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Business/Financial

Lockheed Martin Opens Fiscal Year With Strong Earnings

Defense Daily Staff

Wednesday, April 24th, 2013

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Lockheed Martin [LMT] yesterday posted strong first quarter earnings despite a slight dip in sales due to operational improvements and the company left its outlook for the year relatively intact but said the ongoing budget sequestration would pressure sales to the low end of its guidance range. Net income climbed 14 percent to $761 million, $2.33 earnings per share (EPS), compared to $668 million ($2.03 EPS) a year ago, well above analysts' estimates of $2.04 EPS. Segment operating margins were…

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]