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Business/Financial

Defense Boosts Boeing’s Earnings; Guidance Unchanged Pending Revamped 787 Schedule

DDN

Thursday, July 23rd, 2009

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By Calvin Biesecker Boeing [BA] yesterday reported strong second quarter earnings on relatively flat sales driven by a big jump in operating profits at its defense business and solid gains in its commercial airplane unit. The company also said that it has settled on a "straight-forward fix" to a structural problem with its 787 commercial aircraft development program, which was supposed to begin flight testing last month until static tests showed the need to reinforce an area within the side-of-body…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]