Aerospace Group:

Business/Financial

Cubic Lowers 2016 Guidance, Says Order Delays To Impact Results

By Cal Biesecker

Thursday, October 13th, 2016

SHARE:

Cubic Lowers 2016 Guidance, Says Order Delays To Impact Results

Cubic President and CEO Bradley Feldmann. Photo: Cubic Corp.

Cubic Corp. [CUB] on Thursday released preliminary financial results, lowering its earnings and sales expectations for its 2016 fiscal year that ended in September due to order delays from the Pentagon, but the defense and transportation company expects these orders to flow in the new fiscal year.Cubic said adjusted earnings before interest, taxes, depreciation and amortization are expected to be between $112 million and $120 million in FY ’16, down from the previous guidance of between $130 million to $145…

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]