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Raytheon slips as profit outlook falls short of estimates

Posted February 2, 2015 by

Shares of Raytheon fell Jan. 29 after the defense contractor’s 2015 profit forecast came in short of Wall Street estimates. The maker of the Tomahawk cruise missile and other weapons and communication systems said it expects to earn between $6.20 and $6.35 per share from continuing operations, and it forecast $22.3 billion to $22.8 billion…

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Navy’s Trident II D5 missile marks 155 successful test flights

Posted February 23, 2015 by

The U.S. Navy conducted successful test flights Feb. 22 of two Trident II D5 Fleet Ballistic Missiles built by Lockheed Martin. This brings the D5 missile’s record to 155 successful test flights since design completion in 1989, a 25-year-plus reliability record unmatched by any other large ballistic missile. These latest test flights demonstrate the reliability…

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Boeing, Airbus, Embraer to collaborate on aviation biofuel commercialization

Posted March 23, 2012 by

Boeing, Airbus and Embraer signed a memorandum of understanding March 22 to work together on the development of drop-in, affordable aviation biofuels. The three leading airframe manufacturers agreed to seek collaborative opportunities to speak in unity to government, biofuel producers and other key stakeholders to support, promote and accelerate the availability of sustainable new jet…

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Northrop Grumman to provide mission computers for Navy H-1 helicopter upgrades

Posted April 3, 2012 by

WOODLAND HILLS, Calif. – In a first for the H-1 Upgrade program, the U.S. Naval Air Systems Command has signed a direct contract with Northrop Grumman to provide mission computers for UH-1Y and AH-1Z helicopters. Under the $8.9…

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360-Degree MEADS radar begins integration testing

Posted April 19, 2012 by

In preparation for an intercept flight test later this year, the first Medium Extended Air Defense System Multifunction Fire Control Radar has begun system-level testing at Pratica di Mare Air Force Base near Rome, Italy. The advanced 360-degree rotating X-band MFCR recently completed initial performance…

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Army awards Lockheed Martin $391 million for counterfire radar production

Posted April 30, 2012 by

The U.S. Army awarded Lockheed Martin $391 million in production orders for a new radar system that provides soldiers with enhanced 360-degree protection from rocket, mortar and artillery fire. The orders represent the execution of two contract options for a total of 33 AN/TPQ-53 (Q-53) counterfire target acquisition radars – formerly designated EQ-36 during their…

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Lockheed Martin completes delivery of 17 CC-130J Super Hercules aircraft to Canada

Posted May 8, 2012 by

The Royal Canadian Air Force formally accepted the 17th Lockheed Martin CC-130J Super Hercules in ceremonies in Marietta, Ga., May 8, completing the order placed in December 2007. The aircraft will be flown to Canadian Forces Base Trenton later this week. The original contract called for all 17 aircraft to be delivered by the end…

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Boeing delivers Royal Air Force’s 8th C-17 Globemaster III

Posted May 18, 2012 by

LONG BEACH, Calif. – Boeing delivered the United Kingdom’s eighth C-17 Globemaster III to the Royal Air Force May 18 during a ceremony at the company’s final assembly facility in Long Beach. “I’m honored and delighted to deliver the Royal Air Force’s newest C-17 to join the fleet at Number 99 Squadron, where our seven…

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U.S. Air Force awards Lockheed Martin GPS III flight operations contract

Posted June 1, 2012 by

The U.S. Air Force has awarded Lockheed Martin a $68 million contract to provide mission readiness, launch, early orbit checkout and on-orbit operations engineering support for the first two GPS III space vehicles. The first and second GPS III satellites are on schedule for launch availability in 2014 and 2015, respectively. The GPS III program…

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XCOR announces general sales agent for space tourism flights

Posted June 11, 2012 by

MOJAVE, Calif. – With the Tom Sachs space-themed art exhibit, “Space Program: Mars” as a backdrop, XCOR Aerospace named Space Expedition Corporation as the new General Sales Agent for the XCOR owned Lynx Suborbital vehicle flying from the Mojave Air and Spaceport, Calif. SXC was previously announced as the first wet lease customer for a…

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