Business/Financial

By Calvin Biesecker An ongoing Pentagon review of the direction of the F-35 Joint Strike Fighter should take regarding the flight-test program, which is underway, and a ramp-up in production […]

By Calvin Biesecker Lockheed Martin [LMT] yesterday reported strong fourth quarter sales and a scant increase in earnings, which nonetheless easily beat Wall Street expectations. The company’s net income of […]

By Calvin Biesecker Raytheon [RTN] yesterday posted double-digit increases to its top and bottom lines in its fourth quarter, which was marked by improved performance and broad strength across most […]

L-3 Communications [LLL] yesterday said fourth quarter net income fell despite higher sales and better operating margins due to a higher tax rate and a one-time gain a year ago […]

By Geoff Fein The Navy’s request for proposals (RFP) for the FY ’10 Littoral Combat Ship (LCS) competition stresses cost and affordability but places less weight on total ownership cost, […]

By Calvin Biesecker Boeing [BA] yesterday swung to a profit in the fourth quarter and sales growth was strong versus a year ago when its commercial aircraft business was impacted […]

By Calvin Biesecker General Dynamics [GD] yesterday reported fourth quarter sales and earnings that were essentially level with a year ago as strong increases across its defense businesses were offset […]

By Geoff Fein General Dynamics [GD] and Lockheed Martin [LMT] have both received the final request for proposals (RFP) for the fiscal year ’10 Littoral Combat Ship (LCS) competition, according […]

By Geoff Fein The Coast Guard is expecting to release a request for proposals for up to nine HC-144 Maritime Patrol Aircraft (MPA) in the next month, the first contract […]

The Domestic Nuclear Detection Office (DNDO) has awarded Raytheon [RTN] a $4.3 million contract to develop panels that can be used screen rail cars to detect nuclear weapons and other […]