Business/Financial

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong first quarter earnings despite weaker sales due to income from its pension assets, operating segments and from its former shipbuilding unit […]

By Calvin Biesecker General Dynamics [GD] yesterday reported a modest rise in net income in the first quarter amid a scant increase in sales as three of its four segments […]

By Calvin Biesecker Boeing [BA] yesterday posted higher net income in the first quarter due to sharply lower tax expenses and sales fell slightly on a drop in revenues from […]

L-3 Communications [LLL] yesterday said its board of directors has authorized a new $1.5 billion share repurchase program in effect through April 30, 2013. The share repurchase program is in […]

By Emelie Rutherford Senate Republicans are railing against a potential White House mandate for companies to disclose their political campaign contributions before being considered for government contracts. A draft of […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday posted slightly lower net income in its first quarter due to a loss to two former business units, although earnings from continuing operations […]

By Calvin Biesecker Britain’s Chemring Group PLC last week said it has conditionally agreed to acquire the North Carolina-based Chemical, Biological and Explosives (CBE) operation from General Dynamics‘ [GD] Armament […]

Northrop Grumman [NOC] yesterday said that along with the Univ. of Maryland Baltimore County (UMBC) Research Park Corp. it has opened the Cync incubator program to cultivate companies that are […]

By Calvin Biesecker L-3 Communications [LLL] yesterday posted lower net income in the first quarter due to lower operating profits and slightly lower sales, although the company raised its earnings […]

By Calvin Biesecker Textron Inc. [TXT] yesterday swung to a profit in the first quarter due to lower charges, higher sales and improved operating results at its Bell and Industrial […]