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Air Force

Lockheed Martin Posts Lower Sales, Earnings In Fourth Quarter

Defense Daily Staff

Friday, January 27th, 2012

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Lower sales, higher pension expenses and decreased tax credits led Lockheed Martin [LMT] to report lower profits in its fourth quarter. The company expects sales to decline further in 2012 with earnings either down or flat compared to 2011. Net income decreased 29 percent to $683 million, $2.09 earnings per share (EPS), from $961 million ($2.67 EPS). The 2010 results were bolstered by solid earnings from businesses that are now being recorded as discontinued operations whereas the 2011 results included…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]