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Business

Airbus parent EADS sees fourth quarter earnings halve

Posted March 1, 2013 by Frank Jordans

Airbus parent company EADS NV posted a 47 percent drop in fourth-quarter net profit Feb. 27 after taking costly charges at its helicopter and defense electronics divisions. The aerospace giant recorded a (euro) 325 million ($425 million) net profit in the October-December period, down from the previous year’s (euro) 612 million. But for the full…

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In the news...

Headlines: February 27, 2013

Posted February 27, 2013 by

News Pentagon F-35 program chief lashes Lockheed, Pratt & Whitney The Pentagon program chief for the F-35 slammed its commercial partners Lockheed Martin and Pratt & Whitney Feb. 27, accusing them of trying to “squeeze every nickel” out of the U.S. government and failing to see the long-term benefits of the project. Pratt rules out…

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Business

General Dynamics awarded $224 million by U.S. Army for Hydra-70 rocket program

Posted February 27, 2013 by

General Dynamics Armament and Technical Products recently was awarded two contracts by the U.S. Army including $210.4 million for the production of Hydra-70 air-to-ground rockets and $13.5 million for engineering services in support of the Hydra-70 rocket program. General Dynamics Armament and Technical Products is a business unit of General Dynamics. The Army Contracting Command…

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Space

NASA student Mars project wins education award

Posted February 27, 2013 by

A NASA project that allows students to use a camera on a spacecraft orbiting Mars for research has received a new education prize from the journal Science. NASA’s Mars Student Imaging Project, a component of NASA’s Science Mission Directorate education and outreach activities, enables students from fifth grade through college to take an image of…

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Business

Lockheed Martin completes 400th MH-60 digital cockpit for installation on first Australian Romeo helicopter

Posted February 27, 2013 by

Lockheed Martin has completed the 400th Common Cockpit™ avionics suite for the U.S. Navy’s MH-60 Seahawk helicopter program. The digital cockpit will be installed aboard the first of 24 MH-60R (Romeo) anti-submarine and anti-surface warfare helicopters to be acquired by the Royal Australian Navy via the U.S. government’s Foreign Military Sales program. “The Common Cockpit…

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Space

NASA’s NuSTAR helps solve riddle of black hole spin

Posted February 27, 2013 by

Two X-ray space observatories, NASA’s Nuclear Spectroscopic Telescope Array (NuSTAR) and the European Space Agency’s XMM-Newton, have teamed up to measure definitively, for the first time, the spin rate of a black hole with a mass 2 million times that of our sun. The supermassive black hole lies at the dust and gas-filled heart of…

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Space

National video contest asks the public to share “Why Space Matters to the Future”

Posted February 27, 2013 by

Space exploration has challenged, inspired, and improved us for more than half a century. Today, the Coalition for Space Exploration, in partnership with the recently-formed NASA Visitor Centers Consortium announced an expansion of the Coalition’s “Why Space Matters to the Future” video contest that encourages U.S. residents to visualize what life will be like in…

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Business

Northrop Grumman’s Global Hawk program selected for U.S. Air Force sustainment excellence award

Posted February 27, 2013 by

The U.S. Air Force RQ-4 Global Hawk unmanned aircraft program was recently awarded the 2012 Dr. James G. Roche Sustainment Excellence Award for demonstrating the most improved performance in aircraft maintenance and logistics readiness. Northrop Grumman is the prime contractor for the high-flying fleet of Global Hawks. “Even with a year marked with fiscal challenges…

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Veterans

Troops, vets want ‘fair shot’ at employment, Battaglia says

Posted February 27, 2013 by Claudette Roulo

Service members and veterans are more than prepared to transition into civilian employment, the senior enlisted advisor to the chairman of the Joint Chiefs of Staff said Feb. 25. Following the release today of a report by the Executive Office of the President titled “The Fast Track to Civilian Employment: Streamlining Credentialing and Licensing for…

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Business

Boeing brings advanced training capabilities to U.S. Navy’s T-45 fleet

Posted February 27, 2013 by

Four operational flight trainers built by Boeing are up and running at Naval Air Station Pensacola, Fla., allowing the U.S. Navy to shift some training for its T-45 aircraft to the ground and thereby improve safety and save money. The flight simulators use high-fidelity, state-of-the-art visuals to train naval flight officers on the ground, saving…

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