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Business

Rob Weiss named lead for Lockheed Martinís Skunk Works

Posted July 29, 2013 by

Lockheed Martin recently announced that Rob Weiss has been selected executive vice president and general manager of Aeronautics Advanced Development Programs, also known as the Skunk Works. “Our business environment is changing, and this leadership realignment is an important example of how we are taking action to better position ADP and Aeronautics to support our…

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Space

Arrests bring drop in Seattle VA travel claims

Posted July 29, 2013 by Gene Johnson

A funny thing happened after federal authorities arrested several military veterans last year and accused them of lying about how far they drove to get to medical appointments at the Veterans Administration hospital in Seattle. A bunch of others who didn’t get busted stopped filing for so much money in mileage reimbursements, and the VA…

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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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