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Business/Financial

Challenges Persist On LPD Programs But HII Expresses Confidence In Outlook

Defense Daily Staff

Tuesday, November 13th, 2012

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Huntington Ingalls Industries [HII] last week reported a third quarter profit on flat sales, although persistent problems in a series of ships it is building for the Navy resulted in charges that helped keep earnings below expectations. However, the Navy shipbuilder is increasingly confident about its prospects during the next few years, particularly in meeting operating margin targets of more than 9 percent in 2015. That confidence led it to declare its first quarterly dividend and share repurchase program. “We’re…

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]