Business/Financial

By Calvin Biesecker L-3 Communications [LLL] yesterday posted a strong increase in its first quarter earnings despite relatively flat sales due to a lift in operating margins and lower pension […]

By Calvin Biesecker Raytheon [RTN] yesterday posted a scant decrease in its net income, which was held back by pension expense and a loss from discontinued operations while sales rose […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday posted a slight increase in first quarter sales but earnings fell 18 percent primarily due to a charge related to the recently approved […]

By Calvin Biesecker Boeing [BA] yesterday posted a drop in first quarter net income due to an earlier reported charge stemming from a new healthcare law and sales slipped due […]

By Geoff Fein The Navy is facing a future with no budgetary growth and therefore must be vigilant in how it works contracts for the things it wants to buy, […]

By Geoff Fein The Naval Network Warfare Command has extended the deployment of General Dynamics‘ [GD] the Common Network Interface (CNI) software package on the Navy’s Information Technology-21st century (IT-21) […]

By Geoff Fein A Bell Helicopter Textron [TXT]-Boeing [BA] team developing the V-22 is the latest entry to propose a response to the Navy’s VXX presidential helicopter request for information […]

By Geoff Fein The USS Enterprise (CVN-65) returned to Naval Station Norfolk, Va., this week after several days of successful sea trials following a lengthy and costly overhaul. The Enterprise […]

By Geoff Fein One-time presidential helicopter competitors Lockheed Martin [LMT] and Sikorsky [UTX] have teamed up for the Navy’s latest foray to replace the terminated VH-71, according to the two […]

By Geoff Fein Using their own internal research and development funds, Raytheon [RTN] and Boeing [BA] fired the first Joint Air-to-Ground Missile (JAGM) during a test at White Sands Missile […]