Stryker Reports 7% Sales Growth, 10% Net Earnings Growth for Quarter Ended December 31, 2009 — Press Release
Filed under: Business Line, Companies, Earnings, Events, Press Releases
Stryker Reports 7% Sales Growth, 10% Net Earnings Growth for Quarter Ended December 31, 2009
KALAMAZOO, Mich., Jan. 26 /PRNewswire-FirstCall/ — Stryker Corporation (NYSE:SYK) reported operating results for the quarter and year ended December 31, 2009 as follows:
Fourth Quarter Highlights
— Net sales increased 2.5% on a constant currency basis (6.8% increase
as reported) to $1,834 million
— Orthopaedic Implant sales increased 4.7% on a constant currency basis
(9.7% increase as reported)
— MedSurg Equipment sales decreased 0.7% on a constant currency basis
(2.5% increase as reported)
— Adjusted net earnings increased 10.3% from $299 million to $330
million and adjusted diluted net earnings per share increased 10.8%
from $0.74 to $0.82
— Reported net earnings increased 10.2% from $278 million to $306
million and reported diluted net earnings per share increased 10.1%
from $0.69 to $0.76
— Completed the acquisition of Ascent Healthcare
Highlights for the Year Ended December 31, 2009
— Net sales increased 1.7% on a constant currency basis (0.1% increase
as reported) to $6,723 million
— Orthopaedic Implants sales increased 5.7% on a constant currency basis
(3.8% increase as reported)
— MedSurg Equipment sales decreased 4.1% on a constant currency basis
(5.4% decrease as reported)
— Adjusted net earnings increased 0.9% from $1,170 million to $1,180
million and adjusted diluted net earnings per share increased 4.2%
from $2.83 to $2.95
— Reported net earnings decreased 3.5% from $1,148 million to $1,107
million and reported diluted net earnings per share decreased 0.4%
from $2.78 to $2.77
“We are pleased to have finished 2009 on a solid note after navigating a particularly challenging environment throughout the year. Our Orthopaedic Implant business continues to achieve solid results while our MedSurg business reinforces our conviction that the capital equipment market has stabilized. As we look ahead to 2010, we believe our broad geographic footprint and diverse product offering positions us well to deliver on our commitments,” commented Stephen P. MacMillan, Chairman, President and Chief Executive Officer.
Net sales increased 6.8% to $1,834 million for the fourth quarter of 2009 and increased 0.1% to $6,723 million for the year ended December 31, 2009. On a constant currency basis, net sales increased 2.5% in the fourth quarter and 1.7% for the year.
During the fourth quarter of 2009, the Company settled an outstanding patent infringement lawsuit and received $63 million in damages, attorney fees and interest pursuant to a confidential settlement agreement and will record a gain of $63 million ($43 million net of income taxes). In addition, during the fourth quarter of 2009, the Company repatriated $787 million of cash from foreign earnings to the United States and recorded a charge of $67 million to recognize the income tax expense and related liability associated with the repatriation. The repatriated cash was used to fund the acquisition of Ascent Healthcare and will also be used for previously announced initiatives including the share repurchase authorization.
Excluding the impacts of the patent litigation gain, the income tax charge associated with the repatriation of cash from foreign earnings and previously announced restructuring charges recorded in 2008, adjusted net earnings for the fourth quarter of 2009 of $330 million increased 10.3% over adjusted net earnings of $299 million for the fourth quarter of 2008 and adjusted diluted net earnings per share for the fourth quarter of 2009 of $0.82 increased 10.8% over adjusted diluted net earnings per share of $0.74 for the fourth quarter of 2008. Excluding the impacts of the patent litigation gain, the income tax charge associated with the repatriation of cash from foreign earnings and previously announced restructuring charges recorded in 2009 and 2008, adjusted net earnings for the year ended December 31, 2009 of $1,180 million increased 0.9% over adjusted net earnings of $1,170 million for the year ended December 31, 2008 and adjusted diluted net earnings per share for the year ended December 31, 2009 of $2.95 increased 4.2% over adjusted diluted net earnings per share of $2.83 for the year ended December 31, 2008.
