Aerospace Group:

Business/Financial

Leidos Swings To Profit In Second Quarter; Bookings Jump

By Cal Biesecker

Wednesday, August 5th, 2015

SHARE:

Leidos Swings To Profit In Second Quarter; Bookings Jump

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Wednesday reported solid profits versus a year ago when its suffered hefty impairment charges in its health and engineering businesses, although sales contracted slightly due to fewer revenues from Defense Department war-related operations.Net income was $37 million, 50 cents earnings per share (EPS), versus a $439 million ($5.93 EPS) loss a year ago. The results included a $29 loss related to Leidos’ former Plainfield Renewable Energy facility, which was sold in late July. A year ago various…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]