Aerospace Group:

Business/Financial

Acquisition Lifts UTC’s Sales As Earnings Top Estimates

Defense Daily Staff

Wednesday, October 24th, 2012

SHARE:

United Technologies Corp. [UTX] yesterday reported lower earnings from continuing operations that still topped consensus estimates while sales increased to due an acquisition during the summer of an interest in an aircraft engine company. Earnings from continuing operations in the third quarter were $1.3 billion, $1.37 earnings per share (EPS), versus $1.4 billion ($1.43 EPS) a year ago. Analysts estimated that earnings would be $1.19 per share. Free cash flow in the quarter was $1.3 billion. Earnings were dampened by…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]