Net earnings for the fourth quarter of 2009 were $306 million, representing a 10.2% increase over net earnings of $278 million for the fourth quarter of 2008. Diluted net earnings per share for the fourth quarter of 2009 increased 10.1% to $0.76 compared to $0.69 for the fourth quarter of 2008. Net earnings for the year ended December 31, 2009 were $1,107 million, representing a 3.5% decrease from net earnings of $1,148 million for the year ended December 31, 2008. Diluted net earnings per share for the year ended December 31, 2009 decreased 0.4% to $2.77 from $2.78 for the year ended December 31, 2008.
Diversification And Military Orders Helping Ceradyne
Filed under: Business Line, California, Ceradyne, Companies, Department of Defense, Earnings, Events, Services, States, logistics, production program
Ceradyne the maker of ceramic armor for a variety of military applications reports that despite a drop in revenue it expects to make its profit estimate for 2009. Though new test and acceptance processes by the military have delayed shipments and booking of revenue from 2009 into 2010 the company still projects a profit of greater then $15 million. The company has begun diversifying into other markets including energy production including solar, oil and gas. 2010 is also estimated to be as good or better then the past year as the company has made efforts to reduce its costs.
Herley Reports Earnings for First Quarter of Fiscal 2010 — Press Release
Filed under: Business Line, Companies, Earnings, Events, Herley Industries, Press Releases
Herley Reports Earnings for First Quarter of Fiscal 2010
LANCASTER, Pa., Dec. 10 /PRNewswire-FirstCall/ — Herley Industries, Inc. (NASDAQ:HRLY) today reported financial results for its First Quarter of Fiscal Year 2010.
Net sales for the first quarter of fiscal 2010 were $47.7 million compared to $35.3 million for the first quarter of fiscal 2009. Income from continuing operations was $3.6 million, or $.26 per diluted share, compared to a loss from continuing operations of $.9 million, or $(.07) per diluted share, last year. The loss from discontinued operations last year of $.5 million, or $(.03) per diluted share, resulted from the sale of the ICI business in November 2008. Net income for the first quarter was $3.6 million, or $.26 per diluted share, compared to a net loss of $1.3 million, or $(.10) per diluted share, last year.
The Company’s EBITDA for the first quarter of 2010 was $6.9 million compared to $1.1 million last year. The Company’s Adjusted EBITDA for the first quarter of 2010 was $7.4 million compared to $1.7 million last year. Adjusted EBITDA is defined as operating income plus the impact of foreign exchange transactions, excluding interest, taxes, depreciation and amortization, and litigation costs.
The Company reported a revenue increase of $12.4 million in the first quarter of fiscal 2010 compared to last year. The 35% increase was primarily related to increased deliveries under major production programs. In addition, an increase of approximately $2.0 million in sales was due to the inclusion of three months of Eyal’s revenues in the first quarter of fiscal 2010 compared to the inclusion of two months of its revenues for the comparable prior quarter. Gross profit in the quarter was $13.3 million (27.9% gross profit margin) compared to $6.6 million (18.7% gross profit margin) last year, an increase of $6.7 million. The increase in gross profit and gross profit margin during fiscal 2010 was principally a result of leveraging our fixed costs on the sales increase as well as anticipated improvements in margins related to manufacturing efficiencies and a favorable program mix.
Selling and administrative (“S&A”) expenses for the first quarter were $7.7 million, or 16.1% of sales, compared to $7.3 million, or 20.7% of sales, last year. The $.4 million increase in S&A expenses was primarily attributable to an increase of approximately $.9 million in commissions and related sales expenses associated with the increase in sales and approximately $.2 million due to the inclusion of a full quarter of Eyal’s expenses since its acquisition in last year’s first quarter, partially offset by approximately $.7 million related to cost reductions, including payroll-related expenses.
The Company reported operating income during the first quarter of fiscal 2010 of $5.1 million compared to an operating loss of $.7 million last year. The prior-year quarter included a gain on the sale of certain assets of approximately $.6 million.
At November 1, 2009, the Company’s balance sheet is strong, with total cash and cash equivalents of $13.8 million, working capital of $90.8 million and long-term debt, exclusive of settlement commitments, of $20.2 million. Capital expenditures were $1.4 million for the first quarter of fiscal 2010 compared to $2.0 million last year.
