Aerospace Group:

Business/Financial

Northrop: Shipbuilding Business Has Room For Sales And Profit Growth

DDN

Thursday, July 15th, 2010

SHARE:

By Calvin Biesecker Despite its surprising announcement on Tuesday that it plans to exit the shipbuilding business, Northrop Grumman [NOC] yesterday said its shipbuilding operations can increase revenues and have significant room to improve profit margins in the years ahead. The Shipbuilding division is expected to have sales this year of $6.2 billion, and eventually growing to about $6.5 billion annually, Wes Bush, Northrop Grumman's president and CEO, said on an analyst call yesterday. In addition, the business has backlog…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]