:

Business/Financial

Lockheed Martin Posts Higher Sales, Earnings; Combining IT Business With Leidos

By Cal Biesecker

Tuesday, January 26th, 2016

SHARE:

Lockheed Martin Posts Higher Sales, Earnings; Combining IT Business With Leidos

The F-35 Joint Strike Fighter. Photo by Lockheed Martin.

Lockheed Martin [LMT] on Tuesday reported higher fourth quarter sales and earnings, which beat consensus estimates, and announced it is separating its realigned information technology and services segment and combining it with Leidos [LDOS] in a transaction valued at $5 billion.Sales increased 3 percent to $12.9 billion from $12.5 billion a year ago due to the $9 billion acquisition last November of Sikorsky Aircraft from United Technologies Corp. [UTX]. Net income also rose 3 percent to $933 million, $3.01 earnings…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

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 […]