0
comments
Business

Spirit AeroSystems posts loss on productivity woes

Posted November 2, 2012 by

Aerospace supplier Spirit AeroSystems Holdings Inc. Nov. 1 posted a third-quarter loss on charges due to production setbacks for several aircraft. The Wichita, Kansas, company booked $590 million in charges during the third quarter, which it announced last month. The complexity in developing some products drove up supplier, factory and labor costs, it said. The…

Full Story »

0
comments
Business

Soldiers’ suit of Iraq War contractor goes to jury

Posted November 2, 2012 by Nigel Duara

Jurors will decide whether an Iraq War contractor is responsible for respiratory ailments and the fear of future illness that Oregon National Guard soldiers blame on a carcinogen present at a water plant they were tasked to defend. The contractor says the substance was in concentrations so small it was harmless. Attorneys for 12 Oregon…

Full Story »

0
comments
Business

Boeing delivers Royal Australian Air Force’s sixth C-17

Posted November 2, 2012 by

LONG BEACH, Calif. – Boeing delivered the sixth Royal Australian Air Force C-17 Globemaster III Nov. 1 at the company’s final assembly facility in Long Beach, Calif. The airlifter will be assigned to No. 36 Squadron at RAAF Base Amberley near Brisbane, where it will help meet increased demand for airlift to support military, humanitarian…

Full Story »

0
comments
Business

L-3 Communications third quarter net income falls 18 pct

Posted November 2, 2012 by

L-3 Communications Holdings Inc. said Nov. 1 that its third-quarter net income fell 18 percent as the U.S. government cut back on defense spending. The New York-based defense contractor, which makes secure communications systems, earned $192 million, or $1.97 per share, down from $235 million, or $2.24 per share, in the same quarter last year….

Full Story »

0
comments
Business

Boeing, Aviation Capital Services announce commitment for 35 737 MAXs

Posted October 31, 2012 by

Boeing and Aviation Capital Services LLC, a subsidiary of the State Corporation Russian Technologies announced Oct. 30 a commitment by Rostech to purchase 35 737 MAX airplanes. It is the first commitment for the 737 MAX from Russia and the Commonwealth of Independent States. Boeing and Aviation Capital Services will work to finalize the details…

Full Story »

Northrop Grumman photograph
0
comments
Business

Northrop Grumman to provide inertial navigation systems for Cessna’s Citation Sovereign business jets

Posted October 31, 2012 by

Northrop Grumman has been selected by Cessna Aircraft Company to be a provider of gyro-compassing, hybrid inertial navigation systems for the 680 Citation Sovereign business jet aircraft.

Full Story »

dassault
0
comments
Business

Dassault introduces the Falcon 2000LXS

Posted October 31, 2012 by

Oct. 29, Dassault Falcon launched the Falcon 2000LXS, offering improved airport performance, payload and cabin comfort compared to the Falcon 2000LX which it will replace in 2014. The 4,000 nautical mile Falcon 2000LXS will allow operators to access more airports because of new full-length inboard slats which give the aircraft category-leading airport performance and balanced…

Full Story »

0
comments
Business

Army’s Soldier Radio Waveform demonstrated on Raytheon’s next generation air, ground radios

Posted October 31, 2012 by

In a key milestone, Raytheon has demonstrated the Soldier Radio Waveform on its new class of airborne and ground radio terminals, providing soldiers with another way to communicate across disparate networks. During the demonstration, users were able to send voice and data traffic between Raytheon’s terminal and another soldier radio running SRW. Raytheon is moving…

Full Story »

0
comments
Business

Lockheed Martin-built Trident II D5 missile achieves 143 successful test flights

Posted October 31, 2012 by

The U.S. Navy supported the Oct. 23 launch of a United Kingdom’s Royal Navy Trident II D5 Fleet Ballistic Missile built by Lockheed Martin. The unarmed missile was launched from the submerged Royal Navy submarine HMS Vigilant in the Atlantic Ocean. The test marked the 143rd successful test flight of the Trident II D5 missile…

Full Story »

0
comments
Business

Honeywell, Cessna sign $800 million aviation equipment agreement

Posted October 31, 2012 by

The Cessna Aircraft Co. has selected Honeywell to provide the most advanced environmental control systems, industry-leading LASEREF navigation and state-of-the-art communications systems for the new Cessna Citation Latitude and Cessna Citation Longitude aircraft. The new business is expected to be worth up to $800 million over the life of the program. “We’re excited to bring…

Full Story »


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