:

Business/Financial

BAE’s U.S. Business Forecasts Modest Growth In 2017

By Cal Biesecker

Friday, May 5th, 2017

SHARE:

BAE’s U.S. Business Forecasts Modest Growth In 2017

Jerry DeMuro, president and CEO of BAE Systems, Inc. Photo: BAE Systems

Driven by a solid outlook in its segment that provides a wide range of electronic capabilities to defense and commercial customers, BAE Systems, Inc., is expecting modest growth this year in its top line, Jerry DeMuro, president and CEO of the U.S.-based subsidiary Britain’s BAE Systems plc, said on Thursday.Sales and operating income in the Electronic Systems segment are expected to rise in the mid-single digits in 2017, primarily on the strength of three programs, DeMuro said during a sweeping…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]