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Business/Financial

Sporting Group Fuels Solid ATK Third Quarter, Quarterly Dividend, Outlook Increased

Defense Daily Staff

Thursday, January 30th, 2014

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Sporting Group Fuels Solid ATK Third Quarter, Quarterly Dividend, Outlook Increased

Showing continued strength in its growing sporting business, ATK [ATK] on Wednesday delivered strong third quarter financial results, with the company increasing its fiscal year outlook and quarterly dividend. Net income in the third quarter increased 27 percent to $80 million compared to $63 million a year ago. Adjusted net income in the third quarter was $93 million. Fully diluted earnings per share (EPS) were $2.46 compared to $1.93 in the prior-year period. On an adjusted basis, fully diluted EPS…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]