0
comments
Business

Unmanned aircraft partnership reaches major milestone

Posted September 2, 2014 by

A team of research students and staff from Warsaw University of Technology have successfully demonstrated the first phase of flight test and integration of unmanned aircraft platforms with an autonomous mission control system. The demonstration marks a significant milestone in a partnership between the university and Lockheed Martin that began earlier this year. This is…

Full Story »

0
comments
Business

Boeing, DLA partnership will improve war fighter logistics support

Posted September 19, 2014 by

Boeing has received a $293 million performance-based contract from the Defense Logistics Agency to provide aircraft parts and support that will enable DLA to provide essential logistics support to warfighters more quickly and effectively. Boeing proposed a holistic partnership and transformational approach that fundamentally changes the way DLA and Boeing do business,î said Julie Praiss,…

Full Story »

NG-sensor
0
comments
Business

Northrop Grumman conducts successful demonstration of its AQS-24A system for U.S Naval Forces Central Command

Posted October 6, 2014 by

Northrop Grumman, in support of U.S. Naval Forces Central Command in Manama, Bahrain, announced the successful demonstration of an unmanned mine-hunting mission.

Full Story »

0
comments
Business

Passenger jets push Boeing’s profit up 18 percent

Posted October 24, 2014 by Scott Mayerowitz

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year. On a per-share basis, the Chicago-based company said it had a profit of $1.86. Adjusted for non-operating costs, earnings came to $2.14 per share, better than…

Full Story »

0
comments
Business

Elbit subsidiary to provide logistics support to U.S. Air Force’s F-16 head-up displays

Posted November 12, 2014 by

Elbit Systems Ltd. announced Nov. 11 that its wholly-owned U.S. subsidiary, Elbit Systems of America, LLC, was awarded a five-year, firm-fixed price contract valued at approximately $29 million by the U.S. Air Force for logistics support of the F-16 head-up display electric module assemblies. The contract will be performed by Elbit Systems of America’s subsidiary…

Full Story »

0
comments
Business

Northrop Grumman to develop new atom-based magnetic sensor

Posted March 27, 2012 by

WOODLAND HILLS, Calif. – Northrop Grumman has been selected by the Office of Naval Research to develop a new cost-effective atom-based magnetic sensor, or magnetometer, for antisubmarine warfare operations. The highly sensitive magnetometer will be part of a magnetic anomaly detection system mounted on helicopters, unmanned aerial vehicles or submarines. Whether in the air above…

Full Story »

0
comments
Business

General Dynamics awarded $78 million for Virginia-class submarine procurement

Posted April 18, 2012 by

The U.S. Navy has awarded General Dynamics Electric Boat a $78 million contract to buy long lead-time material for the Virginia-class submarine SSN-792. Electric Boat is a wholly owned subsidiary of General Dynamics. The contract provides funding for steam and electrical-plant components, the main propulsion unit and ship-service turbine generator set, as well as miscellaneous…

Full Story »

0
comments
Business

L-3 Communications first quarter beats street; shares surge

Posted April 26, 2012 by

L-3 Communications Holdings Inc.’s net income edged lower in the first quarter as governments spent less on its services. It was still good enough to beat Wall Street expectations, however, and the defense contractor boosted its full-year earnings guidance as well, sending shares up 6 percent April 26. L-3’s net income for the three months…

Full Story »

0
comments
Business

General Dynamics delivers USS Mississippi sub to Navy 363 days ahead of schedule

Posted May 4, 2012 by

General Dynamics Electric Boat today delivered the nuclear-powered attack submarine Mississippi (SSN-782) to the U.S. Navy 363 days ahead of contract schedule and more than $60 million below target cost. Electric Boat is a wholly owned subsidiary of General Dynamics. John Holmander, vice president and Virginia program manager for General Dynamics Electric Boat, noted that…

Full Story »

0
comments
Business

Raytheon awarded $313.8 million for Standard Missile-6 all-up rounds

Posted May 16, 2012 by

The U.S. Navy awarded Raytheon a $313.8 million contract for low-rate initial production of Standard Missile-6 all-up rounds. SM-6 leverages the legacy Standard Missile airframe and propulsion elements, while incorporating the advanced signal processing and guidance control capabilities of Raytheon’s Advanced Medium-Range Air-to-Air Missile. Work will be performed in Tucson, Ariz.; Camden, Ark.; Andover, Mass.;…

Full Story »


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