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Rockwell Collins third quarter profit rises 5.1 percent

Posted July 24, 2012 by

Rockwell Collins’ third-quarter net income rose 5 percent, but fell just short of Wall Street expectations after one of its big customers sought bankruptcy protection. For the quarter ended June 30, the aviation and communications company earned $166 million, or $1.14 per share, up from $158 million, or $1.01 per share, in the same quarter…

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Lockheed Martin second quarter profit up, boosts 2012 outlook

Posted July 24, 2012 by

Lockheed Martin posted a 5 percent increase in second-quarter net income thanks in part to strong commercial satellite deliveries. The Bethesda, Md., aerospace and defense contractor also raised its full-year profit guidance citing the better-than-expected quarterly results. For the quarter ended June 24, Lockheed Martin earned $781 million, or $2.38 per share, up from $742…

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Boeing-built legacy UHF payload successfully operating on MUOS-1 satellite

Posted July 24, 2012 by

EL SEGUNDO, Calif. – Boeing July 24 said that its legacy communications payload onboard the Lockheed Martin-built Mobile User Objective System (MUOS-1) satellite has passed all on-orbit tests. MUOS-1 was launched Feb. 24 from Cape Canaveral Air Force Station, Fla., on an Atlas V launch vehicle. It is the first of five satellites being built…

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United Technologies to sell Rocketdyne unit to GenCorp Inc.

Posted July 23, 2012 by

United Technologies Corp. announced July 23 it has reached agreement to sell its Rocketdyne unit, currently part of Pratt & Whitney, to GenCorp Inc. for $550 million. The transaction is expected to close in the first half of 2013. As previously announced, proceeds from the sale will be used to repay a portion of the…

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Boeing F-15E radar modernization program begins second LRIP phase

Posted July 23, 2012 by

Boeing said July 23 the U.S. Air Force has granted the F-15E Radar Modernization Program approval to begin Low Rate Initial Production 2 of 10 APG-82(V)1 Active Electronically Scanned Array radar systems. “This is a great step forward for the Radar Modernization Program,” said Roger Besancenez, Boeing F-15 Program vice president. “With the F-15E RMP,…

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First new AC-130J gunship in production

Posted July 23, 2012 by Lockheed Martin photograph

The first MC-130J Commando II that will be converted to become an AC-130J Gunship is being built at the Lockheed Martin C-130 production facility in Marietta, Ga.

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Northrop Grumman announces new leadership appointments

Posted July 23, 2012 by

Northrop Grumman announced July 23 retirement plans for two of its sector presidents and the election of several executives into key leadership positions.

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Boeing delivers second production P-8A Poseidon aircraft to U.S. Navy

Posted July 23, 2012 by

Boeing on July 17 delivered the second production P-8A Poseidon aircraft to the U.S. Navy.

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Lockheed Martin delivers another Super Galaxy

Posted July 23, 2012 by Lockheed Martin photograph by Damien Guarnieri

Lockheed Martin delivered the fifth production C-5M Super Galaxy to the Air Force, July 20, 2012, at Robins Air Force Base, Ga.

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Boeing names new business leader for Turkey

Posted July 23, 2012 by

Boeing announced July 23 that Bernie Dunn will succeed Boeing Turkey president Greg Pepin, who will retire from the company in October. Dunn will be responsible for coordinating all Boeing business activities in Turkey and report to Shep Hill, president, Boeing International and senior vice president, Business Development and Strategy. “Bernie has an accomplished background…

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