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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…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]