Aerospace Group:

Business/Financial

Orbital ATK Posts Strong First Quarter Results

By Cal Biesecker

Thursday, May 3rd, 2018

SHARE:

Orbital ATK Posts Strong First Quarter Results

Orbital ATK [OA] on Thursday reported strong first quarter financial results with solid double-digit increases in the top and bottom lines in what might be the company’s last earnings release ahead of its acquisition by Northrop Grumman [NOC].Sales increased 21 percent to $1.3 billion from $1.1 billion a year ago, with all three of the company’s operating segments contributing to the result. Rampups in major aircraft programs, defense electronics, armament and small caliber systems, and satellite work all factored in…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]