Richard F. Poirier, Chief Executive Officer and President, commented, “We are very pleased by the results of this quarter. We maintain a strong backlog, and are continuing to realize the benefits of transitioning from development to full production on major programs. We are also looking to expand into new programs, and continue to concentrate on strengthening relationships with our customers.”
Richard Poirier, Chief Executive Officer and President, will host a conference call on December 11, 2009 at 10:00 a.m. Eastern Time to discuss the financial results for the First Quarter of Fiscal Year 2010, which ended November 1, 2009. To join the conference call, dial 1 (888) 425-4188, referencing Conference ID #42650178.
A taped replay of the call will be available on December 11, 2009 at 11:00 a.m. through December 18, 2009 at 11:59 p.m. Eastern Time. To listen to the replay, dial: 1 (800) 642-1687 (U.S.) or 1 (706) 645-9291 (International), and Conference ID #42650178.
In addition, the conference call will be broadcast live over the Internet and can be accessed through the following URL: http://www.videonewswire.com/event.asp?id=64188. To listen to the live call on the Internet, go to the web site at least 15 minutes early to register, download and install any necessary audio software.
Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has seven manufacturing locations and approximately 1,000 employees. Additional information about the Company can be found on the Internet at www.herley.com
Safe Harbor Statement – Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. Forward-looking statements involve various important assumptions, risks, uncertainties and other factors which could cause our actual results to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this discussion can be identified by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “plan,” “intend,” “may,” “should” or the negative of these terms or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance or achievement. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, cancellation or deferral of customer orders, technological change or difficulties, difficulties in the timely development of new products, difficulties in manufacturing, commercialization and trade difficulties and current economic conditions, including the potential for significant changes in US defense spending under the new Administration which could affect future funding of programs and allocations within the budget to various programs as well as the factors set forth in this report and in our public filings with the Securities and Exchange Commission.
For information at
Herley, contact:
Peg Guzzetti Tel: (717) 397-2777
Investor Relations www.herley.com
Read more
Textron’s Earnings Reflect The Market
Filed under: Bell, Business Line, Companies, Earnings, Events, Military Aviation, Textron, commercial aviation, logistics, production program
Textron reported their third quarter earnings yesterday. They did beat expectations by not having a loss but had a profit of about 1 cent a share. This was a decline of ninety-eight percent from the year before. Despite all this the company is confident they will make a profit for a year and earnings would be as predicted.
Textron decline is caused by financial products and their civil air division. Sales of Cessna aircraft a luxury item right now were down a lot. The company has been reducing their participation in the financial sector due to the general downturn there. Despite Bell Helicopter’s struggles with the Armed Reconnaissance Helicopter (ARH) the military part of the company saw some growth.
There have been previous reports that Textron might sell Bell or other parts as it reorganizes to face the current economic downturn but so far that has not happened. As with everyone the company will have to wait and see how the economy recovers and what growth occurs.
Israel Buying Armored Trucks In The U.S.
Filed under: Alabama, Arotech, Business Line, Companies, Countries, Earnings, Events, Israel, Michigan, States, logistics, production program
Arotech Corporation of Michigan reported their recent quarterly earnings. The company still performed at a loss but compared to the same quarter last year saw strong improvement. The company almost halved its loss from $1.9 million to $1 million on revenues that were up almost $3.5 million.
One of the prime reasons for this growth in revenues was the sale of armored trucks, the David, to Israel. The company also makes simulators and armored plate for the military market as well as some commercial products. It’s subsidiary, MDT Armor Corp, makes the David in Alabama.
Israel like the U.S. and its allies in Afghanistan and Iraq faces a significant mine and Improvised Explosive Device (IED) threat. The provision of a armored truck makes sense as they must move supplies and troops by road along dangerous borders with the Gaza Strip or West Bank. The David is considered an “ultra light armored personnel carrier” that can defeat small arms and grenades as well as lighter IED attacks. The market for these kinds of vehicles is fairly significant as they can be used for internal security missions as well as light combat duty.
Unfortunately there are many parts of the world where military and police face these kind of threats from terrorist and insurgent groups. The David is one of several kinds of vehicles that would be useful in these kind of situations to move small groups of troops or supplies.
