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Business/FinancialSupply Chain, Litigation Costs Help Send Earnings Down At Aerojet Rocketdyne
Aerojet Rocketdyne [AJRD] on Monday posted lower earnings and sales in its second quarter due to supply chain disruptions, favorable performance a year ago on a rocket engine that made […]
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BudgetSenate Defense Appropriations Bill Adds $4 Billion To Navy Shipbuilding
The Senate Appropriations Committee’s fiscal year 2023 defense appropriations bill, released July 28, adds $4 billion over the Navy’s request in shipbuilding. The Navy requested about $17.9 billion in shipbuilding […]
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CyberDISA Extends Thunderdome Zero Trust Prototype Work With Booz Allen To Include Classified Network
The Defense Information Systems Agency (DISA) said it has signed a six-month contract with Booz Allen Hamilton [BAH] for the company to continue its work developing the new Thunderdome zero-trust […]
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Business/FinancialAerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says
Like other defense companies posting second quarter financial results, L3Harris Technologies [LHX] last week reported ongoing headwinds related to its supply chain that impacted sales and earnings, challenges that aren’t […]
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Navy/USMCNavy Accepts Delivery Of First In New Fleet Oiler Class
The Navy accepted delivery of the USNS John Lewis (T-AO 205), the first ship in a new class of fleet replenishment oilers on July 26. T-AO 205 previously finished acceptance […]
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InternationalU.S. State Department Gives Go Ahead to Potential $8.4 Billion Sale of 35 F-35As to Germany
The U.S. State Department has approved the potential sale of 35 Lockheed Martin [LMT] F-35A fighters and related equipment to Germany for $8.4 billion. The Defense Security Cooperation Agency (DSCA) […]
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BudgetSenate Democratic Appropriations Bill Backs Coast Guard’s Polar Ships
Senate Democrats on Thursday released a proposed Homeland Security funding bill that would complete long-lead funding for a third new heavy polar icebreaker for the Coast Guard and fully fund […]
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InternationalGroup of Senators Backs Consideration of 4th Generation Fighters for Ukraine
A group of senators is urging the Biden administration to consider supplying Ukraine with fourth-generation fighters to help the country repel Russian forces, which annexed Crimea in 2014 and invaded […]
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Business/FinancialLabor, Supply Chain Challenges Help Send Northrop Grumman’s Sales And Earnings Down
Northrop Grumman [NOC] on Thursday reported lower sales and earnings in its second quarter due in part to labor shortages and difficulty getting materials, although it said the tight labor […]
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Navy/USMCWittman Outlines AUKUS Organizational, Industrial Coordination Needed
Australian sailors and shipbuilders have to participate in American operations and construction to learn how to build and operate their own nuclear-powered submarines as part of the AUKUS agreement, a […]
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