Sales
Raytheon [RTN] yesterday reported higher second quarter earnings and sales as the company benefited from a decline in charges related to a terminated border security contract with a British agency […]
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Business/Financial
GD Ekes Out A Profit As Sales Drop Slightly In Second Quarter
Despite lower operating earnings and sales, General Dynamics [GD] yesterday managed a 1 percent increase in its net income in the second quarter due to lower net interest expense and […]
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Air ForceStrong Operating Performance Lifts Boeing In Second Quarter
Boeing [BA] yesterday reported strong second quarter financial results driven by sales growth at its Commercial Airplanes segment and margin improvements at the commercial and defense segments. “Strong operational performance […]
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Business/Financial
Earnings Tumble At Northrop Grumman But Still Beat Expectations
Owing to a tough comparison versus a year ago when it benefited from a $298 million tax benefit, Northrop Grumman [NOC] yesterday posted a steep decline in net income in […]
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Air Force
Lockheed Martin Boosts Operating Profits, Sales In Second Quarter
Lockheed Martin [LMT] yesterday posted a gain in its earnings from continuing operations in the second quarter due to higher profits in each of its operating segments while sales increased […]
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Business/Financial
CACI To Acquire Federal Cyber Security And IT Solutions Provider Paradigm
CACI International [CACI] on Monday evening said it has agreed to acquire Paradigm Holdings, Inc. [PDHO], a small provider of cyber security and forensics, and enterprise information technology (IT) solutions […]
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Business/Financial
Safran Closes Acquisition of L-1
France’s Safran yesterday said it has completed its $1.1 billion acquisition of L-1 Identity Solutions making it the “world leader in biometric identity solutions.” L-1 is being renamed MorphoTrust and […]