BAE Reports Loss For Most Recent Quarter
Filed under: BAE Systems, Business Line, Companies, Congress, Countries, Department of Defense, Earnings, England, Events, Oshkosh Truck Corp, Services, production program
BAE Systems reported its most recent quarterly results and had a loss of just over $135 million. The same quarter last year saw profits of over $800 million. The English company was hit badly by a downturn in the U.S. market for Mine Resistant Ambush Protected (MRAP) vehicles as the contracts for those vehicles needed in Iraq ended. Oshkosh was able to win the new MRAP-ATV contract that will supply lighter, more maneuverable vehicle to be used in Afghanistan.
BAE like all of the other major defense contractors is looking askance at the future Obama budgets. It has a role to play in the F-22 and Future Combat Systems (FCS) programs ended in the 2010 budget. This is revenue that may not be made up with new contracts. The company does support the F-35 JSF as well which will see an acceleration if plans are carried out.
There may also be a future blow back against the non-U.S. companies politically if the defense budget does decline severely in the next few years. The limited work might be directed to those remaining big contractors that are home based. BAE has made efforts to expand into the market through acquisition of U.S. companies and capabiliites so that might cushion any blows.
Earnings have been mixed this quarter and the results in nine to twelve months will tell the real story of how the defense market is falling out.
Orbital Earnings Take A Hit
Filed under: Boeing, Business Line, Companies, Department of Defense, Earnings, Events, Federal Budget Process, IT, Military Aviation, Orbital Systems, S&T, SAIC, Satellites, Services, development program, logistics, missile defense, production program, space
Due to some restructuring of its work due to the Obama Administration’s efforts to reorient defense spending Orbital Sciences Corporation reported a downturn in revenue and operating income in its most recent quarterly results. The company saw a missile defense contract ended and some delays in satellite work leading it to reduce its estimates for the full year.
Of the major defense companies reporting so far results have been mixed. Some have seen better quarters then others. The effects of the major changes planned by Obama and Secretary of Defense Gates may take some months to have effect. The large programs they have ended will still be paying termination costs to the companies as they figure out what fees are needed and what work will be paid for. There are also chances that new contracts will be awarded in the next year or so.
Several programs will be continued in another form it may take two or three years for the next iteration to start. The Army’s Future Combat System (FCS) contract with Boeing and SAIC ended but the technology and work has been inserted into a new program. The contracts for the new program have not been fully awarded, so Boeing and SAIC may end of with revenue from that effort. In the end despite the cancellation the companies may not end up losing much revenue.
DynCorp Has A Record Year
Filed under: Business Line, Companies, Department of Defense, Dyncorp, Earnings, Events, IT, Services, logistics, training
DynCorp International reported their fourth quarter and yearly results yesterday. The company had a record year with revenue up forty-five percent over the year prior. For the fourth quarter the defense contractor has revenues of almost a billion dollars. Earnings per share for the quarter doubled to 34 cents.
The company in April had reorganized into three business segments. These groups would focus on their market areas more easily and help to grow their business. One of the new segments, Global Linguist Solutions, was to be a joint venture with another company. By its name it is clear that DynCorp International does a great deal of business providing translator and intelligence support services to the U.S. military and other government services.
The company is quite confident that there guidance for 2010 will be met and most likely would exceed analyst estimates.
Boeing’s Revenue Suffers But Not Due To Defense
Filed under: Boeing, Business Line, Companies, Department of Defense, EADS, Earnings, Events, MDA, Military Aviation, Services, U.S. Air Force, commercial aviation, development program, missile defense, production program
Update — When I wrote this originally I misspoke. Lockheed did eke out a slight gain from last year. Part of this was due to a share buyback that reduced the number of shares in circulation.
Boeing reported out their first quarter earnings today and revenue was down about fifty percent. This was mainly due to the reduction in demand for their passenger airplanes. As we discussed earlier there is concern that the proposed changes to the U.S. defense budget by the Obama Administration may negatively affect performance of the company’s defense sector in the future.
Interestingly they are the second of the four major defense contractors to report and like Lockheed Martin did see reduced earnings and revenue. The Seattle Times writes that the customers for airliners are deferring deliveries. The Boeing 777 saw a major drop in the number being constructed while the 787 ramps up to begin deliveries. The airline industry has taken a major beating as the world’s economy declines and this has had a negative effect on Boeing and EADS commercial product lines.
