Earnings rose at Honeywell [HON] in the fourth quarter, even while the company reported a dip in Aerospace, the segment involved with management of several defense-nuclear sites. Net earnings for the entire company for the fourth quarter were $1.29 billion, or $1.96 a share, up from $1.24, or $1.91 a share, in the year-ago quarter, the company reported Thursday. Quarterly revenue was $10.1 billion, up year-over-year from $9.4 billion. Quarterly segment operating income for the fourth quarter, ended Dec. 31,…
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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 […]
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 […]
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 […]
Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House
Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]