Aerospace Group:

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

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]