This Wednesday INSIDER Daily Digest has news from various defense contractors' quarterly earnings and more.
We start off with coverage of Boeing's, General Dynamics' and RTX's quarterly earnings calls:
Boeing is "wrestling through" its fixed-price defense and space contracts and expects to begin turning an operating profit in its defense business in 2025, CEO David Calhoun said Wednesday.
General Dynamics is adjusting to a "new normal" for its supply chains, according to company executives, who said despite persistent challenges, its shipbuilding business experienced continued growth with record revenue during the second quarter of 2023.
Despite a strong second-quarter earnings record, RTX this morning disclosed its Pratt & Whitney business unit found a rare condition in the powdered metal used to manufacture certain engines that would require an accelerated fleet inspection.
The Army is striving to create a simulated Synthetic Training Environment capability in response to multidomain operations:
The Army plans to begin its initial fielding of the Reconfigurable Virtual Collective Trainer (RVCT) in fiscal year 2024 at three bases and is also aiming to soon expand the requirements for the system to include both legacy and new air and ground systems, officials told reporters Monday.
More cyber defense news from our colleagues at Inside Cybersecurity:
The Pentagon's Cybersecurity Maturity Model Certification program is entering a new stage with the submission of the rulemaking to implement the program now under review at the White House Office of Management and Budget's information and regulatory affairs office.