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Business/Financial

GD’s Fourth Quarter Earnings Take A Hit On Charge At Aircraft Services Business

Defense Daily Staff

Thursday, January 26th, 2012

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General Dynamics’ [GD] yesterday reported that its fourth quarter earnings fell 17 percent stemming from a hefty charge at its business that provides custom interiors to business jets. After a management change at the Switzerland-based Jet Aviation business in mid-2011 due to lingering production issues, closer scrutiny of the division led to a greater understanding of the challenges there, which resulted in the charge, Jay Johnson, GD’s chairman and CEO, said on yesterday’s earnings call. The $189 million charge, which…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

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Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

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Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

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