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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

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 […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]