Business/Financial
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Business/FinancialLockheed Martin Space To Consolidate Business Lines
Lockheed Martin [LMT] last week said its Space segment will reorganize its business lines in the coming months, going from five to three lines to better keep up with customer […]
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Business/FinancialAIA Presses OMB To Block Supply Chain Element Of Greenhouse Gas Emissions Disclosures
The Aerospace Industries Association (AIA) this week asked the director of the Office of Management and Budget (OMB) to block a proposed requirement that would have certain federal contractors, including […]
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Business/FinancialEarnings, Sales Fall As Leonardo DRS Opens Year
Leonardo DRS [DRS] on Wednesday evening reported lower earnings and sales in its first quarter largely due to headwinds from a boost the company received a year ago in the […]
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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 […]
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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 […]
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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 […]
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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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