Boeing is hoping that Congress will temper the cuts to their programs included in the FY10 budget. Like in the past when it has continued C-17 production beyond what the Defense Department requested their is a possibility that the F-22, Airborne Laser and the missile defense cuts may not stand. This will probably be one of the ugliest parts of the defense appropriation process.
Boeing has had to reduce their estimate for the full year due to the recent decline in revenue. The company obviously is planning for a down year which is not surprising with the current world economic situation.
SAIC Revenue Reaches Milestone
Filed under: Business Line, Companies, Earnings, Events, IT, S&T, SAIC, SETA, logistics
Fox Business reports that SAIC reached an annual revenue of over $10 billion when it reported its Fiscal Year 2009 results. SAIC is one of the top ten defense contractors and primarily provides engineering and consulting services to the Pentagon. Last year it generated an operating income of $776 million which is a growth of 15% over 2008. The company also provided strong guidance for 2010 due to a backlog of almost $17 billion in contracts.
EADS To Report Today
Filed under: Boeing, Business Line, Companies, Countries, EADS, Earnings, Events, France, Germany, Military Aviation, Northrop Grumman Corp., development program, logistics
One of the two largest aerospace companies in the world will report its annual earnings tomorrow. EADS is supposed to report a profit, although it has the A400M program hanging over its head. The troubled military transport now over two years late may cause a massive charge to the 2008 earnings Bloomberg.com writes. The way the original contract is written any of the seven customers can cancel the aircraft in the near future. If this program fails it will be the second major blow to the company in three years following the A380 delays and the financial hardship that caused the company. EADS had restructured in in a bid to fix the issues with their premier military program. EADS is also waiting to hear about the KC-X contract in the U.S. A contract that it had won in partnership with Northrop Grumman that was overturned on a protest by Boeing. EADS’ earnings for 2008 will be interesting, as there was so much potential there for a recovery from the losses caused by the delays in the A380.
Thales Has Off Year
Filed under: Business Line, Companies, Countries, EADS, Earnings, Events, France, Military Aviation, Thales, development program, production program
Thales the French defense contractor reported that in 2008 net profit fell thirty-six percent. CNNMoney.com writes that this is due higher taxes and a charge against the struggling A400M transport contract. Earnings did rise two percent this last year and revenue just one. The company paid high taxes because of a large capital gain in 2007. The A400M contract also required a charge of about $120 million. The company though feels that 2009 will be a good year as it has a large backlog. There was no discussion of the effect on the company if either the customers or EADS ends the A400M development program.
Whither FLIR?
Filed under: Business Line, Companies, Department of Defense, Earnings, Events, FLIR, Federal Budget Process, Services, production program
Investors Business Daily has an interesting article about the future of FLIR Systems. With the new Obama Administration and the potential winding down of the wars in Iraq and Afghanistan, FLIR may see its best customer begin cutting back on orders. The U.S. Department of Defense has ordered a variety of different FLIR products to go on aircraft, helicopters as well as to use for ground surveillance and security systems. The Portland Business Journal reports that the company had a record year in 2008 with revenue of over $1 billion. This was about $1.28 a share, and for 2009 the company projects at least $1.40 a share in earnings. FLIR, interestingly, is warning that its earnings will be reduced due to a decline in commercial sales rather then from government customers. The next few years will be interesting for this and many other predominantly defense based companies.
EADS Airbus Led Boeing in 2008 on Orders and Deliveries
Filed under: Airbus, Boeing, Business Line, Companies, EADS, Earnings, Events, Press Releases, commercial aviation, production program
Bloomberg.com writes that EADS‘ subsidiary Airbus passed Boeing in both deliveries and orders in 2008. For both companies though 2008 was a bad year compared to 2007. EADS orders fell over forty percent. Boeing has suffered in delays to the 787 Dreamliner program that has affected sales, stock and overall company performance. Airbus seems to be past the A380 issues, although the super aircraft will never sell in large quantities, compared to the A350 or A320.
