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United Technologies beats third quarter profit expectations

Posted October 24, 2014 by

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,…

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Raytheon SM-6s intercept targets in ‘engage on remote’ tests

Posted October 24, 2014 by

During the U.S. Navy’s Combat Ship System Qualification Trials, the USS Chancellorsville (CG 62) tested two Raytheon Standard Missile-6 interceptors against anti-ship and cruise missile targets. As part of ‘engage on remote’ scenarios, the ship launched the SM-6 interceptors prior to its own radars ‘seeing’ the incoming threats, using targeting information from another Aegis ship…

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General Dynamics receives $19 million contract for submarine planning services

Posted October 24, 2014 by

The U.S. Navy has awarded General Dynamics Electric Boat an $18.9 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics. Initially awarded in November 2011, the contract has a potential value of $121.2 million through…

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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…

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MQ-8C Fire Scout completes “slope testing”

Posted October 24, 2014 by

Northrop Grumman successfully completed precision sloped landing tests Aug. 27 with the MQ-8C Fire Scout at Naval Base Ventura County, Point Mugu, Calif., in preparation for at-sea testing.

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Lockheed Martin teams with Roketsan of Turkey on new standoff missile for F-35

Posted October 22, 2014 by

Roketsan and Lockheed Martin signed a teaming agreement Oct. 22 for collaboration on the SOM-J, a new generation air-to-surface Standoff Cruise Missile for the F-35 Lightning II. The SOM system is an autonomous, long-range, low-observable, all-weather, precision air-to-surface cruise missile. The SOM-J variant is tailored for internal carriage on the F-35 aircraft. The companies will…

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Boeing celebrates groundbreaking for 777X composite wing center

Posted October 22, 2014 by

Boeing Oct. 21 celebrated the groundbreaking of its new 777X Composite Wing Center at the Everett, Wash., campus.

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Northrop Grumman to supply new attitude, heading reference system for Airbus helicopters

Posted October 22, 2014 by

Northrop Grumman has been selected by Airbus Helicopters to certify and deliver its new LCR-350 Attitude and Heading Reference System for several helicopter platforms. Developed by Northrop Grumman’s subsidiary in Germany, Northrop Grumman LITEF, the LCR-350 AHRS can be used in civil and military applications on rotary- and fixed-wing platforms, providing critical flight control data…

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Dassault Falcon Jet establishes new pilot operational support team

Posted October 20, 2014 by

Dassault Falcon Jet recently established a new Pilot Operational Support Team in Teterboro, N.J., to support operators in the Western Hemisphere.

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U.S. Navy awards Raytheon $49.5 million enhanced Laser Maverick production contract

Posted October 20, 2014 by

The U.S. Navy has awarded Raytheon a $49.5 million contract for production of new laser-guided Maverick missiles (AGM-65E2/L). The Navy also intends to exercise a contract option to purchase additional units bringing the total contract value to $54.9 million. The Maverick weapon system, a U.S. Air Force-led joint service program, is a forward firing, precision-guided,…

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