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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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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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The O’Gara Group acquires BAE Systems Commercial Armored Vehicle Division, Transparent Armor Business

Posted February 27, 2013 by timchisham

The O’Gara Group, Inc., a global provider of security and defense products and services, announced Feb. 25 that it has completed the purchase of BAE Systems Commercial Armored Vehicles LLC and has renamed the business O’Gara-Hess & Eisenhardt Armoring Company LLC. This acquisition greatly expands the capacity of O’Gara’s Mobile Systems division, which currently designs,…

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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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Northrop Grumman names VP finance, controller for Electronic Systems Sector

Posted February 27, 2013 by

Northrop Grumman has appointed Timothy Harrington as vice president of finance and controller for the company’s Linthicum-based Electronic Systems sector, effective immediately. In his new position, Harrington will be responsible for all sector financial functions, including financial planning, reporting and analysis, rates and budgets, government liaison, accounting, Sarbanes-Oxley compliance, tax, international finance, program planning and…

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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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AAR completes sale of 10 737-400 aircraft to MAS from its joint venture portfolio

Posted February 27, 2013 by

AAR and its joint venture partner have completed the sale of 10 Boeing 737-400 aircraft to Malaysian Airline System Berhad, which the company announced in November 2012. The sale is consistent with the companyís stated goal to reduce its investment in aircraft leasing. AAR’s portfolio now includes four aircraft held in joint ventures and two…

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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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SAIC announces names for planned new companies

Posted February 27, 2013 by

SAIC announced Feb. 25 the names for the businesses expected to be created in the latter half of this fiscal year following its planned separation into two independent, publicly traded companies, as announced Aug. 30. The technical services and enterprise Information Technology (IT) business will continue the SAIC name, and the national security, health and…

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Boeing subsidiary unveils tool to improve testing of wireless networks

Posted February 27, 2013 by

Boeing subsidiary Digital Receiver Technology Inc. Feb. 26 debuted an easier, faster way for wireless carriers and infrastructure providers to assess their cellular network and identify areas where upgrades may be required. Unveiled during the 2013 Mobile World Congress in Barcelona, Spain, the pocket-sized DRT4311B could ultimately help increase network performance and customer satisfaction. “The…

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