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Business/Financial

Higher Taxes, Lower Operating Income Send Raytheon’s Net Earnings Tumbling

Defense Daily Staff

Friday, October 28th, 2011

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Raytheon [RTN] yesterday posted sharply lower net income in its third quarter due to higher taxes and lower operating income in its business segments, although results easily beat consensus estimates of financial analysts. Sales were also lower as Raytheon, like its competitors, deals with delays in the release of contract funds amid an uncertain fiscal environment and a continuing resolution to fund the FY '12 federal budget, delays in the award of international contracts, which is typical, and its own…

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 […]