Business/Financial
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Business/FinancialPlan For Contractors To Unveil Contributions Slammed By GOP
By Emelie Rutherford Senate Republicans are railing against a potential White House mandate for companies to disclose their political campaign contributions before being considered for government contracts. A draft of […]
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Business/Financial
Lockheed Martin’s Net Profits Flat On Loss At Former Business Units
By Calvin Biesecker Lockheed Martin [LMT] yesterday posted slightly lower net income in its first quarter due to a loss to two former business units, although earnings from continuing operations […]
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Business/Financial
L-3 Announces New $1.5 Billion Share Repurchase Program
L-3 Communications [LLL] yesterday said its board of directors has authorized a new $1.5 billion share repurchase program in effect through April 30, 2013. The share repurchase program is in […]
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Business/Financial
Chemring To Acquire GD’s Armament And Technical Products Unit
By Calvin Biesecker Britain’s Chemring Group PLC last week said it has conditionally agreed to acquire the North Carolina-based Chemical, Biological and Explosives (CBE) operation from General Dynamics‘ [GD] Armament […]
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Business/Financial
Northrop Grumman In University Cyber Security Incubator Program
Northrop Grumman [NOC] yesterday said that along with the Univ. of Maryland Baltimore County (UMBC) Research Park Corp. it has opened the Cync incubator program to cultivate companies that are […]
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Business/Financial
Debt Charge Lowers L-3’s Earnings As Sales Edge Down
By Calvin Biesecker L-3 Communications [LLL] yesterday posted lower net income in the first quarter due to lower operating profits and slightly lower sales, although the company raised its earnings […]
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Business/Financial
Textron Swings To Profit On Higher Sales, Less Charges
By Calvin Biesecker Textron Inc. [TXT] yesterday swung to a profit in the first quarter due to lower charges, higher sales and improved operating results at its Bell and Industrial […]
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Business/Financial
UTC Notches Strong First Quarter, Raises Earnings Guidance For Year
By Calvin Biesecker United Technologies Corp. [UTX] yesterday opened its fiscal year on a high note, posting double-digit earnings and sales gains and the diversified industrial firm raised its earnings […]
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Business/Financial
Morpho Detection To Acquire Technology Development Firm Syagen
By Calvin Biesecker Morpho Detection yesterday said it has agreed to acquire Syagen Technology, Inc., a company with expertise in developing mass spectrometry-based technologies for security applications. Terms of the […]
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Business/Financial
Obama’s Call For $400 Billion In DoD Cuts Spurs Skepticism, Praise On Hill
By Emelie Rutherford President Barack Obama’s call yesterday to cut $400 billion in defense spending by 2023 after reassessing the role of the U.S. military has generated skepticism among some […]