:

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…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]