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Raytheon Reports 8 Percent Increase in Strong 2019 Second Quarter Results; Thomas Kennedy Quoted

Raytheon announced on Thursday that the company’s net sales were $7.2 billion in the second quarter of 2019, which represents an 8.1 percent increase compared to the $6.6 billion from last year’s results. The company reports the increase was driven by operational improvements and pension-related items, partially offset by a favorable tax-related EPS impact of $0.33. 

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Report: US Postal Service Made $16B Contract Deals in FY18

The U.S. Postal Service completed $15.9B in contracts in fiscal year 2018, representing the agency’s largest commercial spending period since 2016, Bloomberg Government reported Friday. The figure was nearly $1B higher than the $15B record set in 2017. Spending data was drawn from Bloomberg Government’s latest data on the USPS Contracts Dashboard.

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DoD Saves $4.3B in FY18, Sets $6B Goal for FY19

Lisa Hershman, acting chief management officer for DoD, said 114 projects contributed to the FY18 savings while a reduction in redundant defense systems saved the budget for early FY19. The report said DoD already freed up inventory space five times the size of the agency's central courtyard.

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