:

Business/Financial

Lockheed Martin Posts Solid Second Quarter, Boosts Outlook

By Cal Biesecker

Tuesday, July 18th, 2017

SHARE:

Lockheed Martin Posts Solid Second Quarter, Boosts Outlook

Lockheed Martin's F-35 fighter helped drive higher sales in the second quarter. Photo: Lockheed Martin

Lockheed Martin [LMT] on Tuesday posted higher sales and lower net income in its second quarter although the bottom line improved from a year ago after excluding profits from a business segment that was divested last summer.Net income fell 7 percent to $942 million, $3.23 earnings per share (EPS), from just over $1 billion ($3.32 EPS) a year ago, topping consensus estimates by 12 cents per share. Net income a year ago benefited from a $122 contribution (39 cents EPS)…

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]

HASC Bill Funds Second Destroyer, Adds Several Multi-Ship Procurements, Puts Limits On Battleship

The House Armed Services Committee (HASC) chairman’s mark of the fiscal year 2027 defense authorization act, released May 26, largely approved the Navy’s shipbuilding request, but it added funds to […]