Business/Financial
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Business/FinancialL3Harris Posts Lower Income, Higher Sales In First Quarter; Kubasik Defends AJRD Bid
L3Harris Technologies [LHX] last Thursday reported a sharp drop in first quarter earnings driven by higher interest and pension expenses and a combination of costs related to acquisitions and divestitures […]
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Business/FinancialNorthrop Grumman’s Earnings Slip On Pension Headwinds; Raises Earnings Guidance
Northrop Grumman [NOC] on Thursday reported lower net income in its first quarter largely due to a decline in pension income while the company recorded a healthy sales gain and […]
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Business/FinancialLosses Narrow At Boeing In First Quarter; Sales Strong
Boeing [BA] on Wednesday reported lower losses in its first quarter versus a year ago as operating losses in its defense and commercial aircraft segments narrowed while sales were strong […]
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Business/FinancialGD Reports Flat Income Despite Higher Sales To Open Year
General Dynamics [GD] on Wednesday reported flat income on higher sales in its first quarter as higher taxes wiped away bottom line gains at the operating level. Net income in […]
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Business/FinancialKremer Tapped To Lead Raytheon Segment As Raytheon Technologies Settles Large Realignment Shifts
Raytheon Technologies [RTX] on Tuesday said that long-time executive Wes Kremer will lead the company’s new Raytheon segment when it stands up in July as part of a reorganization of […]
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Business/FinancialRaytheon Technologies Opens Year With Strong Quarter Driven By Commercial Aerospace
Raytheon Technologies [RTX] on Tuesday posted handsome top and bottom-line gains in its first quarter driven largely by its commercial aerospace work and to a lesser degree its defense business. […]
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Business/FinancialL3Harris Settles False Claims Act Allegations For $21.8 Million; Gets $8 Million Back
The Department of Justice on Monday said that L3Harris Technologies [LHX] has agreed to pay $21.8 million to settle allegations its Communications Systems West business unit for double billing on […]
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Business/FinancialLockheed Martin Reports Growth in Space, Yet Continued Supply Chain Headwinds in Munitions, Other Areas
Lockheed Martin [LMT] first quarter sales grew slightly from $15 billion last year to $15.1 billion this year on the strength of 16 percent sales growth in the space sector, […]
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SpaceLockheed Martin Space Launches Rapid R&D Unit To Outpace Threats
COLORADO SPRINGS, Colo.—Lockheed Martin [LMT] earlier this year stood up a new innovation arm within its Space segment to quickly ramp up research, development and demonstration efforts and test new […]
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Business/FinancialGreystones Group Acquires IP For Data Analytics Software
Greystones Group, a woman-owned small business, said it has acquired the intellectual property for a proprietary advanced data analytics software it plans to market to federal agencies for mission critical […]