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CRS Reports on Current State of Ukrainian Armed Forces

CRS Reports on Current State of Ukrainian Armed Forces

In 2014, the Ukrainian military, which observers noted had been weakened by years of neglect and underfunding, faced Russia’s occupation of Ukraine’s Crimea region and invasion of eastern Ukraine. Since that time, the Ukrainian armed forces have made considerable improvements; they have undertaken e…
Bell Boeing Improve Maintainability of V-22

Bell Boeing Improve Maintainability of V-22

AMARILLO, TX — Bell has completed the first Nacelle Improvements Modification on an Air Force CV-22 Osprey. The aircraft is part of an ongoing upgrade by Bell and Boeing to improve the wiring components within the nacelles and to change the structure in order to improve maintainability. The Osprey…
Former US Defense Contractor Sentenced to 10 Years for Fraud

Former US Defense Contractor Sentenced to 10 Years for Fraud

MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Craig Klund, 58, Yankton, South Dakota, was sentenced today by U.S. District Judge James D. Peterson to 10 years in federal prison for wire fraud, money laundering, and aggravated identity…
Embraer Completes Reintegration of Commercial Aviation Business

Embraer Completes Reintegration of Commercial Aviation Business

SAO JOSE DOS CAMPOS, Brazil — Embraer has successfully completed the reintegration of its commercial aviation business’ main information technology systems and processes. The work done throughout January did not hamper the continuity of the company’s essential operations.

The reorganization res…

GD Posts Net 2021 Earnings of $3.3Bn on Sales of $38.5Bn

GD Posts Net 2021 Earnings of $3.3Bn on Sales of $38.5Bn

RESTON, Va. — General Dynamics today reported quarterly net earnings of $952 million, or $3.39 diluted earnings per share (EPS), on $10.3 billion in revenue. For the full year, net earnings were $3.3 billion, or $11.55 per diluted share, on revenue of $38.5 billion.

Operating margin was 11.5% f…


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