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Raytheon Opens 2008 Financial Season With Strong Start

By Calvin Biesecker Raytheon [RTN] yesterday posted strong first quarter financial results driven by growth across each of its operating segments and lower expenses although the company left its guidance for the year intact. William Swanson, Raytheon's chairman and CEO, said he feels good right now about achieving the upper end of the current guidance but declined to handicap any upside pending congressional approval of the next Iraq War supplemental. While Raytheon isn't dependent on the war supplemental bills for…

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Congress Updates

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]


SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]


House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]


MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]