0
comments
Business

DRS Technologies awarded contract For Halvorsen aircraft loader/transporter overhaul program

Posted August 6, 2014 by

DRS Technologies, Inc., a Finmeccanica Company, announced Aug. 6 that it will provide logistics support to the U.S. Air Force’s Halvorsen 25K Aircraft Cargo Loaders around the globe. The Air Force awarded DRS Sustainment Systems, Inc. a ten-year IDIQ contract valued at more than $175 million for depot-level overhaul, program engineering support and parts management…

Full Story »

0
comments
Business

AeroVironment unveils modular gimbaled sensor payload on RQ-11B Raven UAS

Posted April 3, 2012 by

AeroVironment, Inc. unveiled a new miniature gimbaled sensor payload on the battle-proven RQ-11B Raven small unmanned aircraft system April 2 at the Army Aviation Association of America Annual Professional Forum and Exposition. The modular payload includes a high-resolution color and an infrared thermal video sensor, as well as a laser illuminator integrated into a multi-axis…

Full Story »

0
comments
Business

Boeing awards direct contract to Mubadala Aerospace’s Strata facility to for composite aerostructures

Posted April 17, 2012 by

Boeing and Mubadala Aerospace of Abu Dhabi April 17 announced a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace’s advanced composite aerostructures facility in Al Ain, to produce commercial composite aerostructures for the 777 and 787 Dreamliner. In addition, the companies announced a strategic agreement that positions Strata to be a future supplier of the…

Full Story »

0
comments
Business

Raytheon first quarter profit jumps, lifts 2012 outlook

Posted April 26, 2012 by

Raytheon posted a 17 percent jump in the first-quarter profit April 26 and the defense contractor boosted its full-year outlook with sales for missile, intelligence and information systems on the rise. The big jump in comparable net income was partially due to the charges that the company was saddled with during the same period last…

Full Story »

0
comments
Business

Hawker Beechcraft reaches agreement to reduce debt, strengthen company for future

Posted May 4, 2012 by

Hawker Beechcraft announced May 3 that it has reached an agreement with a significant number of its senior secured lenders and senior bondholders on the terms of a financial restructuring plan that will strengthen the company for the future and eliminate approximately $2.5 billion in debt and approximately $125 million of annual cash interest expense….

Full Story »

0
comments
Business

Lockheed Martin’s EAPS completes successful series of target tracking tests

Posted May 16, 2012 by

Lockheed Martin successfully conducted a series of target tracking tests against Rocket, Artillery and Mortar targets using its Extended Area Protection and Survivability miniature hit-to-kill interceptor system. The tests were conducted during the first week of April at White Sands Missile Range, N.M., in collaboration with the U.S. Army Research Development & Engineering Command/Aviation Missile…

Full Story »

0
comments
Business

Northrop Grumman supplying integrated bridge systems for new Swedish coast guard patrol boats

Posted May 29, 2012 by

Northrop Grumman’s Sperry Marine business unit is supplying advanced integrated bridge systems for the new class of patrol boats being built for the Swedish Coast Guard. The IBS for the new Swedish patrol boats is based on Northrop Grumman’s advanced VisionMaster FTâ„¢ technology, which integrates the vessels’ navigation and ship control functions in a secure…

Full Story »

0
comments
Business

General Dynamics board declares dividend, authorizes share repurchases

Posted June 11, 2012 by

The General Dynamics board June 6 declared a regular quarterly dividend of 51 cents per share on the company’s common stock, payable Aug. 10, 2012, to shareholders of record at the close of business July 6. The board also authorized management to repurchase 10 million shares of the company’s issued and outstanding common stock on…

Full Story »

Northrop Grumman photograph
0
comments
Business

U.S. Navy, Northrop Grumman complete X-47B flight testing at Edwards

Posted June 14, 2012 by

The first major phase of flight testing the X-47B Unmanned Combat Air System demonstrator aircraft came to a successful conclusion on May 15 when Northrop Grumman and the U.S. Navy wrapped up testing at...

Full Story »

GA-Gray-eagle
0
comments
Business

First full company of Gray Eagle UAS now deployed

Posted June 25, 2012 by

General Atomics Aeronautical Systems, Inc., a leading manufacturer of Unmanned Aircraft Systems, tactical reconnaissance radars, and electro-optic surveillance systems, announced June 25 the recent deployment...

Full Story »


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