The INSIDER daily digest -- Oct. 24, 2024

By John Liang / October 24, 2024 at 1:34 PM

This Thursday INSIDER Daily Digest has news on defense contractors' quarterly earnings as well as a Defense Intelligence Agency report on the nuclear programs of Russia, China, North Korea and Iran.

We start off with coverage of Northrop Grumman, Boeing and General Dynamics quarterly earnings:

Northrop expecting second lot contract for B-21 by end of year

Northrop Grumman expects to be awarded a contract for the second low-rate initial production lot for the B-21 Raider bomber by the end of the year, CEO Kathy Warden said today.

Boeing CEO says company must fundamentally change as defense unit logs $2 billion charge

Defense manufacturing giant Boeing is again hemorrhaging money, but CEO Kelly Ortberg says the company can pivot back to prior success via better discipline in its "tough contracts" and a focus on risk management in future ones.

Boeing adds $217 million loss on MQ-25 Stingray

Boeing has added a loss of $217 million for the MQ-25 Stingray program, according to company earnings released this week.

GD execs: Submarine supply chain not improving fast enough, program costs rising

The submarine supply chain is not improving fast enough, according to General Dynamics executives, who today said the company is slowing construction work to match the sluggish pace of component deliveries.

A new Defense Intelligence Agency report "provides an updated, unclassified overview of the nuclear programs of Russia, China, North Korea and Iran":

DIA: China on track to have more than 1,000 operational nukes by 2030, faster than expected

China is growing its nuclear force at a faster rate than previously forecast and will have more than 1,000 operational warheads fielded by 2030 on delivery systems capable of striking the United States, according to a new Defense Intelligence Agency report on the growing nuclear capabilities of strategic competitors and regional rivals.

Document: DIA report on nuclear challenges

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