Business/Financial
-
Business/FinancialHII’s Earnings Fall In First Quarter Despite Higher Sales
HII [HII] on Thursday reported lower net income in the first quarter due to lower operating income in its Mississippi-based shipbuilding segment and a pension adjustment despite a solid increase […]
-
SpaceMaxar Goes Private After Advent International Deal Goes Through
Private equity firm Advent International has closed its acquisition of Maxar, including a minority investment from British Columbia Investment Management Corporation. Maxar will no longer be a publicly traded company and its stock […]
-
Business/FinancialBooz Allen’s Venture Arm Invests In Company Focused On Ethical AI
Booz Allen Hamilton [BAH] on Wednesday said it has made a strategic investment in Credo AI, a small company that has developed a governance platform that helps customers maintain oversight […]
-
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 […]
-
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 […]
Tagged in: -
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 […]
-
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 […]
Tagged in: -
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 […]
-
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. […]
Tagged in: -
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 […]