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Business/Financial

Space, Information and Mission Systems Boost Lockheed Martin’s Earnings

DDN

Thursday, January 31st, 2008

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Lockheed Martin [LMT] recently reported strong fourth quarter net income driven by some of its space, and information and services businesses despite no sales growth. Still, the earnings trounced Wall Street's expectations. Net income increased 10 percent to $799 million, $1.89 earnings per share (EPS), compared to $729 million ($1.68 EPS), beating consensus estimates by 20 cents EPS. As expected, sales remained flat at $10.8 billion. Free cash flow was negative $40 million. Less than a month into its new…

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 […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]