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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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Air Force photograph by SrA. Christine Griffiths
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Defense

F-16s being regenerated into drones

Posted July 24, 2013 by Teresa Pittman

Air Force photograph by SrA. Christine Griffiths Robert Bliven and Andrew Bakios, 567th Aerospace Maintenance and Regeneration Squadron perform maintenance on the first QF-16 being regenerated at the 309th Aerospace Maintenance and Regeneration Group at Davis-Monthan Air Force Base, Ariz., July 9, 2013. The conversion is slated to take approximately six months, or 180 calendar…

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In the news...

Congress threatens Afghanistan over U.S. exit taxes

Posted July 24, 2013 by Bradley Klapper

Lawmakers threatened Afghanistan July 23 with severe cuts in foreign aid if President Hamid Karzai’s government institutes an exit tax on American military equipment, food supplies and other goods as the United States pulls most of its troops and much of its property out of the country over the next 18 months. I have seen…

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Space

NASA’s Spitzer observes gas emission from comet ISON

Posted July 24, 2013 by timchisham

Astronomers using NASA’s Spitzer Space Telescope have observed what most likely are strong carbon dioxide emissions from Comet ISON ahead of its anticipated pass through the inner solar system later this year. Images captured June 13 with Spitzer’s Infrared Array Camera indicate carbon dioxide is slowly and steadily “fizzing” away from the so-called “soda-pop comet,”…

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Veterans

Agencies work to bolster vet, family education Outcomes

Posted July 24, 2013 by Karen Parrish

Several government agencies are working on initiatives to improve educational success rates for service members, veterans and their families, senior Department of Veterans Affairs and consumer protection officials told lawmakers July 23. Curtis L. Coy, deputy undersecretary for economic opportunity for VAĆ­s Veterans Benefits Administration, testified with several other witnesses before the Senate Homeland Security…

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