The old IDS only focused on Patriot-you see what has happened to the ex-president and cfo of IDS. WS completely missed hypersonics. The only good results are with RIS. The genesis of that technology is the El Segundo group-the heart of that is Hughes.
4 replies (most recent on top)
Missile Systems is fu---d. Fighting for contract scraps. Losing money, people and contracts.
Also think about it they sold off that division in the merger they had to sell off three different divisions in order for the SEC to approve that merger so there was no type of ““ monopoly in the area so that was a given that shouldn’tcome surprise to anyone that’s not gonna be their future focus
Had to pick between investing in hypersonic or $2b 2021 buyback and 7% dividend raise...
What does this have to do with layoffs?