Aerospace Group:

Business/Financial

Eyeing Sequestration, Rockwell Collins Gives FY ’13 Guidance

Defense Daily Staff

Monday, September 24th, 2012

SHARE:

Rockwell Collins [ROC] on Friday announced its financial guidance for FY ’13 with earnings per share (EPS) expected to range between $4.30 and $4.50, which is below consensus expectations but does factor in the potential impact of a budget sequestration next year. Analysts were expecting per share earnings of $4.63. The guidance assumes sales will be between $4.6 billion and $4.7 billion and cash flow from operations of $500 million to $600 million. Clay Jones, Rockwell Collins’ chairman, president and…

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 […]