Business/Financial
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Business/FinancialHASC Panel: Audits Major Industry Complaint
Members of a new House panel charged with finding ways to help companies contract with the Pentagon said government auditing requirements are a major frustration for smaller defense contractors. While […]
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Air ForceIndia Would Spend More Than $1 Billion On C-130J Aircraft
The Defense Security Cooperation Agency (DSCA) notified Congress Oct. 26 of a possible Foreign Military Sale to India for six Lockheed Martin [LMT] C-130J aircraft and associated equipment, parts, training […]
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Business/Financial
Higher Taxes, Lower Operating Income Send Raytheon’s Net Earnings Tumbling
Raytheon [RTN] yesterday posted sharply lower net income in its third quarter due to higher taxes and lower operating income in its business segments, although results easily beat consensus estimates […]
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Business/Financial
ManTech To Acquire Small Federal IT Firm
ManTech International [MANT] yesterday said it has agreed to acquire Maryland-based Worldwide Information Network Systems, Inc. (WINS) for $90 million in cash on hand, boosting capabilities in information technology (IT) […]
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Business/Financial
GD’s Third Quarter Income Flat As Sales Ebb
General Dynamics [GD] yesterday said its net income in the third quarter remained level despite a slight dip in sales as the company continues to aggressively manage costs and find […]
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Business/Financial
Boeing’s Profits Soar On Strong Performance In Defense And Commercial Businesses
Despite modest growth in sales, Boeing [BA] yesterday posted strong third quarter earnings driven by improved performance in its defense business and to a lesser extent its commercial aircraft operations. […]
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Air Force
Lockheed Martin Facing $1.2 Billion In F-35 Termination Liabilities
If the Defense Department fails to provide additional funding for the F-35 fighter program as the fifth production lot, aircraft prime contractor Lockheed Martin [LMT] would face a $1.2 billion […]
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Business/Financial
Earnings Rise, Sales Fall At Northrop Grumman
Amid a constrained federal spending environment, Northrop Grumman [NOC], like its competitors, managed to turn in higher earnings yesterday by improving its operating performance and repurchasing its stock to lower […]
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Business/Financial
Boeing Opens New Cyber Center Near NSA
ANNAPOLIS JUNCTION, Md.—Boeing [BA] yesterday celebrated the opening of a new cyber security center in Maryland near the home of the National Security Agency (NSA) in a move that for […]
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Business/Financial
AIA, Study Warn of Economy-Wide Harm From Worst DoD Cuts
Armed with data from a new study, a defense-industry group is warning U.S. economic growth would significantly decrease if Congress allows the largest possible cuts to the Pentagon’s budget to […]