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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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Space

Orbital awarded Air Force contract for EAGLE spacecraft platform

Posted October 24, 2012 by

Orbital Sciences Corporation announced Oct. 24 that the U.S. Air Force Research Laboratory Space Vehicles Directorate has awarded the company a $32 million contract to develop an experimental maneuverable spacecraft platform that will be capable of hosting multiple payloads and operating in low- and geosynchronous orbit. The five-year contract began in the third quarter of…

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Defense

Army, DOD must adjust to budget, force structure changes

Posted October 24, 2012 by Amaani Lyle

The Army will continue to customize its mission objectives based on budget and force structure changes, a senior defense official said in Washington, D.C., Oct. 22 during the 2012 Association of the U.S. Army’s annual conference. Todd Harvey, director of force development for the Office of the Secretary of Defense, said a defense strategy drafted…

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Business

Lockheed Martin demonstrates JAGM dual-mode seeker in high-speed captive flight tests

Posted October 24, 2012 by

Lockheed Martin successfully tested its Joint Air-to-Ground Missile dual-mode seeker in high-speed captive flight tests, demonstrating its ability to track ground targets while flying at tactical speeds. The company-funded tests were conducted on a Sabreliner jet at Yuma Proving Ground, Ariz. The data collected from the tests validated the maximum ranges of the seeker’s millimeter…

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Business

Army test proves JLENS can target swarming boats

Posted October 24, 2012 by

Early results from a recent U.S. Army test proved the Raytheon produced JLENS can provide target-quality data on swarming boats to a variety of defense command networks in real time. “JLENS gives commanders more time and distance to counter dangers like swarming boats because it can detect threats from hundreds of miles away and upload…

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