Aerospace Group:

Business/Financial

Combat Systems, Business Jets Propel GD To Strong First Quarter

DDN

Thursday, April 24th, 2008

SHARE:

By Calvin Biesecker General Dynamics [GD] yesterday reported strong first quarter sales and earnings results led by its Combat Systems and Aerospace Segments, leading company CEO Nicholas Chabraja to signal that the company's previous financial forecast for 2008 was too conservative and would be revised upward. Chabraja said he needs to better understand the performance gains the company's operating segments are generating before he finalizes new guidance, which will be forthcoming in the second quarter. For example, while sales declined…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]