EADS Has Good Quarter
Filed under: EADS, Earnings, France, Germany, Military Aviation, Restructuring, commercial aviation, logistics, production program
EADS announced that in the third quarter it was able to make a profit compared to the large losses last year. The Wall Street Journal has the story. Despite ongoing issues with two of its key programs – the A400 military transport and the A380 airliner – the company made about $800 M. The company found that its restructuring cost less then expected and cost reductions in the construction of its commercial aircraft also helped. Read more
Solid quarter for Orbital
Filed under: Earnings, Orbital Systems, S&T, Satellites, development program, space
Orbital reported their third quarter results today. Revenues were up slightly while earnings were down. The company did report strong bookings and their back log is significant at over $2 B. The company saw increased activity in the launch vehicle and advanced space programs. There was a decline in satellites and space services. Orbital provides a variety of space related services to US DoD, Department of Energy and NASA.
See the full press release at MarketWatch.com.
CACI reports
Filed under: CACI, Department of Defense, Earnings, IT, S&T, SETA, logistics
In the continuing trend of large defense contractors resulting improved results, CACI had a 13% growth in earnings compared to the equivalent quarter a year ago. Forbes.com reports. CACI is a leading provider of services to the US intelligence community, especially the Defense side. They also provide other services to the US government such as IT and logistics management. Revenue growth was even more impressive, surging over 20% on large intelligence contracts.
For more see the story at Forbes.com.
ADG has a good quarter
Filed under: Allied Defense Group, Earnings, logistics, production program
Allied Defense Group announced their quarterly results. See a press release here. The company had a good second quarter with revenue and EPS up significantly. This was primarily driven by sales of ammunition and the contract to build a plant in Jordan.
ManTech reports well
ManTech is a second tier defense contractor that provides services and support to the US military. For the quarter ending in June ManTech reported income of $21.9 M. See a press release here. This was a substantial improvement over the same quarter in 2007. Much of the increase came from large IT support contracts for various services. There was also substantial business with classified contracts. Many of the defense contractors that have reported to date have done well over the last quarter.
Northrop Grumman continues strong performance of defense sector
Northrop Grumman continued the trend of the defense sector by reporting strong earnings and profits. See an article here. There had been some trepidation due to the taking back of the KC-45 contract. The company is able to still win this in December, and if it does it will contribute to further strong earnings and profits.
Raytheon reports
Raytheon had higher income this quarter compared, but had a decline in net. See a story release here. Raytheon continues the trend of defense contractors reporting increases in sales and income but not necessarily profits. Raytheon did predict that 2008 will be a good year for the company with a 15% increase in revenue.
LMT reports earnings
Lockheed Martin continued the string of defense contractors reporting good earnings as the rest of the economy struggles. See a press release here. Lockheed had a 13% increase in profit over the last year with a solid increase in earnings. The company also is starting to sound cautious about the expected downturn if the Democrats win the White House in November. Even if the defense budget is cut dramatically it will take a few years for the effects to be felt within the suppliers.
Continued conflict good for US defense contractors
Filed under: Congress, Earnings, Federal Budget Process, IT, Military Aviation, Satellites, development program, logistics, missile defense, production program
CNNMoney has a preview of the upcoming earnings report for a variety of US defense contractors. See this for more. Not surprisingly the outlook is good. The US defense budget remains large and will probably not see any downturn until 2010 at the earliest depending on the US election. Rockwell Collins reported yesterday and they came in with 24% improvement over last quarter. See the press release here.
SAIC does well on Iraq and Afghanistan
SAIC reported that their first quarter profits were up 25% over last year. See a story here. The company chose to highlight there contracts providing support to the various MRAPs deployed to Afghanistan and Iraq as part of the reason results were so good. Of interest is that the CEO, Mr. Dahlberg, complained of the fact that they cannot generate commercial growth to their satisfaction. This is often true of various large defense contractors. If there are significant decreases in the US defense budget in the future these companies may find it hard to sustain growth and profitability.
Raytheon gains on missiles
Raytheon posted a solid quarter with profits rising 15%. See the press release here. Much of this was due to the work on PATRIOT and other missile systems, including significant foreign orders. This means that the first two large defense contractors to report, Boeing and Raytheon, have done very well recently. This should continue as long as the defense budgets remain large which can be expected for at least the next two years.
