Aerospace Group:

Business/Financial

Income, Sales Higher At Raytheon In Fourth Quarter; Kennedy Touts Classified, International Work

By Cal Biesecker

Thursday, January 30th, 2020

SHARE:

Income, Sales Higher At Raytheon In Fourth Quarter; Kennedy Touts Classified, International Work

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported strong fourth quarter financial results driven by gains across the company’s operating segments and the company said it expects to close its pending merger with United Technologies Corp. [UTC] early in the second quarter of 2020. Thomas Kennedy, Raytheon’s chairman and CEO, also highlighted the company’s strong footprint in classified and international work, telling investors that bookings and sales in both categories hit annual records in 2019. Net income in the quarter increased 6 percent…

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 […]