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Space

Raytheon Tops Earnings Expectations, Increases 2009 Guidance

DDN

Monday, August 3rd, 2009

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Raytheon RTN] recently posted strong second quarter earnings amid modest sales gains driven by growth and improved performance. Net income increased 15 percent to $489 million, $1.23 earnings per share (EPS), compared to $426 million (99 cents EPS) a year ago. Earning from continuing operations increased 17 percent to $504 million ($1.24 EPS), beating analysts' expectations by 11 cents. Raytheon attributed the higher EPS to improved operating performance, a reduced stock share count, and a swing to pension income. Sales…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]