:

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…

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]