Andrea's Feed
Jul 29, 2015

Leidos team wins $4.34 bln contract for U.S. military health records

WASHINGTON, July 29 (Reuters) – The U.S. Defense Department
on Wednesday awarded a team led by Leidos Holdings Inc
a contract valued at up to $4.34 billion to build a new
electronic health record system for 9.6 million current and
retired military service members.

The Defense Healthcare Management System Modernization
contract, included in the Pentagon’s daily digest of major
contract awards, runs for 10 years, including several options to
extend the contract.

Jul 29, 2015

Boeing may move work abroad with Exp-Im future uncertain: chairman

WASHINGTON (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) Chairman Jim McNerney said on Wednesday the aircraft maker was actively considering moving “key pieces” of its operations to other countries given the uncertainty about the future of the Export-Import Bank, whose charter expired on June 30.

“We are now forced to think about this differently,” McNerney said in an interview hosted by the Economic Club of Washington, noting that Boeing is looking at countries that offer export credits.

Jul 29, 2015

General Dynamics profit beats estimates; full-year outlook raised

July 29 (Reuters) – General Dynamics Corp, which
makes ships, tanks and business jets, reported
higher-than-expected quarterly results and sharply raised its
full-year profit outlook on Wednesday, sending its shares up as
much as 6 percent to a record high.

The news lifted the aerospace and defense sector.

General Dynamics said a rebound in demand for its Gulfstream
business jets from S&P 500 companies was particularly
encouraging and helped bring about a $1 billion increase in the
backlog of its aerospace division in the second quarter.

Jul 29, 2015

General Dynamics tops second-quarter estimates, raises full-year forecast

By Andrea Shalal

(Reuters) – General Dynamics Corp (GD.N: Quote, Profile, Research, Stock Buzz), a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.

Net profit increased 16.4 percent to $752 million for the second quarter from $646 million a year earlier. Earnings per share jumped over 20 percent to $2.27 a share from $1.88 a year earlier, while revenues rose 5.5 percent to $7.88 billion from $7.47 billion.

Jul 29, 2015

General Dynamics tops 2nd-qtr estimates, raises full-year forecast

July 29 (Reuters) – General Dynamics Corp, a maker of
ships, tanks and business jets, reported higher-than-expected
quarterly earnings and revenues on Wednesday, and sharply raised
its outlook for full-year profit.

Net profit increased 16.4 percent to $752 million for the
second quarter from $646 million a year earlier. Earnings per
share jumped over 20 percent to $2.27 a share from $1.88 a year
earlier, while revenues rose 5.5 percent to $7.88 billion from
$7.47 billion.

Jul 29, 2015

Northrop beats second-quarter profit expectations, lifts target for full year

By Andrea Shalal

(Reuters) – Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz), maker of Global Hawk drones, reported higher-than-expected quarterly earnings and raised its guidance for earnings in the full year, despite flat or lower revenues in each of its four business sectors.

Northrop reported net earnings of $531 million, or $2.74 per share in the second quarter, up from $511 million or $2.37 a year earlier. The company said its quarterly results included a net tax benefit of $38 million, or $0.20 per share, for additional research credits.

Jul 29, 2015

Northrop beats Q2 profit expectations, lifts target for full year

July 29 (Reuters) – Northrop Grumman Corp, maker of
Global Hawk drones, reported higher-than-expected quarterly
earnings and raised its guidance for earnings in the full year,
despite flat or lower revenues in each of its four business
sectors.

Northrop reported net earnings of $531 million, or $2.74 per
share in the second quarter, up from $511 million or $2.37 a
year earlier. The company said its quarterly results included a
net tax benefit of $38 million, or $0.20 per share, for
additional research credits.

Jul 28, 2015

U.S. military sees more use of laser, microwave weapons

WASHINGTON, July 28 (Reuters) – Lasers, microwaves and other
directed energy weapons could soon be used more widely by the
U.S. military, top armed forces officials and U.S. lawmakers
told an industry conference on Tuesday.

The officials described weapons that are in various stages
of development and testing by the U.S. Navy, Marine Corps, Air
Force and Army, but said more work was needed to develop tactics
for their use and to ensure sufficient funding.

Jul 27, 2015

U.S. Marines see decision soon on F-35 fighter combat-readiness

WASHINGTON (Reuters) – The top U.S. Marine Corps aviator on Monday said an initial squadron of 10 Lockheed Martin Corp F-35 fighter jets met all the requirements for a declaration of combat-readiness during a recent review, and a decision from Marine Corps Commandant General Joseph Dunford was expected soon.

Deputy Commandant for Aviation Lieutenant General Jon Davis told a telephone news conference that Dunford was reviewing all the paperwork supporting the decision now. “I think it’s soon. … I’m not going to rush General Dunford. He’s a busy guy,” Davis said.

Jul 26, 2015

Ex-Aerojet chief to head Norwegian 3D printer; eyes big US site

WASHINGTON, July 26 (Reuters) – Norway’s Norsk Titanium AS
said on Sunday that it had named Warren Boley, a former
executive with Aerojet Rocketdyne, to head the company
as it moves to establish the world’s first industrial-scale 3D
printing facility in the United States.

Boley, who also worked for United Technologies Corp,
told Reuters the site of the 200,000-square-foot plant would be
announced in coming weeks by an unnamed U.S. state, which is
funding the facility as part of public-private partnership.