Aerospace Group:

Business/Financial

Leidos Reports Higher Earnings, Sales In Second Quarter

By Cal Biesecker

Tuesday, August 2nd, 2022

SHARE:

Leidos Reports Higher Earnings, Sales In Second Quarter

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday reported slightly higher earnings on a solid increase in sales in its second quarter, driven by growth across its segments. Net income rose a scant 1 percent to $172 million, $1.24 earnings per share (EPS), from $170 million ($1.18 EPS) a year ago. Excluding various acquisition-related, amortization and asset impairment costs, adjusted earnings of $1.59 EPS topped consensus estimates by three cents. Operating income was higher at two of the company’s three segments, Defense Solutions and…

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 […]

Army

Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says

After lawmakers decided against including major “right to repair” reforms in the latest defense policy bill, a senior Army official has said the service is continuing its push for authorities […]

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]