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Tag Archives: business news

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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BAE Adds Northrop Grumman to JLTV Team

BAE Systems announced today it has added Northrop Grumman (NYSE: NOC) to its Joint Light Tactical Vehicle team. The team currently consists of BAE Systems, Navistar Defense and Meritor Defense. Northrop Grumman will serve as the C4ISR lead. “Our decision to team with one of the world’s leaders in C4ISR …

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More Ammo Orders for ATK

ATK (NYSE: ATK) booked over $16 million in non-NATO ammunition orders through a multi-year contract with the U.S. Army Contracting Command in Rock Island, Ill. According to the firm, “orders on the multi-year contract have totaled more than $177 million since it was awarded to ATK in December 2008.” “International …

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Bechtel, Raytheon, URS, Parsons to Work on Defense Threat Reduction Agency Project

According to the Department of Defense, “Bechtel National, Parsons, Raytheon (NYSE: RTN) and URS Federal Services (NYSE: URS) are each being awarded a multiple award indefinite-delivery/indefinite-quantity contract to provide integration services supporting the Defense Threat Reduction Agency’s Cooperative Threat Reduction Program.  The maximum estimated combined total of all four contracts …

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L-3, Lockheed Martin Secure Navy Deals

According to the Department of Defense, “L-3 Communications (NYSE: LLL) is being awarded an $84, 490, 492 not-to-exceed modification to a previously awarded indefinite-delivery/ indefinite-quantity multiple award contract (N00019-05-D-0008) for the continued airframe sustainment support necessary for the performance of phase depot maintenance, special structural inspections, special structural inspection kits …

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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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ATK Books $80 Million Order from General Dynamics

ATK (NYSE: ATK) picked up an $80 million order from General Dynamics (NYSE: GD) Armament and Technical Products to cover  production of the MK90 propellant grain. “We are pleased to have this opportunity to continue our longstanding tradition of production excellence on the MK90 propellant grain, ” said Kent Holiday, …

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