Ships sales down 25 percent: Katrina continues to hit Northrop Grumman results

Article Abstract:

Northrop Grumman Corp. reported lower quarter sales and profits due to the continued struggles in its shipbuilding operations in 2006 along the Gulf Coast, which had been hit by devastating Hurricane Katrina. Northrop reported first quarter 2006 income from continuing operations of $357 million, or $1.02 per diluted share, compared with $398 million, or $1.08 per diluted share, for the same period of 2005, a 10.3 percent decline.

Ship Building and Repairing, Shipbuilding & Repair, Economic aspects, Northrop Grumman Corp., Shipbuilding industry, Hurricane Katrina, 2005

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48 percent yearly growth rate: Software radio shipments to hit $1.7 billion in 2007: Report

Article Abstract:

The military's procurement of emerging software-define radio (SDR) technology will offer benefits to large and small contractors alike and the shipments are projected to reach $1.7 billion by 2007. SDR technology is built on a concept of enabling the introduction of new features and capabilities into transmitters simply by loading new computer software into them.

Sales & consumption, Labor Distribution by Employer, Statistics, Industry sales and revenue, Defense contracts, Government contract, Defence contracts

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DRS Technologies reports record Q2, 1st half growth

Article Abstract:

DRS Technologies Inc. a defence technology contractor, headquartered in Parsippany, New Jersey reported its record of financial results for second quarter and first half of fiscal 2005, with per-share profits up 27 percent. The profits gained and details of the contracts undertaken in the quarter are presented.

DRS Technologies Inc.

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