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Air Force

Strong Operating Performance Lifts Boeing In Second Quarter

Defense Daily Staff

Thursday, July 28th, 2011

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Boeing [BA] yesterday reported strong second quarter financial results driven by sales growth at its Commercial Airplanes segment and margin improvements at the commercial and defense segments. “Strong operational performance drove double-digit margins at both of our major businesses and produced outstanding results in the quarter,” Jim McNerney, Boeing’s chairman, president and CEO, said in a statement. Net income jumped 20 percent to $941 million, $1.25 earnings per share (EPS), from $787 million ($1.06 EPS), as overall margins rose nearly…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]