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Tag Archives: Financial News

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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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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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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