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Space

Pension Costs Hit Lockheed Martin’s Earnings But Still Top Expectations

DDN

Monday, August 3rd, 2009

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Lockheed Martin LMT] recently reported a mixed bag of second quarter financial results, with earnings falling as expected due to higher pension expenses despite an increase in sales. The company's operating profits, that is income before the impact of the pension expense, also fell on declines at the Information Systems and Global Services (IS&GS), Space Systems and Electronic Systems segments. On the other hand, the Aeronautics segment, which develops and produces fighter and transport aircraft, posted strong profit gains. Net…

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]