Aerospace Group:

Business/Financial

GD Opens Year With Strong Sales, Flat Earnings

By Cal Biesecker

Wednesday, April 28th, 2021

SHARE:

GD Opens Year With Strong Sales, Flat Earnings

Artist rendering of the future Columbia-class nuclear-armed ballistic missile submarine (SSBN), which will replace the Ohio-class submarines. (Illustration: U.S. Navy)

General Dynamics [GD] on Wednesday reported strong sales growth to open its fiscal year with all four operating segments posting gains although net income remained relatively flat. Sales in the first quarter increased 7 percent to $9.4 billion from $8.7 billion a year ago, driven by double-digit increases in the Aerospace and Marine Systems segments, followed by Combat Systems and Technologies. Net income was $708 million, $2.48 earnings per share (EPS), essentially level versus $706 million ($2.43 EPS) a year…

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 […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]