Aerospace Group:

Business/Financial

GD Finishes 2010 With Strong Fourth Quarter

DDN

Thursday, January 27th, 2011

SHARE:

By Calvin Biesecker General Dynamics [GD] yesterday posted strong fourth quarter results driven by operating gains at each of its segments. Net income rose nearly 19 percent to $729 million, $1.91 earnings per share (EPS), from $614 million ($1.57 EPS) a year ago, topping consensus estimates by six cents. GD's operating margins improved 50 basis points to 12.5 percent. Operating earnings overall were $1.1 billion, a quarterly record. Sales increased 9 percent to $8.6 billion from $7.9 billion a year…

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 […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]