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Business

United Technologies fourth-quarter profit drops but higher aerospace sales lifts revenue

Posted January 25, 2013 by

United Technologies Corp. posted a 26 percent drop in fourth-quarter net income from continuing operations Jan. 23 due to one-time items including restructuring costs and completing its $18.4 billion Goodrich acquisition. But the Hartford, Conn., conglomerateís huge bet on the aerospace business is paying off, and it posted strong revenue gains for its jet engine…

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Navy photograph by Smn. Heather M. Paape
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In the news...

Defense Department rescinds direct combat exclusion rule

Posted January 25, 2013 by

Navy photograph by Smn. Heather M. Paape Chief Engineman Patricia Cooper, a student in the Riverine Combat Skills course, patrols the training grounds during a field training exercise in Camp Lejeune, N.C. This class is the first RCS training group composed of Coastal Riverine Force (CORIVFOR) Sailors and the first to incorporate women into the…

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Defense

Air Force to open remaining combat positions to women

Posted January 25, 2013 by

Defense Secretary Leon E. Panetta and Chairman of the Joint Chiefs of Staff, Gen. Martin Dempsey announced Jan. 24 the rescission the 1994 Direct Ground Combat Definition and Assignment Rule for women and that the Department of Defense plans to remove gender-based barriers to service. “Women have shown great courage and sacrifice on and off…

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Business

Raytheon fourth quarter net income falls 14 percent on flat sales

Posted January 25, 2013 by

Raytheon said Jan. 24 that its fourth-quarter net income fell 14 percent, hurt by lackluster sales, but it issued a better-than-expected profit prediction for the full year. The Waltham, Mass.,-based defense contractor earned $469 million, or $1.42 per share, down from $543 million, or $1.57 per share, in the same quarter a year ago. Excluding…

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In the news...

News Briefs – January 23, 2013

Posted January 23, 2013 by

U.S. military deaths in Afghanistan at 2,044 As of Jan. 22, 2012, at least 2,044 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,705 military service members have died in Afghanistan as a result…

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Defense

New vision and mission to guide AFMC

Posted January 23, 2013 by

New vision and mission statements are at the foundation of a new command strategy designed to ensure Air Force Materiel Command continues to deliver preeminent support to the war fighter. The command’s vision is “one team, delivering capabilities to fly, fight and win …today and tomorrow.” AFMC will strive to attain that vision by accomplishing…

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Army photograph by C. Todd Lopez
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Defense

Army freezes hiring, cuts base ops, reduces training

Posted January 23, 2013 by C. Todd Lopez

Army photograph by C. Todd Lopez In advance of possible extreme budget cuts that could arrive in March, Army leadership has called for an immediate hiring freeze and spelled out other pre-emptive measures meant to help the service prepare for a fiscal cliff. In advance of possible extreme budget cuts that could arrive in March,…

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Business

U.S. Army awards $12 million contract for AeroVironment Wasp AE small UAS on behalf of U.S. Marine Corps

Posted January 23, 2013 by

AeroVironment, Inc. announced Jan. 23 that NAVAIRís Program Office for Navy & Marine Corps Small Tactical Unmanned Aircraft Systems, working collaboratively with the U.S. Armyís Counter-IED Program Office, awarded a contract Sept. 21, 2012, for AeroVironment WaspÆ AE small unmanned aircraft systems, initial spares packages, training services and one year of contractor logistics support. The…

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Business

F-35C completes first in-flight dual refueling

Posted January 23, 2013 by

Lockheed Martin photograph by Andy Wolfe For the first time, two Lockheed Martin F-35C Lightning II carrier variant test aircraft refueled together with a Lockheed Martin KC-130 Hercules in the sky above Patuxent River, Md. recently. The CV aircraft, known as CF-1 and CF-2, completed the milestone as part of an F-35 flight test program…

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NASA photographs by Tom Tschida
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Tech

ATTREX campaign: Into the stratosphere for better climate science

Posted January 23, 2013 by

NASA photographs by Tom Tschida The payload bays of NASA’s high-altitude Global Hawk environmental science aircraft are jammed with 11 specialized science instruments during checkout operations for the Airborne Tropical Tropopause Experiment, a multi-year airborne science campaign to probe unexplored regions of the upper atmosphere for answers to how changes in a warming climate is…

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