Business/Financial
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Business/FinancialEastern Shipbuilding Begins Construction Of First OPC
The Coast Guard on Monday said that keel has been authenticated for its first Offshore Patrol Cutter (OPC), a key milestone in the program signaling the formal start of construction […]
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Business/FinancialAFA Plans Annual Air, Space, Cyber Symposium to Take Place in Fall
The Air Force Association announced May 4 that the annual Air, Space and Cyber Symposium will take place in September outside Washington, D.C., with planners watching COVID-19 pandemic developments closely. […]
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Business/FinancialBAE Closes Acquisition Of Raytheon Technologies’ Airborne Tactical Radio Business
BAE Systems on Monday said it has completed its $275 million cash acquisition of the airborne tactical radio business from Raytheon Technologies [RTX], which was required by the U.S. government […]
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Air ForceRoper: ‘In a Perfect World,’ Launch Services Procurement Program Would Have Three Vendors
The Air Force’s acquisition czar reiterated April 29 that the service can only afford to award contracts to two launch providers for future national security space launches, after a government-sponsored […]
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Business/FinancialCACI Posts Strong Third Quarter Despite COVID-19 Dent
CACI International [CACI] on Wednesday posted strong third quarter financial results with double-digit percent gains in sales and earnings despite some hits from the ongoing pandemic. Net income increased 18 […]
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BudgetHASC Chair: More Funding for DoD Should Not Be Priority in Next COVID-19 Stimulus Bills
The next COVID-19-related stimulus packages that Congress considers should prioritize public health efforts, rather than the Defense Department, the top House Armed Services Committee Democrat said April 29. Lawmakers are […]
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Business/FinancialBoeing Swings To Loss In First Quarter As COVID Slams Company; KC-46 Suffers More Charges
As expected, Boeing [BA] took a wallop in its first quarter as a global economic hardship from the COVID-19 gouged first quarter financial results, mainly in its commercial businesses, but […]
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Business/FinancialCOVID-19 Impacts Hit GD’s First Quarter Results On Delayed Aircraft Deliveries
The ongoing coronavirus pandemic delayed General Dynamics’ [GD] deliveries of business jets in the first quarter, sending sales and net income lower. The company’s defense businesses overall reported slightly higher […]
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Business/FinancialNorthrop Grumman Opens 2020 With Higher Sales, Earnings; Lowers Guidance Due To Pandemic
Northrop Grumman [NOC] on Wednesday reported a solid increase in sales in the first quarter on increases across its operating sectors, although net income barely edged up as a pension […]
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AnalysisAnalysts: Defense Downturn Looming, Wave of Company Consolidation on Horizon
The national defense budget is likely to see a significant reduction within the next two years, both as a long-term effect of the COVID-19 coronavirus and in response to the […]