:

Business/Financial

Sales, Earnings Dip At L-3 In First Quarter

By Cal Biesecker

Thursday, May 1st, 2014

SHARE:

Lower sales, a higher tax rate and severance costs combined to drive L-3 Communications’ [LLL] first quarter net income down modestly, although the company raised its sales and earnings guidance slightly for the year due to higher income at one segment and a recent acquisition, L-3 said on Thursday. Net income declined 7 percent to $180 million, $2.01 earnings per share (EPS), from $193 million ($2.11 EPS), beating consensus estimates of $1.95 EPS. Most of the year-over-year reduction was due…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]