highlights
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Business/FinancialBWXT Q1 Earnings Decline As Revenue Rises
Earnings fell at BWX Technologies [BWXT] in the first quarter, which the company attributed Monday to pension issues and lower productivity in the naval reactors business. Net earnings for the […]
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Business/FinancialPalantir Forecasting At Least 30 Percent Growth In Coming Years
The fast-growing software and data analytics firm Palantir Technologies [PLTR] expects its sales to grow at least 30 percent annually through 2025 driven by continued increases in government and commercial […]
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Air ForceLockheed Martin Wants to Hire 5,000, Including 300 for F-16 Work in S.C.
In 2020, despite the COVID-19 pandemic, Lockheed Martin [LMT] said it was able as a federal government-deemed essential business to hire 12,000 workers, and the company is now on the […]
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Homeland SecurityTSA Shortly Plans To Solicit For Next-Generation Identify Verification Device
The Transportation Security Administration (TSA) in late May expects to release a solicitation for a new variant of its Credential Authentication Technology (CAT) device that authenticates passenger identification documents, validates […]
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PentagonGAO: Defense Property Accountability System Inadequate for Real-Time Inventory of F-35
The Defense Property Accountability System (DPAS) is inadequate for the real-time inventory of property for the Lockheed Martin [LMT] F-35 at 671 government and contractor sites, per a new Government […]
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InternationalAnduril Partners With Australia On Autonomous Undersea Vehicles
Anduril Industries said this week it is partnering with the Australian Defense Force on a $100 million effort for Extra Large Autonomous Undersea Vehicles (XL-AUVs) for the Royal Australian Navy. […]
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Business/FinancialHII Reports Lower Earnings, Higher Sales In First Quarter
HII [HII] on Thursday posted lower net income in the first quarter due to lower risk retirements at its shipbuilding segments while the company’s sales were higher due to an […]
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Nuclear ModernizationMore Money Won’t Buy More Pits, NNSA Administrator, Nuclear Weapons Council Chair Tells Senators
The National Nuclear Security Administration (NNSA) won’t be able to make 80 pits annually by 2030 even if Congress throws more money at the problem this year, the agency’s top […]
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Homeland SecurityCoast Guard Seeks Information On Commercial Polar Icebreaker For Purchase
The Coast Guard this week began its formal outreach to potentially acquire a commercial icebreaker built in the U.S. and available for purchase in 2023 or 2024 and that can […]
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Air ForceU.S. Air Force Examining If and How It May Accelerate Procurement of E-7 Wedgetail
The U.S. Air Force is investigating if and how it may accelerate the planned procurement of 15 Boeing [BA] E-7 Wedgetails as a partial replacement for the service’s 31 E-3 […]
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