The INSIDER daily digest -- Oct. 31, 2022

By John Liang / October 31, 2022 at 1:45 PM

This Monday INSIDER Daily Digest has news on delivery delays to the Army's next-generation attack helicopter engine, the Pentagon's latest Strategic Management Plan and more.

Hopes that the Army, and General Electric, which makes the engines for the Future Attack Reconnaissance Aircraft helicopter would be delivered in November were dashed recently:

ITEP FARA delivery delayed until spring 2023

Deliveries of the new engine the Army says will power its next-generation attack helicopter are delayed until the spring because of supply chain issues, the Army said Friday.

A new Defense Department document released late last week is meant to help shape the defense industrial base for the 21st century:

DOD releases four-year Strategic Management Plan

The Pentagon, following the release of the National Defense Strategy, has released a Strategic Management Plan covering fiscal years 2022 through 2026 that lays out broad strategic goals and objectives, including shaping the defense industrial base for the 21st century.

Document: DOD's four-year Strategic Management Plan

Oshkosh, L3Harris Technologies and Textron all had earnings calls recently:

Oshkosh: Supply chain snarls lowered revenues

A parts shortage caused Oshkosh to close a manufacturing line for two weeks in the third quarter and contributed to lower defense revenues for the company in the quarter, executives said during an earnings call Thursday.

L3Harris reduces 2022 guidance after falling short on Q3 expectations

L3Harris Technologies reduced its 2022 outlook after failing to reach expectations in its third-quarter results, the company announced in its earnings report released Thursday evening.

Amidst FLRAA delays, Textron CEO projects confidence

Despite what has been a months-long delay for the Army in announcing the winning bidder for its Future Long-Range Assault Aircraft, the CEO of the parent company of one of the two finalists says that company can "live within its guidance."

(Keep an eye out for all the defense contractor earnings news in this week's upcoming Defense Business Briefing.)

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