:

Business/Financial

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

Defense Daily Staff

Thursday, January 26th, 2012

SHARE:

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

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 […]