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Veterans

VA medical facilities named to Joint Commission’s top performers list

Posted October 24, 2012 by

Nineteen Department of Veterans Affairs medical facilities from across the Nation were recently recognized by The Joint Commission as top performers on key health care quality measures for 2011/2012. “We at VA are very pleased with The Joint Commission recognition. We are proud of the medical facilities that made this list, proving VA’s commitment to…

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Business

United Technologies third quarter profit, revenue up

Posted October 24, 2012 by Stephen Singer

United Technologies Corp. posted higher third-quarter net income and revenue Oct. 23 on rising orders in key businesses, but said it expects the U.S. economic recovery to remain anemic and offered a gloomy assessment of business in Europe. The parent company of Otis Elevator, jet engine maker Pratt & Whitney, Sikorsky helicopter, Carrier heating and…

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Business

Northrop Grumman third quarter net income falls 12 percent

Posted October 24, 2012 by

Defense contractor Northrop Grumman said Oct. 24 its third-quarter net income fell 12 percent, pulled down by a $66 million drop in net pension income, along with lower revenue. But the company’s profit beat Wall Street predictions and it boosted its full-year profit outlook. The Falls Church, Va.,-based company earned $459 million, or $1.82 per…

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Business

Lockheed Martin third quarter profit up, boost guidance

Posted October 24, 2012 by

Lockheed Martin said Oct.2 4 its third-quarter net income rose 4 percent, as lower pension-related costs helped offset a drop in revenue. The results beat Wall Street predictions and the Bethesda, Md.,-based aerospace and defense contractor also raised its full-year profit and revenue predictions. Lockheed Martin earned $727 million, or $2.21 per share, in the…

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Business

General Dynamics third quarter profit falls on higher costs

Posted October 24, 2012 by

General Dynamics said Oct. 24 that its third-quarter net income fell 8 percent, as higher costs more than offset a modest revenue increase. The Falls Church, Va., aerospace and defense company earned $600 million, or $1.70 per share, down from $652 million, or $1.80 per share, in the same quarter last year. Revenue edged up…

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Business

Pension expense hurts Boeing third quarter net

Posted October 24, 2012 by Joshua Freed

Boeing said its net income this year will be bigger than it had expected as deliveries of commercial airplanes picks up. Higher pension expenses hurt Boeing’s third-quarter profit, but other measures for the big airplane maker and defense contractor were strong. Profits rose in both its commercial and defense units. And it reaffirmed plans to…

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Defense

Europe remains important to new strategy, general says

Posted October 24, 2012 by Jim Garamone

Europe remains important, even as the United States shifts its strategic focus to the Asia-Pacific region, the commander of U.S. Army Europe and 7th Army said during a Defense Writers Group breakfast in Washington, D.C., Oct. 23. “Europe remains one of our key strategic partners, Lt. Gen. Mark P. Hertling said. “If you take a…

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In the news...

Helicopter Foundation International offering free money

Posted October 24, 2012 by

Scholarships help defray cost of commercial pilot, aviation maintenance technician certificates   The deadline is fast approaching for the 18 scholarships that the Helicopter Foundation International will award to students in the helicopter industry. On June 1, HFI began accepting scholarship submissions. The foundation is now more than three quarters of the way to the…

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Tech

Leaner Navy looking at future technology, fleet size, sequestration

Posted October 24, 2012 by by David Smalley

Adm. Mark Ferguson, vice chief of naval operations, headlined the opening of the Office of Naval Research Naval Science and Technology Partnership Conference and ASNE Expo Oct. 22, 2012, and highlighted the importance of innovative science and technology programs being developed by the Navy. He also offered a revealing look at the potential future for…

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Veterans

VA awards more than $47 million for state, tribal veterans cemeteries

Posted October 24, 2012 by

The Department of Veterans Affairs recently announced the award of 18 grants totaling $47,462,135 to 15 states and one tribal government to establish new Veterans cemeteries and to expand or improve others. “VA is committed to helping state and tribal Veterans cemeteries meet national shrine standards and honor Veterans with dignified burials,” said Secretary of…

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