-
Search This Site
Custom Search -
-
-
-
-
Recent Posts
- Contracts for March 19, 2010
- Boeing Can’t Be Seen As Taking Advantage Of Being Sole Bidder
- House Armed Services Committee: Hearing on the FY 2011 Budget Requests from the U.S. Southern Command and the U.S. Northern Command
- Boeing Completes Preliminary Design of Free Electron Laser Weapon System
- House Armed Services Committee: Skelton Statement on Anniversary of Iraq Invasion
-
FREE Business Downloads
-
Latest Defense News
- Contracts for March 19, 2010
- Boeing Can’t Be Seen As Taking Advantage Of Being Sole Bidder
- Boeing Completes Preliminary Design of Free Electron Laser Weapon System
- House Armed Services Committee: Hearing on the FY 2011 Budget Requests from the U.S. Southern Command and the U.S. Northern Command
- House Armed Services Committee: Skelton Statement on Anniversary of Iraq Invasion
- JHPSSL Program Receives Acclaimed Laureate Award From Editors of Aviation Week and Space Technology Magazine
- Boeing Receives Additional Contract for Joint Helmet Mounted Cueing Systems
- Lockheed Martin F-35 Joint Strike Fighter Succeeds in First Vertical Landing
- House Armed Services Committee: Skelton to Introduce Legislation to Protect TRICARE
- DOD CONTRACTS for March 18, 2010
- Today in the Department of Defense, Friday, March 19, 2010
- Contracts for March 18, 2010
- Northrop Grumman Begins Installing First EHF Satcom Hardware on B-2
- Raytheon Missile Systems Establishes Air and Missile Defense Systems Product Line
- U.S. Department of Energy Selects Lockheed Martin to Advance Ocean Thermal Energy Conversion Utility Power Plans
- Raytheon Awarded $12 Million for Patriot Missile Field Surveillance Program
- Northrop Grumman Names Janis Pamiljans Vice President of the Navy Unmanned Combat Air System Program
- Northrop Grumman Names Steven L. Enewold Vice President of Broad Area Maritime Surveillance Unmanned Aircraft System Program
- House Armed Services Committee: Hearing on the FY 2011 Budget Requests from the U.S. Central Command, U.S. Special Operations Command, and U.S. Transportation Command
- DOD CONTRACTS for March 17, 2010
- Northrop Grumman Awarded Planning Contract for the Refueling and Complex Overhaul of USS Abraham Lincoln (CVN 72)
- Today in the Department of Defense, Thursday, March 18, 2010
- National Guard (In Federal Status) And Reserve Activated as of March 16, 2010
- Contracts for March 17, 2010
- India, the New Land of Opportunity for Defense Contractors
- Sage [Grouse] Decision: Why the Feds Refused to Flip the Bird at Power Players
- Today in the Department of Defense, Wednesday, March 17, 2010
- DOD CONTRACTS for March 16, 2010
- US Navy Flag Officer Announcement
- USAF General Officer Announcement (REPOSTED)
- DOD Senior Executive Service Appointments and Reassignments
- Contracts for March 16, 2010
- Northrop Grumman Delivers 500th Directional Infrared Countermeasures System
- Lockheed Martin Awarded Task Order for Continued Production of Symphony IED Jammer Systems
- General Dynamics Advanced Information Systems Awarded $31 Million Navy F/A-18 Mission Computer Contract
- Lockheed’s JSF is Overdue, Over Budget – and Too Big to Fail
- Norad Flight Exercise Planned For Washington, D.C.
