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Raytheon reported today its financial performance for the second quarter of 2012. Overall, net sales were US$5.99 billion, representing a 3 percent drop compared to the second quarter in 2011. The total backlog dropped $1.6 billion since December 2011. Nevertheless, the company increased ‘earning per share’ by 13 percent thanks to recent stock repurchasing.
The Boeing Company Defense & Space operations increased by 7 percent to $8.2 billion in the second quarter, amid tougher operating conditions, reflected by a drop in operating margin by 1.5 points. The backlog remained at $72 billion - more than two times the unit’s projected annual revenue.
The marine and shipbuiling group DCNS reported its half-year The French marine and shipbuiling group DCNS reported strong performance in its half-year financials today. Revenues increased to €1.4 billion, and Operating profit of €98 million, but orders intake dropped from €1.2 billion to €813 million, yet, maintaining the company order book at €14.2 billion, same as 12 months ago.
Northrop Grumman Corporation reported today its earnings from continuing operations in the second quarter of 2012 declined to $480 million, compared with $520 million in the first half of 2011. "Our businesses continue to perform well,” said Wes Bush, chairman, chief executive officer and president.
General Dynamics reported today second-quarter 2012 earnings from continuing operations of $634 million, compared with $666 million in the second quarter of 2011. Revenues in the quarter were $7.9 billion. Net earnings for the second quarter of 2012 were $634 million, compared to $653 million. Funded backlog has also declined slightly in the second quarter, compared to first-quarter 2012.
The steadily increasing sales and global reach of iRobot's Home Robot business enables the company to "substantially offset the continuing impact of U.S. government funding on our Defense & Security business"
Lockheed Martin reported today net sales of $11.9 billion and net earnings from continuing operations of $781 million for the second quarter of 2012. The report reflects a modest growth over the second quarter last year.