Jonathan D. Salant
Raytheon 2Q profit rises as sales decline 7%
Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines.
Net income from continuing...
General Dynamics lifts forecast as profit exceeds estimates
General Dynamics Corp., the Pentagon’s No. 3 contractor, raised its full-year profit forecast while second-quarter sales declined in a slumping defense market.
Net income from...
Pentagon paid $8,124 for a $445 Textron gear, U.S. report says
WASHINGTON – The Pentagon paid Textron Inc.’s Bell Helicopter unit $8,123.50 each for gears that should have cost $445.06, according to a report by...
General Dynamics sub award boosts Pentagon contracts in April
WASHINGTON – A $17.8 billion submarine contract, the biggest weapons deal announced by the U.S. military in more than a dozen years, kept Pentagon...
Raytheon falls most since 2012 as first-quarter sales decline
WASHINGTON – Raytheon Co., the world’s largest missile maker, reported a 6.3 percent decline in first-quarter sales, reflecting a slowdown in the federal marketplace....
General Dynamics gets shot at $12B U.S. ship program
WASHINGTON - General Dynamics Corp. has been awarded one of three initial contracts in a $12.1 billion U.S. Coast Guard ship program, with competitor...
Prov. Equity affiliate risks U.S. contract ban after fraud charge
WASHINGTON – US Investigations Services LLC, the company that vetted Edward Snowden, risks a federal contracting ban following U.S. fraud accusations, according to former...
Federal contracts slump to Reagan-era pace amid cuts
WASHINGTON – Government spending cuts last year contributed to the fourth straight annual decline in federal contracting, the longest stretch since Ronald Reagan was...
Raytheon names Kennedy to succeed Swanson as CEO
WASHINGTON – Thomas A. Kennedy will be the new CEO of Raytheon Co., the world’s largest missile maker, beginning March 31.
Kennedy, 58, succeeds William...
Raytheon profit falls 2.8% as missile maker raises 2013 forecast
WASHINGTON – Raytheon Co., the world’s largest missile maker, said third-quarter profit fell 2.8 percent in a time of Pentagon spending cuts, while the...
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