- Deputy Commanding General (Support) to Brief Live from Iraq
- Contracts for March 15, 2010
- Krauss-Maffei Wegmann (KMW) Pinpoint Protection for Afghanistan
- Marinette Marine Facility Expansion to Enhance Lockheed Martin’s Littoral Combat Ship Program
- FI Report: Near-Term Growth Expected in Medium/Heavy Military Rotorcraft Market
- General Dynamics Itronix Launches New GDAssure(TM) Program that Certifies Customer Computer Systems Prior to Installation
- Lockheed Martin Delivers Innovative Full-Motion Video Intelligence System to USJFCOM
- General Officer Announcement
- USAF General Officer Assignments
- USMC Flag Officer Announcement
- Christopher Gregoire Named Lockheed Martin Vice President and Controller
- DOD CONTRACTS for March 15, 2010
- Today in the Department of Defense, Tuesday, March 16, 2010
- Now Reports That EADS May Bid After All
- General Dynamics Awarded $9 Million Contract for U.S. Army Medical Command Lean Six Sigma Support
- Lockheed Martin Delivers 1,000th Vertical Launch ASROC Missile
- Raytheon’s Excalibur Ib Demonstrates Accuracy During First Guided-Flight Tests
- James Webb Space Telescope Core Completes Thermal Testing
- Sniper ATP Demonstrates Enhanced ISR Capability at Empire Challenge
- CNO Announces Flag Officer Assignments
- DOD CONTRACTS for March 12, 2010
- DOD News Briefing with Ashton Carter from the Pentagon
- Northrop Grumman Holds 3rd Annual International CEESIM Users’ Conference in the United Kingdom
- Lockheed Martin Awarded $23 Million for Production of JASSM-Extended Range Test Missiles
- Northrop Grumman Delivers Upgraded U.S. Navy Targets
- U.S. Army Receives First Lockheed Martin EQ-36 Counterfire Target Acquisition Radar System
- Manufacturing of Northrop Grumman’s First Low-Rate Initial Production E-2D Advanced Hawkeye Begins
- Raytheon and National Geospatial-Intelligence Agency Improve Flow of Commercial Imagery to Analysts and Warfighters
- Lockheed Martin Receives $60 Million Worldwide LANTIRN Depot Award
- General Dynamics Awarded Department of Homeland Security National Communications System Contract
- Northrop Grumman Plays Major Role in NASA’s Development of Alternate Astronaut Escape System
- Government of Canada Names General Dynamics Land Systems-Canada as Prime Contractor for LAV III Upgrade Program
- Northrop Grumman’s Second E-2D Advanced Hawkeye Enters Next Phase of Flight Testing
- Optex Systems Receives $3.4 Million Purchase Order from General Dynamics Land Systems
- Raytheon Completes Critical Milestone for Mobile X-band Radar System
- General Dynamics Awarded $22 Million by U.S. Navy for Repair Work on USS Hartford
- Military Base Realignments and Closures: DOD Needs to Update Savings Estimates and Continue to Address Challenges in Consolidating Supply-Related Functions at Depot Maintenance Locations. GAO-09-703, July 9
- House Armed Services Committee: schedule for the week of July 13 –17, 2009
- GAO Report: Overseas Contingency Operations: Reported Obligations for the Department of Defense. GAO-09-791R
- Raytheon’s AESA Radar for Boeing F-15E Receives New Designation
- Northrop Grumman Successfully Demonstrates Capabilities of LITENING Targeting System on U.S. Navy F/A-18E/F
- Raytheon’s GBU-53/B Small Diameter Bomb II Completes Risk Reduction
- Hawker Beechcraft, Lockheed Martin Team to Compete for U.S. Air Force Light Attack and Armed Reconnaissance Aircraft
- Lockheed Martin C-5M Super Galaxy Sets World Aviation Records
- Northrop Grumman Advanced Composite Mate Joint Passes Stringent Tests for NASA’s Composite Crew Module Demonstration Program
- Lockheed Martin Team Passes Critical Design Review for Solar Ultraviolet Imager for GOES-R Satellite Series
- UK Awards Javelin Joint Venture $176 Million for Javelin Missile Rounds
- Contracts for March 12, 2010
- Lawsuit Successfully Defends Contract Against Inroads of In-Sourcing
- Two Helicopter Programs Start Over
- EADS-NA Says Not Comfortable Priming KC-X Contract
- Spirit AeroSystems Named to Boeing Tanker Supplier Team — Press Release
- Contracts for March 11, 2010
- Northrop Grumman Names Paul Russell to Lead Space Navigation Business Area
- Northrop Grumman Awarded U.S. Army Europe Linguist Contract
- Aegis Weapon System Tested During International Multiple Ship Demonstration
- Raytheon, Motion Reality Ink Agreement For Virtual Applications
- Lockheed Martin Awarded Arizona Support Center Contract for M-TADS/PNVS
- Lockheed Martin and Aegisound Honored With Defense Department’s Nunn-Perry Award
- GeoEye Selects Lockheed Martin to Build Next-Generation Commercial Remote Sensing Satellite System
- STOVL Jet Prepares for Vertical Landing
- DOD CONTRACTS for March 11, 2010
- US Navy: Flag Officer Announcement
More Defense News -->
-
Content from our trusted partner BNETGet your own CBS Interactive Widget.>GET IT NOW
get your job site
at simplyhired.com
