“We’ve always been bullish on the program’s prospects, but admit we’re more worried than we have been in a long time,” wrote Roman Schweizer of Cowen Washington Research Group.
By Theresa HitchensFor L3Harris, the sale helps it reach its stated goal of divesting 8 to 10 percent of revenue as part an overarching effort to reshape its business portfolio.
By Theresa HitchensB-21 production costs, the Cowen analysis finds, will ramp up fast, from $202 million in 2022 to $4 billion in 2027.
By Theresa HitchensBoeing, General Atomics, Kratos, and Northrop Grumman won awards. Notably absent: Lockheed Martin.
By Theresa HitchensRaytheon has won the LRSO design competition, but it remains uncertain whether it will nab the prime contract to actually build the next-generation cruise missile or be forced to share that with Lockheed Martin.
By Theresa HitchensNEW YORK: “It is utterly unconscionable — utterly unconscionable — that Congress will allow sequestration to go on.” Those are the words of Frank Kendall, the Pentagon’s head of acquisition, speaking to an audience of several hundred New York financial types. Kendall is just back from a trip to Afghanistan and he had heard from…
By Colin Clark