General Dynamics Chairman and Chief Executive Officer Nicholas Chabraja said today he is confident his company's failed bid to acquire Newport News Shipbuilding would not hurt its chances of winning future Pentagon contracts.
Friday, May 3, 2024
Friday, May 3, 2024
Key Issues Budget 'parity' Summer CUAS demo EW in Ukraine
John Liang is managing editor of InsideDefense and Inside Missile Defense. He has been with the IWP Defense Group since 1997. He holds a master's degree in international policy studies from the Middlebury Institute of International Studies at Monterey and a bachelor's degree in languages from Georgetown University.
General Dynamics Chairman and Chief Executive Officer Nicholas Chabraja said today he is confident his company's failed bid to acquire Newport News Shipbuilding would not hurt its chances of winning future Pentagon contracts.
Strong defense sales "significantly softened the blow" of lower earnings in the commercial sector for Oshkosh Truck Corp. during the past quarter, the company's chief executive officer told investment analysts yesterday.
Wrapping the defense of the nation's seaports under the rubric of the maritime defense zone concept may be too narrow a focus, according to Coast Guard Commandant Adm. James Loy.
A congressionally mandated study group contends a national facility should be established to research, develop and produce vaccines to combat biological terrorism.
Northrop Grumman this week said allegations that the company committed fraud against the government in connection with Pentagon programs such as the B-2 bomber are "baseless" and expressed confidence that it would be successful in court.
The president and chief executive officer of EDO Corp. today said his company was still on the acquisition trail.
Defense Secretary Donald Rumsfeld today reiterated that the Pentagon is ready to prosecute the military campaign against the Taliban and al Qaeda network up to and through the Muslim holy month of Ramadan, if need be.
General Dynamics has terminated its merger agreement with Newport News Shipbuilding, the company announced today.
Lockheed Martin Chief Financial Officer Christopher Kubasik said today that the Pentagon's Joint Strike Fighter decision, win or lose, will not affect the company's earnings prospects through 2002.
Alliant Techsystems Chairman and Chief Executive Officer Paul David Miller said yesterday that Alcoa's Thiokol Propulsion business unit was fully integrated into ATK.
Alliant Techsystems Chairman and Chief Executive Officer Paul David Miller today said he was "disappointed" the Defense Department had blocked a joint venture between ATK and General Dynamics earlier this month.
The House Appropriations Committee today announced the creation of a new section within the $317.5 billion fiscal year 2002 defense spending bill that would consolidate funding for those programs devoted to the protection of the U.S. homeland, military deployments, overseas U.S. interests and foreign allies against terrorism and weapons of mass destruction.
Northrop Grumman Chairman and Chief Executive Officer Kent Kresa said today that his company hopes to complete its acquisition of Newport News Shipbuilding within a month.
President Bush today released another $1.7 billion from the $40 billion emergency response fund approved last month by Congress, bringing the total amount released to $8.8 billion.
The Pentagon announced today it favors Northrop Grumman's bid to acquire Newport News Shipbuilding over General Dynamics' competing offer. Also today, the Justice Department filed suit against General Dynamics to block it from acquiring NNS.
United Defense plans to sell $300 million worth of shares in an initial public offering, the company announced today.
The psychological warfare campaign being waged against the Taliban forces in Afghanistan may be showing signs of bearing fruit, a senior Pentagon official said today.
Winning the Joint Strike Fighter competition would help Boeing offset the large numbers of layoffs in its commercial aircraft business unit planned as a result of last month's terrorist attacks, the company's chairman and chief executive officer said today.
The Joint Strike Fighter will probably have more than one electronics supplier regardless of which company wins the prime contract for its production, Raytheon's chairman and chief executive officer said today.
The increased security awareness brought about by last month's terrorist attacks bodes well for the defense industry, General Dynamics' chairman and chief executive officer said today.