Aerospace Group:

Business/Financial

U.S. Division Powers QinetiQ’s First Half Results

DDN

Tuesday, December 2nd, 2008

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Britain's QinetiQ last Wednesday posted strong six month financial results driven by the company's United States-based division, which is benefiting from supplying ground robots and armored products to troops in Iraq and Afghanistan and from service work for NASA and the Army. Net profits soared 28 percent to $43.1 million from $33.7 million on higher sales and improved operating margins. Sales increased 13 percent to $1.1 billion from $970.9 million, with 9 percent of the growth organic. Backlog was up…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]