Business/Financial
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Business/FinancialCoast Guard Awards Huntington Ingalls Contract For Sixth Security Cutter
The Coast Guard yesterday said it has awarded Huntington Ingalls Industries [HII] a $487.1 million contract for construction of the sixth National Security Cutter, which will be built at the […]
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ArmySRA To Support Army’s Passive RFID Project
SRA International yesterday said it has received a potential five-year, $30 million contract to support an Army program that tracks the shipments of Defense Department assets using radio frequency identification […]
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Business/Financial
Raytheon Nabs Contract To Further Secure Jordanian Border
Raytheon [RTN] recently won a three-year, $35.6 million contract from the Pentagon’s Defense Threat Reduction Agency (DTRA) to provide an integrated surveillance solution for about 250 kilometers of Jordan’s land […]
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Business/Financial
FLIR Chief Lewis Retiring, Commercial Systems Head Teich Named Successor
After 13 years at the helm of FLIR Systems [FLIR], the company on Friday said that Earl Lewis will retire next month as president and CEO and will be succeeded […]
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Business/Financial
Tax Credit, Stock Repurchases, Margin Improvement Boost Raytheon’s Income As Sales Flatten
Basically in line with its peers, Raytheon [RTN] yesterday posted higher first quarter earnings amid flat sales, as an extension of the federal research and development tax credit combined with […]
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Business/Financial
Final Assessment Begins For Potential U.K. Defense Acquisition Overhaul
Defense Secretary Philip Hammond told Parliament yesterday that a year-long assessment phase has begun that is expected to lead to reform of the Ministry of Defense’s (MoD) equipment and support […]
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Business/Financial
Tax Benefit Boosts L-3’s First Quarter Earnings
L-3 Communications [LLL] yesterday posted higher net income thanks to the reinstatement of the federal research and development tax credit as the company’s operating income actually fell due to a […]
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Business/Financial
Lockheed Martin Opens Cyber Center Near Fort Meade
Lockheed Martin [LMT] yesterday opened a new Cyber Center of Excellence in Maryland near Fort Meade to better connect its employees, partners and customers as it builds its cyber security […]
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Business/Financial
Boeing’s Commercial, Defense Businesses Post Strong Earnings Although Sales Fall
Strong operating performance across the company combined with the extension of the federal research and development (R&D) tax credit powered a double-digit increase in Boeing’s [BA] first quarter earnings although […]
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Business/Financial
Stock Repurchases Boost Northrop Grumman’s Per Share Earnings Despite Lower Income, Sales
Bolstered by its strong stock repurchase program and solid operating performance, Northrop Grumman [NOC] yesterday reported per share earnings that handily beat analysts’ expectations even though sales and net income […]