Latest Aerospace and defense industry News
S&W Seed: Fiscal Q4 Earnings Snapshot
LONGMONT, Colo. (AP) — LONGMONT, Colo. (AP) — S&W Seed Co. (SANW) on Friday reported a loss of $12.1 million in its fiscal fourth quarter. The Longmont, Colorado-based company said it had a loss of $5.31 per share. Losses, adjusted for non-recurring costs, were $2.95 per...
Jury orders Bell Helicopter to pay $16 million to former supplier in a trade-secrets case
FORT WORTH, Texas (AP) — A Texas jury ordered Bell Helicopter Textron to pay $16 million to a California company that claims Bell gave proprietary information that the companies developed to a rival supplier of cockpit display systems. The jury in state court in Fort Worth this...
Pentagon audit says Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000%
WASHINGTON (AP) — Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000% markup for simple lavatory soap dispensers, according to the Pentagon’s inspector general. The Defense Department's auditor reviewed prices paid for 46...
The leaders of India and Spain launch India's first private military aircraft plant
VADODARA, India (AP) — Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez inaugurated India's first private military aircraft plant on Monday, boosting New Delhi's ambitions of growing local manufacturing in its defense and aerospace industries. Sanchez...
Northrop Grumman: Q3 Earnings Snapshot
FALLS CHURCH, Va. (AP) — FALLS CHURCH, Va. (AP) — Northrop Grumman Corp. (NOC) on Thursday reported third-quarter earnings of $1.03 billion. On a per-share basis, the Falls Church, Virginia-based company said it had net income of $7. The results exceeded Wall...
General Dynamics: Q3 Earnings Snapshot
RESTON, Va. (AP) — RESTON, Va. (AP) — General Dynamics Corp. (GD) on Wednesday reported third-quarter profit of $930 million. On a per-share basis, the Reston, Virginia-based company said it had net income of $3.35. The results missed Wall Street expectations. The...
Britain and Germany sign defense pact to counter Russia's growing threat
LONDON (AP) — German submarine-hunting planes will patrol the North Atlantic from a base in Scotland under a new Britain-Germany defense pact sealed in response to the growing threat from Russia. Defense ministers from Britain and Germany signed the agreement in London on Wednesday...
Teledyne: Q3 Earnings Snapshot
THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Teledyne Technologies Inc. (TDY) on Wednesday reported third-quarter net income of $262 million. The Thousand Oaks, California-based company said it had net income of $5.54 per share. Earnings, adjusted for non-recurring...
Lockheed: Q3 Earnings Snapshot
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported third-quarter profit of $1.62 billion. The Bethesda, Maryland-based company said it had profit of $6.80 per share. Earnings, adjusted for investment costs, were $6.84 per share. ...
Boeing faces a new FAA review as a key supplier plans temporary furloughs due to labor strike
Boeing's biggest supplier of aircraft components said Friday that it will temporarily furlough 700 workers later this month, warning that it would have to resort to layoffs if a strike by Boeing machinists lasts beyond November. Spirit AeroSystems said Friday that starting Oct. 28,...
