Douglas Harned

General Dynamics Forecasts 2013 Profit Short of Estimates

General Dynamics Corp. forecast a 2013 profit short of analysts’ estimates and reported a $2.1 billion fourth-quarter loss that the company attributed to ill- advised acquisitions and to declining defense spending.

Huntington Ingalls Rises After Profit Beats Estimates

Huntington Ingalls Industries Inc., the U.S. Navy’s sole builder of aircraft carriers, reported fourth-quarter profit that beat analyst estimates. The company rose the most in almost a year.

Huntington Seeks 9% Shipyard Profit by Cutting Production Flaws

At Huntington Ingalls Industries Inc.’s 665-acre shipyard in Pascagoula, Mississippi, shipbuilding unit president Irwin Edenzon says picking up a scrap of paper in the parking lot may prevent delays in building a $2.9 billion amphibious assault ship.

Boeing Says EADS Seeking U.S. Growth With BAE Merger

Boeing Co. said a merger that would transform rival European Aeronautic, Defence & Space Co. into the world’s biggest aerospace business may be intended to win more sales in the U.S., the largest defense market.

EADS-BAE Doubles Down On Missed Confidence: Real M&A

By merging to create the largest aerospace company, European Aeronautic, Defence & Space Co. and BAE Systems Plc will also be trying to improve the industry’s worst operating margin and a near record-low valuation.

Huntington Ingalls Profit Falls 6% on Higher Interest Expense

Huntington Ingalls Industries Inc., the U.S. Navy’s sole builder of aircraft carriers, said fourth- quarter profit fell 6 percent because of higher interest expenses.

General Dynamics First-Quarter Profit Rises, Helped by Information Systems

General Dynamics Corp., the maker of Abrams battle tanks and Gulfstream business jets, said first- quarter profit rose 1.2 percent on sales of computer-systems services.

Boeing Jumps as Profit Beats Estimates, Outlook Raised

Boeing Co. climbed the most in eight months after the world’s largest aerospace company posted a first-quarter profit that beat analysts’ estimates and raised its 2012 forecast.

General Dynamcs Cites’ Anxiety Over Pentagon Budget Cuts

General Dynamics Corp. and Northrop Grumman Corp. are working to cut costs and improve productivity to compensate for declining defense sales, the companies said in reporting first-quarter results.

Northrop Raises 2012 Forecast After Profit Gains 2 Percent

Northrop Grumman Corp. maker of the U.S. military’s Global Hawk drone, raised its 2012 profit forecast after first quarter income rose 2 percent aided by higher sales and margins at its electronics unit.

"Commercial aircraft demand will support planned production ramps at Boeing and Airbus into 2015."

- Douglas Harned on Apr 25, 2012

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