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Business/Financial

Northrop Grumman’s Earnings Tumble On Ship Charge But Still Beat Estimates

DDN

Friday, April 25th, 2008

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By Calvin Biesecker As expected, Northrop Grumman's [NOC] first quarter profits plunged due to a hefty charge at its shipbuilding operations yet the company still managed to beat analysts' expectations due to higher sales and improved performance. Earlier this month the company disclosed major problems with construction of the LHD-8 amphibious assault ship for the Navy due to poor management controls and a large pool of inexperienced workers at its shipyard in Pascagoula, Miss., which is also impacting work on…

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 […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]