0
comments
Business

Raytheon slips as profit outlook falls short of estimates

Posted February 2, 2015 by

Shares of Raytheon fell Jan. 29 after the defense contractor’s 2015 profit forecast came in short of Wall Street estimates. The maker of the Tomahawk cruise missile and other weapons and communication systems said it expects to earn between $6.20 and $6.35 per share from continuing operations, and it forecast $22.3 billion to $22.8 billion…

Full Story »

boeing-ana2
0
comments
Business

Boeing announces ANA’s commitment to more jetliners

Posted January 30, 2015 by

Boeing and All Nippon Airways announced Jan. 30 the airline’s intent to purchase three 787-10 Dreamliners to add additional flexibility to the airline’s 787 fleet.

Full Story »

0
comments
Business

Demand for airplanes lifts Boeing’s 4Q profit

Posted January 30, 2015 by David Koenig

Boeing’s fourth-quarter profit rose 19 percent as demand for commercial airliners trumped weakness in its defense business. Investors looked past a muted outlook for 2015 earnings and sent the shares to a 52-week high Jan. 28. Chicago-based Boeing and European rival Airbus have prospered as airlines around the world have gone on a shopping spree,…

Full Story »

0
comments
Business

Boeing wins $51 million contract to sustain ICBM guidance system

Posted January 30, 2015 by

HUNTINGTON BEACH, Calif. – Boeing will provide sustaining engineering support for the guidance system of the Minuteman III intercontinental ballistic missile for the U.S. Air Force, ensuring the safety, security and effectiveness of the nation’s land-based nuclear deterrent, under a recently-awarded $51 million contract. “Since 1958, Boeing has stood alongside the U.S. Air Force to…

Full Story »

0
comments
Business

Orbital stockholders approve merger with ATK’s aerospace, defense groups

Posted January 28, 2015 by

Orbital Sciences Corporation announced Jan. 27 that at a special meeting, the company’s stockholders voted overwhelmingly to approve the proposed merger with the Aerospace and Defense Groups of Alliant Techsystems Inc., pursuant to the definitive transaction agreement dated April 28, 2014. Approximately 99 percent of the votes cast at the special meeting voted in favor…

Full Story »

0
comments
Business

Northrop Grumman, MDA successfully complete command cyber readiness inspection

Posted January 28, 2015 by

Northrop Grumman provided invaluable assistance for the U.S. Missile Defense Agency’s Excellent rating from the Command Cyber Readiness Inspection conducted on the Missile Defense Integration and Operations Center networks at Schriever Air Force Base, Colo. The CCRI evaluates a site’s compliance with information assurance and network defense policies and configuration standards for technologies as dictated…

Full Story »

0
comments
Business

Raytheon acquires Tucson-based Sensintel, Inc.

Posted January 26, 2015 by

Raytheon has acquired privately-held Sensintel, Inc., a leading provider of unmanned aircraft systems solutions to the intelligence and special operations markets. Located in Tucson, Ariz., with approximately 50 employees, Sensintel will become part of Raytheon Company’s Missile Systems business. The transaction is not expected to materially impact Raytheon’s sales or earnings in the first quarter…

Full Story »

Boeing photograph
0
comments
Business

Boeing Maritime Surveillance Aircraft ready for demonstration flights

Posted January 23, 2015 by

Boeing photograph The Boeing Maritime Surveillance Aircraft program is ready for customer demonstration flights, having completed the baseline ground and flight testing of the aircraft mission systems. The Boeing Maritime Surveillance Aircraft program is ready for customer demonstration flights, having completed the baseline ground and flight testing of the aircraft mission systems. Flights for prospective…

Full Story »

0
comments
Business

Pratt & Whitney concludes PurePowerÆ geared turbofan engine partnering

Posted January 23, 2015 by

Pratt & Whitney and Kawasaki Heavy Industries Ltd. met recently to commemorate the signing of a risk and revenue-sharing collaboration agreement for KHI to provide key hardware modules for Pratt & Whitney’s PurePower Geared Turbofan engines. Pratt & Whitney is a division of United Technologies Corp. Pratt & Whitney currently has 10 worldwide GTF collaboration…

Full Story »

0
comments
Business

U.S. Navy approves F/A-18 Super Hornet IRST system for production

Posted January 23, 2015 by

The F/A-18 Super Hornet infrared search and track system, developed and integrated by Boeing and Lockheed Martin, received approval from the U.S. Navy to enter low-rate initial production. The IRST system consists of Lockheed Martin’s IRST21 sensor, the GE Aviation FPU-13 Fuel Tank Assembly and the Meggitt Defense Industry Environmental Control unit. The system demonstrated…

Full Story »


All of this week's top headlines to your email every Friday.