COVID-19
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Business/FinancialNavy Nuke Biz Insulates BWXT From Worst of Virus Ills
Insulated from the worst of the COVID-19 pandemic by its big government contracts and a bread-and-butter nuclear-Navy business that never shuts down, BWX Technologies [BWXT] posted a modest uptick in […]
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COVID-19Air Domain Awareness Evaluation Keeps Slipping But DHS Still Hoping To Begin This Year
Initial evaluations of systems to detect, track and identify manned and unmanned aircraft as part of an air domain awareness initiative for homeland security applications continue to be delayed and […]
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Business/FinancialEarnings Fall At L3Harris On Divestiture, COVID Costs
L3Harris Technologies [LHX] last Friday reported a big drop in proforma net income due to the sale of its security detection and automation business, costs related to the ongoing pandemic, […]
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Business/FinancialNorthrop Grumman Posts Strong Second Quarter, Raises Guidance
Bolstered by generally solid results across its operating segments, Northrop Grumman [NOC] on Thursday reported higher sales and earnings in its second quarter and the company raised its outlook for […]
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Business/FinancialBoeing’s Losses Narrow But Sales Tumble As Outlook Remains Bleak
Boeing [BA] on Wednesday reported a loss in its second quarter, but not quite as bad as a year ago, as sales fell sharply on fewer commercial aircraft deliveries due […]
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Business/FinancialAmid Pandemic, GD’s Earnings, Sales Fall In Second Quarter Led By Aerospace, IT
General Dynamics [GD] on Wednesday posted lower earnings and sales in its second quarter on continued weakness in its Aerospace segment and an overall decline in its government and defense […]
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Congress$7 Billion For Weapons Procurement In Senate’s Proposed Relief Bill Draws Sharp Partisan Divide
Senate Republicans’ proposed pandemic relief package includes $7 billion for new weapons procurement, ranging from F-35s to Army AH-64 Apache helicopters, drawing a sharp partisan divide on including such funds […]
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COVID-19‘Many’ COVID-19 Transmissions at DoE Nuke Sites Were Outside of Work, Senior Official Says
“Many” of the nearly 250 National Nuclear Security Administration employees confirmed to have caught COVID-19 are believed to have contracted the disease while teleworking, the head of the nuclear-weapons agency […]
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Business/FinancialCommercial Woes Trip Raytheon Technologies In Second Quarter
Raytheon Technologies [RTX] on Tuesday said it swung to a loss in the second quarter largely due to a slump in commercial aerospace triggered by the ongoing COVID-19 pandemic while […]
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Congress
Senate Stimulus Would Provide $3 Billion For DHS
A proposal by Senate Republican to provide an additional stimulus package to help sustain the economy during the ongoing pandemic recommends $3 billion for the Department of Homeland Security, including […]