Financial Report

Northrop Grumman Enters $1 Billion Deal with Goldman Sachs

Northrop Grumman (NYSE: NOC) announced that it has entered into a $1 billion accelerated share repurchase agreement with Goldman, Sachs & Co. “This transaction will immediately reduce outstanding shares by approximately five percent and demonstrates our continued commitment to value creation through effective cash deployment, ” CEO Wes Bush said. …

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ATK Schedules Financial Call

ATK (NYSE: ATK) will webcast its investor conference call on fiscal year 2011 financial results on May 5. The call will be held at 10 a.m. EDT and will include CEO Mark DeYoung.  

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Ball Corp. Reports on Strong Financial Picture

Ball Corp. (NYSE: BLL) reported first quarter net earnings of $91.3 million, up from $79.3 million in the first quarter of 2010. “Momentum from our strong results in 2010 continues into 2011 as we leverage our considerable strengths to grow with our customers in both mature and emerging markets, ” …

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General Dynamics Numbers ‘Reflect Stability’

General Dynamics (NYSE: GD) today reported first-quarter 2011 earnings from continuing operations of $618 million compared with 2010 first-quarter earnings from continuing operations of $599 million. “General Dynamics’ first-quarter performance reflects the stability and relevance of our defense programs and continuing demand for our global business-aviation products and services, ” …

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Boeing Off to ‘Good Start’ Financially in 2011, McNerney Says

Boeing (NYSE: BA) reported first-quarter  revenue of $14.9 billion in the firm’s latest financial report. According to the firm, “operating margin of 6.7 percent reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense.” “We’re off to a good start in an important year …

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Northrop Grumman’s Wes Bush Comments on ‘Very Productive’ Quarter

Northrop Grumman (NYSE: NOC) first quarter 2011 results earnings from continuing operations increase to $496 million, up from $410 million in the first quarter last year. First quarter 2011 sales totaled $6.7 billion compared with $6.9 billion in the prior year period. “This was a very productive quarter, ” CEO …

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Financial News from Wyle

Wyle anticipates posting its financial report for the first quarter of 2011 to its restricted data site on May 25. According to the firm, “in the first quarter of 2011, Wyle expects to report revenue between $280 million and $285 million, adjusted EBITDA between $21.6 million and $21.8 million, cash …

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Raytheon CEO Swanson ‘Very Pleased’ with Financial Results

Raytheon (NYSE: RTN) announced first quarter 2011 Adjusted EPS of $1.38 per diluted share compared to $1.25 per diluted share in the first quarter 2010 a 10 percent jump from the same period last year. “I am very pleased with the company’s solid performance in the quarter, particularly given the …

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ManTech Sees Gains in Financial Report; George Pedersen Comments

ManTech (NASDAQ:MANT) announced its financial results for the first quarter of 2011, ending March 31. The firm reported quarter revenue of $700.9 million, a 19 percent jump from the same period in 2010. “Our solid execution in the first quarter and the completion of the 2011 appropriations process give us …

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