Business

June 11, 2012

General Dynamics board declares dividend, authorizes share repurchases

The General Dynamics board June 6 declared a regular quarterly dividend of 51 cents per share on the company’s common stock, payable Aug. 10, 2012, to shareholders of record at the close of business July 6.

The board also authorized management to repurchase 10 million shares of the company’s issued and outstanding common stock on the open market.




All of this week's top headlines to your email every Friday.


 
 

 

Raytheon acquires Tucson-based Sensintel, Inc.

Raytheon has acquired privately-held Sensintel, Inc., a leading provider of unmanned aircraft systems solutions to the intelligence and special operations markets. Located in Tucson, Ariz., with approximately 50 employees, Sensintel will become part of Raytheon Company’s Missile Systems business. The transaction is not expected to materially impact Raytheon’s sales or earnings in th...
 
 
Boeing photograph

Boeing Maritime Surveillance Aircraft ready for demonstration flights

Boeing photograph The Boeing Maritime Surveillance Aircraft program is ready for customer demonstration flights, having completed the baseline ground and flight testing of the aircraft mission systems. The Boeing Maritime Surve...
 
 

Pratt & Whitney concludes PurePowerÆ geared turbofan engine partnering

Pratt & Whitney and Kawasaki Heavy Industries Ltd. met recently to commemorate the signing of a risk and revenue-sharing collaboration agreement for KHI to provide key hardware modules for Pratt & Whitney’s PurePower Geared Turbofan engines. Pratt & Whitney is a division of United Technologies Corp. Pratt & Whitney currently has 10 worldwide GTF collaboration...
 

 

U.S. Navy approves F/A-18 Super Hornet IRST system for production

The F/A-18 Super Hornet infrared search and track system, developed and integrated by Boeing and Lockheed Martin, received approval from the U.S. Navy to enter low-rate initial production. The IRST system consists of Lockheed Martin’s IRST21 sensor, the GE Aviation FPU-13 Fuel Tank Assembly and the Meggitt Defense Industry Environmental Control unit. The system demonstrated...
 
 

DRS Technologies to upgrade electronic warfare E/A-18 mission for U.S., Australia

DRS Technologies Inc., a Finmeccanica Company,†announced Jan. 22 that it has been awarded access to an indefinite-delivery/indefinite-quantity contract for the production and delivery of up to 180 Joint Tactical Terminal-Receivers for U.S. Navy and Australian EA-18G aircraft. The contract is valued up to $12 million and will include JTT-R production engineering, test set racks, fixtures...
 
 

DRS Technologies’ groundbreaking laser designating gimbal completes first flight test

DRS Technologies Inc., a Finmeccanica Company, announced Jan. 21 that it successfully performed the first airborne demonstration of its GS205-XRZ laser designating gimbal. At less than six inches in diameter and weighing less than nine pounds, the GS205 is one of the smallest stabilized, light-weight and fully qualified targeting systems on the market. During its...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>