0
comments
Business

Northrop Grumman third quarter net income falls 12 percent

Posted October 24, 2012 by

Defense contractor Northrop Grumman said Oct. 24 its third-quarter net income fell 12 percent, pulled down by a $66 million drop in net pension income, along with lower revenue. But the company’s profit beat Wall Street predictions and it boosted its full-year profit outlook. The Falls Church, Va.,-based company earned $459 million, or $1.82 per…

Full Story »

0
comments
Business

Lockheed Martin third quarter profit up, boost guidance

Posted October 24, 2012 by

Lockheed Martin said Oct.2 4 its third-quarter net income rose 4 percent, as lower pension-related costs helped offset a drop in revenue. The results beat Wall Street predictions and the Bethesda, Md.,-based aerospace and defense contractor also raised its full-year profit and revenue predictions. Lockheed Martin earned $727 million, or $2.21 per share, in the…

Full Story »

0
comments
Business

General Dynamics third quarter profit falls on higher costs

Posted October 24, 2012 by

General Dynamics said Oct. 24 that its third-quarter net income fell 8 percent, as higher costs more than offset a modest revenue increase. The Falls Church, Va., aerospace and defense company earned $600 million, or $1.70 per share, down from $652 million, or $1.80 per share, in the same quarter last year. Revenue edged up…

Full Story »

Lockheed Martin photograph
0
comments
Business

Lockheed Martin foliage-penetrating reconnaissance radar integrated with system to detect slow moving objects

Posted October 24, 2012 by

Lockheed Martin photograph Based on the Lockheed Martin’s proven FOPEN radar system, TRACER is a lightweight, low-frequency synthetic-aperture radar that can peer through foliage, rain, darkness, dust storms, or atmospheric haze to provide real-time, high-quality tactical ground imagery. After multiple ground demonstrations in operational environments, a Lockheed Martin penetrating radar capability that can peer through…

Full Story »

0
comments
Business

Pension expense hurts Boeing third quarter net

Posted October 24, 2012 by Joshua Freed

Boeing said its net income this year will be bigger than it had expected as deliveries of commercial airplanes picks up. Higher pension expenses hurt Boeing’s third-quarter profit, but other measures for the big airplane maker and defense contractor were strong. Profits rose in both its commercial and defense units. And it reaffirmed plans to…

Full Story »

LM-F35
0
comments
Business

Edwards F-35A completes first AIM-120 AMRAAM internal weapons release

Posted October 24, 2012 by Matt Short

An F-35A test aircraft, flown by U.S. Air Force Maj. Matthew Phillips, completed the first aerial weapons release of an AIM-120 AMRAAM (Advanced Medium-Range Air-to-Air Missile) from a conventional takeoff and landing aircraft, Oct. 19. The aircraft, known as AF-1 and based at Edwards Air Force Base, Calif., jettisoned the instrumented AIM-120 over the China…

Full Story »

0
comments
Business

Lockheed Martin demonstrates JAGM dual-mode seeker in high-speed captive flight tests

Posted October 24, 2012 by

Lockheed Martin successfully tested its Joint Air-to-Ground Missile dual-mode seeker in high-speed captive flight tests, demonstrating its ability to track ground targets while flying at tactical speeds. The company-funded tests were conducted on a Sabreliner jet at Yuma Proving Ground, Ariz. The data collected from the tests validated the maximum ranges of the seeker’s millimeter…

Full Story »

0
comments
Business

Army test proves JLENS can target swarming boats

Posted October 24, 2012 by

Early results from a recent U.S. Army test proved the Raytheon produced JLENS can provide target-quality data on swarming boats to a variety of defense command networks in real time. “JLENS gives commanders more time and distance to counter dangers like swarming boats because it can detect threats from hundreds of miles away and upload…

Full Story »

0
comments
Business

Raytheon enhances Common Sensor Payload capabilities

Posted October 24, 2012 by

Raytheon has successfully demonstrated the enhanced capabilities of its new CSP HD turret, a high definition electro-optical and infrared version of its Common Sensor Payload. The initial CSP HD system flight test occurred on a U.S. Army Gray Eagle UAS (unmanned aircraft system) platform in September. Built upon the existing CSP system, CSP HD provides…

Full Story »

0
comments
Business

Northrop Grumman matures laser threat terminator technology to address emerging threats

Posted October 24, 2012 by

Northrop Grumman has matured the technology for enhancing the capabilities of its All Semiconductor Airborne Laser Threat Terminator product line, developed to defeat both current and emerging IR threats. The ASALTT(TM) is an advanced technology quantum cascade laser-based mid-infrared laser designed and developed to protect a wide variety of aircraft including fixed-wing and rotor aircraft,…

Full Story »


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