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Veterans

Post-9/11 GI Bill celebrates fourth anniversary

Posted July 29, 2013 by

Aug. 1, marks the fourth anniversary of the Post-9/11 GI Bill. The VA has issued approximately $30 billion in Post 9/11 GI-Bill benefit payments since its inception in August 2009 and helped nearly 1 million service members, veterans and their families pursue their education. ìThe Post-9/11 GI Bill has helped many of our Nationís Veterans…

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In the news...

News Briefs July 24, 2013

Posted July 24, 2013 by

Northrop Grumman second quarter net income rises two percent Defense contractor Northrop Grumman said July 24 that second-quarter net income rose 2 percent, easily beating Wall Street expectations, and the company boosted its outlook for the full year. Northrop Grumman, based in Falls Church, Va., earned $488 million, or $2.05 per share, up from $480…

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Business

Boeing delivers Indian Air Force’s second C-17 Globemaster III

Posted July 24, 2013 by

LONG BEACH, Calif. – Boeing delivered the Indian Air Forceís second C-17 Globemaster III July 22, a month after Indiaís first C-17 arrived in the country and immediately began supporting IAF operations. This second IAF C-17 also will immediately enter service. India will receive 10 aircraft by 2014. “Our first C-17 Globemaster III not only…

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Business

Boeing completes 737 MAX 8 firm configuration

Posted July 24, 2013 by

Boeing has completed the firm configuration of the 737 MAX 8. This milestone marks completion of the major trade studies that define the capabilities of the 737 MAX family. “We have defined the design requirements for the 737 MAX that provide our customers with the most value in the single-aisle market,” said Michael Teal, chief…

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Business

United Tech posts big second quarter profit, revenue gains

Posted July 24, 2013 by Stephen Singer

United Technologies, citing strong orders at its elevator business in China and for commercial airline parts, posted double-digit percentage increases in profit and revenue for the second quarter Tuesday. The aerospace and building systems conglomerate is benefiting from its $18.4 billion purchase of Goodrich, and subsidiary Pratt & Whitney’s $1.5 billion deal to buy Rolls-Royce…

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Business

New Mexico couple’s defraud ‘apology’ letter rejected

Posted July 24, 2013 by

A federal judge has rejected a letter of apology from a New Mexico couple found guilty of defrauding the U.S. Air Force out of millions. U.S. District Judge Fred Biery ruled July 22 that Donald Dean Brewer and his wife, Sherri Lynn Brewer, both 64, face federal prison time unless they resubmit a draft of…

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Business

Lockheed Martin second quarter withstands budget cuts

Posted July 24, 2013 by

Lockheed Martin raised its profit guidance for the year after posting a higher-then-expected second-quarter profit because of strong sales of missile defense systems, and because it settled a dispute over a canceled project to build the new presidential helicopter. Just three months ago, the maker of fighter jets, missiles and other defense goods had warned…

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Space

NASA creates spacewalk mishap investigation board

Posted July 24, 2013 by

NASA has appointed a board to investigate the July 16 early termination of a spacewalk outside the International Space Station, develop a set of lessons learned from the incident and suggest ways to prevent a similar problem in the future. The board will begin its work Aug. 2, in close coordination with a NASA engineering…

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Business

Boeing second quarter profit tops expectations despite 787

Posted July 24, 2013 by Joshua Freed

Boeing’s problems with its 787 have made headlines, but they haven’t hurt profits. It posted a bigger-than-expected second-quarter profit as it ramped up deliveries of commercial planes like its 737 and its 777. Boeing is in the midst of a boom in airplane orders as airlines in Asia and Latin America expand. It is speeding…

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Business

AAR sources, modifies two Boeing 737s for U.S. Marshals Service

Posted July 24, 2013 by

The U.S. Marshals Service has signed a purchase commitment with AAR for two Boeing 737-400 aircraft for delivery in September. In addition to sourcing the aircraft, AAR will provide airframe and landing gear overhaul, aircraft painting and interior reconfiguration. AAR recently delivered two similar aircraft to the Colombian Air Force as part of a cost-effective…

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