Rapid Fire Oct. 25, 2012: Euronaval 2012Oct 25, 2012 10:30 UTC by Defense Industry Daily staff
- The Euronaval tradeshow is taking place this week in Paris, France. They publish a daily bilingual wrap-up, here is yesterday’s [PDF].
- Lockheed Martin’s Q3 2012 sales decreased by 2% Y/Y to $11.87B, a smaller decrease than reported by Northrop Grumman or Boeing BDS for the same period. Electronic Systems grew and actually passed Aeronautics to become the largest segment by revenue.
- Raytheon’s Q3 sales are down 1% to $6.05B. Integrated Defense Systems (IDS) saw the best topline performance among their divisions. The backlog remains stable around $35B.
- Contrarily to other prime contractors, General Dynamics’ revenues for the quarter were up 1% to $7.93B, driven by a +30% surge in the Aerospace segment that more than compensated declining combat and information systems revenue. However their total backlog has lost about $7B from a year ago.