Tag: Q2-2012
Raytheon Report Reflects US Army Contracts Drought
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.
Boeing: Solid Performance in Commercial & Military Operations
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.
Naval Systems Support Improve DCNS’s Bottom Line
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 Turns Lower Sales into Higher Earnings
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.
Cautioned About Further Delays, GD Reduces Earning Expectations
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.
Home Robots Help iRobot Offset Declining Sales of Military Robots
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 Increase Revenues, Profits in 2nd Quarter 2012
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.
