Business/Financial
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Business/FinancialL3Harris Swings To Profit In Third Quarter; Aerojet Rocketdyne Deal Lifts Sales
L3Harris Technologies [LHX] last Thursday evening said it swung to a profit in its third quarter largely due to the lack of impairment charges that gouged earnings a year ago. […]
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Business/FinancialMarc Bell Attempts to Assuage Investor Concerns in Terran Orbital Town Hall
Terran Orbital [LLAP] held a town hall on Thursday to boost investor confidence in an attempt to raise the share price. Over an hour-long call, CEO and Chairman Marc Bell […]
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Business/FinancialNorthrop Grumman’s Earnings, Sales Up In Third Quarter On Strong Operating Performance
Northrop Grumman [NOC] on Thursday reported a slight increase in third quarter earnings on robust sales growth due to strong operating performance at its business segments coupled with the sale […]
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Business/FinancialBoeing’s Defense Unit Hit With $933 Million In Charges In Third Quarter
Boeing [BA] on Wednesday reported third quarter results that included $933 million in charges at the defense business, with work on the new Air Force One aircraft knocking $482 million […]
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Business/FinancialGD’s Earnings Fall On Operations Despite Solid Sales
General Dynamics [GD] on Wednesday reported a solid gain in sales in its third quarter due to strength across its defense segments but net income fell on lower operating earnings. […]
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Business/FinancialAnduril Hires Former Tesla Manufacturing Official To Help Scale Production
Anduril Industries on Wednesday said it has hired Keith Flynn as its first corporate manufacturing executive to help the company as it transitions to quickly scale production from tens and […]
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Business/FinancialCommercial Engine Charge Sends RTX To Loss In Third Quarter; Boosts Share Repurchase Program
RTX [RTX] on Tuesday said third quarter earnings swung to a loss due to an issue with a commercial aircraft engine component that it disclosed in July when it reported […]
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Business/FinancialShield AI, Sentient Partner On Maritime Radar For V-BAT UAS
Shield AI and its Australian partner Sentient Vision Systems on Monday said the two companies have signed a multi-year agreement for the supply of Sentient’s artificial intelligence-enabled wide area motion […]
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Business/FinancialTerran Orbital’s Independent Directors Support CEO, Company’s Direction
Terran Orbital’s [LLAP] independent board members last week rejected proposals by a minority shareholder group seeking the ouster of the company’s chairman and CEO and a potential sale of the […]
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PentagonDoD’s Concerns About Industrial Base Consolidation Not Matched By Resources, GAO Says
The Defense Department faces limitations in its insight into defense mergers and acquisitions (M&A) despite its concerns that industrial base consolidation can decrease competition and reduce resiliency in the supply […]