Northrop Grumman [NOC] on Thursday reported lower sales and earnings in its second quarter due in part to labor shortages and difficulty getting materials, although it said the tight labor market is letting up and the company reaffirmed its top and bottom-line outlook for 2022. In addition to a ...
COVID-19
After the government won a key legal battle last week, the U.S. Department of Justice said Monday the Fifth U.S. Circuit Court of Appeals should allow it to begin enforcing a presidential executive order that federal employees be vaccinated against COVID-19. On April 7 the New Orleans-based 5th ...
Huntington Ingalls Industries [HII] on Thursday reported a steep drop in fourth quarter earnings driven primarily by declines across its shipbuilding operations. Net income slid 52 percent to $120 million, $2.99 earnings per share (EPS), from $249 million ($4.35 EPS) a year ago. Excluding pension ...
A U.S. district judge in Georgia, who last month blocked the Biden administration from enforcing a COVID-19 vaccine mandate aimed at government contractors, declined Friday to wade into issues surrounding contractors that on their own require workers to be inoculated. At the same time, U.S. ...
On Friday, a federal court in Texas temporarily blocked the Biden administration’s requirement that federal employees be vaccinated against COVID-19 as a condition of employment. In the decision, U.S. District Judge Jeffrey Vincent Brown in the Southern District of Texas ruled against the ...
After the omicron variant of COVID-19 delayed plans to return many workers to their offices, telework remained allowable and well-utilized for eligible employees across the civilian nuclear weapons complex last week, spokespersons said. As during the previous two years of the ongoing pandemic, ...