Aerospace Group:

Business/Financial

Orbital’s Earnings Rise On Lower Interest Expenses

Defense Daily Staff

Monday, July 22nd, 2013

SHARE:

Orbital’s Earnings Rise On Lower Interest Expenses

Orbital Sciences [ORB] last Thursday reported a decline in second quarter sales but an increase in net income due mainly to lower interest expense and to a lesser degree higher operating income. Orbital's Taurus space launch vehicle. Photo: Orbital Sciences Corp. Sales fell 10 percent to $333.1 million in the quarter from $371.3 million a year ago due to declines in its satellites and space systems and advanced space programs segments. Orbital’s launch vehicles segment posted higher sales. Net income rose…

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

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 […]