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Business/Financial

Raytheon’s Net Income Drops On Higher Expenses, Loss In Former Business

DDN

Friday, January 28th, 2011

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By Calvin Biesecker Raytheon [RTN] yesterday said its fourth quarter sales edged up slightly but that pension expense, a charge related to early debt retirement and a loss from discontinued operations, lowered net income. Net income fell 9 percent to $459 million, $1.25 earnings per share (EPS), from $504 million ($1.30 EPS). Excluding the discontinued operations, earnings declined a percent to $499 million (1.37 EPS) from $504 million ($1.30 EPS). Per share earnings actually increased due to a lower share…

Congress

Kaine On Iranian Girls School Strike: “You Can Be Sure We’re Gonna Get The Answer To That One”

Sen. Timothy Kaine (D-Va.), the ranking member of the Senate Armed Services Committee (SASC) seapower panel, pledged on Tuesday that the Senate will get to the bottom of what happened […]

Congress

‘Right To Repair’ Reform In SASC’s FY ‘27 NDAA Sets “Government-Purpose Rights’ As Default

The “Right to Repair” provision secured in the Senate Armed Services Committee’s (SASC) version of the next defense policy bill would establish “government-purpose rights” as a default, requiring defense contractors […]

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

The Pentagon’s chief technology officer has said the department may need to make “tradeoffs” on certain capability priorities if Congress doesn’t pass a reconciliation with $350 billion in requested defense […]

Congress

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 […]