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U.S. Navy awards Raytheon $338 million for Tomahawk

Posted June 11, 2012 by

TUCSON, Ariz. – The U.S. Navy awarded Raytheon a $338 million contract for the Tomahawk Block IV tactical cruise missile. The contract, which was announced by the Department of Defense June 7, includes replenishment of weapons used during Operation Odyssey Dawn and procurement for the government’s fiscal year 2012. “Tomahawk Block IV is important for…

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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…

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Lockheed Martin conducts successful EAPS controlled flight test

Posted June 7, 2012 by

Lockheed Martin’s Extended Area Protection and Survivability Integrated Demonstration program successfully conducted a Controlled Test Vehicle flight test on May 26 at White Sands Missile Range, N.M.

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Boeing accepts delivery of first Harpoon launch structure from Danish Aerotech

Posted June 7, 2012 by

The Boeing has accepted delivery of the first Aluminum Launch Support Structure produced by Danish Aerotech A/S for ship-based deployment of the Harpoon weapon system. The Karup, Denmark,-based supplier received the contract, valued at nearly US$1.5 million, two years ago. “Danish Aerotech is proud to deliver its first Harpoon launch support structure on cost and…

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Lockheed Martin reaches strategic supply chain agreement

Posted June 7, 2012 by

Lockheed Martin has signed a new strategic enterprise agreement with Arrow Electronics covering procurement of more than 22,000 electronic components used in advanced technology systems such as missiles, satellites, radar systems, tactical fighter aircraft and unmanned surveillance systems. It represents Lockheed Martin’s largest agreement with any single supplier for these commodities, and concentrates procurement of…

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Northrop Grumman to acquire Australian cybersecurity company M5 Network Security

Posted June 7, 2012 by

Northrop Grumman has signed a definitive agreement to acquire privately held M5 Network Security Pty Ltd, a Canberra, Australia,-based provider of cybersecurity and secure mobile communications products and services, and advanced analytics to Australian military and intelligence organizations. The acquisition is subject to Australian government review. Terms of the transaction, which is expected to close…

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Nation’s third Littoral Combat Ship delivered two months early

Posted June 6, 2012 by

The Lockheed Martin-led industry team delivered the nation’s third Littoral Combat Ship, Fort Worth, to the U.S. Navy two months ahead of schedule.

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Boeing, Raytheon, Harris to pursue GPS control segment sustainment contract

Posted June 5, 2012 by

Boeing is leading a U.S. industry team that includes Raytheon and Harris Corporation to pursue future development and sustainment work on the Air Force GPS Control Segment Sustainment contract. The control segment is the ground hardware and software that controls the space vehicles and their payloads. The GCSS contract will extend the current GPS Operational…

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Northrop Grumman awards $10,000 engineering scholarships to two Los Angeles-area high school students

Posted June 5, 2012 by

Northrop Grumman has announced the winners of its fifth annual Engineering Scholars program for graduating high school seniors in the greater Woodland Hills community planning...

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Boeing reduces environmental footprint at time of rapid business growth

Posted June 5, 2012 by

Since establishing aggressive environmental goals for internal operations four years ago, Boeing has steadily reduced its environmental footprint while rapidly expanding its business and significantly increasing monthly airplane production rates, the company reported in its fifth annual Environment Report. In 2007, Boeing established aggressive internal five-year environmental goals to reduce greenhouse gas emissions, energy use,…

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