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Business/Financial

Combat Systems, Business Jets Propel GD To Strong First Quarter

DDN

Thursday, April 24th, 2008

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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

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]