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Business/Financial

Northrop Grumman’s Earnings Tumble On Ship Charge But Still Beat Estimates

DDN

Friday, April 25th, 2008

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By Calvin Biesecker As expected, Northrop Grumman's [NOC] first quarter profits plunged due to a hefty charge at its shipbuilding operations yet the company still managed to beat analysts' expectations due to higher sales and improved performance. Earlier this month the company disclosed major problems with construction of the LHD-8 amphibious assault ship for the Navy due to poor management controls and a large pool of inexperienced workers at its shipyard in Pascagoula, Miss., which is also impacting work on…

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 […]