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Raytheon to upgrade Army’s Advanced Field Artillery Tactical Data System

Posted July 25, 2012 by

Raytheon has received an $81 million contract from the U.S. Army to develop and produce a new version of the Advanced Field Artillery Tactical Data System. It will provide general and fires command and control capabilities to ground forces, from mission planning to execution. The contract extends over a 24-month period, with an $18 million,…

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Boeing, Aeromexico announce commitment for 100 airplanes

Posted July 25, 2012 by

Boeing announced July 25 a commitment by Aeromexico to purchase up to 100 single- and twin-aisle airplanes - a combination of 737 MAXs and 787 Dreamliners - in an agreement that will fuel the airline's expansion.

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Northrop Grumman second quarter results top analysts’ forecast

Posted July 25, 2012 by

Defense contractor Northrop Grumman’s net income fell 8 percent in the second quarter as sales softened in most of its business segments, but its adjusted results beat Wall Street’s estimates. The Falls Church, Va., company also raised its full-year earnings forecast July 25. Northrop Grumman made $480 million, or $1.88 per share, compared with $520…

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Boeing awards P-8 supplier contracts to two Australian companies

Posted July 24, 2012 by

Boeing has awarded contracts totaling nearly $1.85 million to Australian companies Lovitt Technologies Australia and Ferra Engineering to manufacture parts and assemblies for the P-8A Poseidon maritime reconnaissance aircraft. “Boeing continues to capture opportunities for value and growth through partnering with Australian suppliers,” said Ian Thomas, president of Boeing Australia & South Pacific. “Over the…

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BE Aerospace second quarter profit rises, forecast disappoints

Posted July 24, 2012 by

BE Aerospace Inc. said July 24 that second-quarter profit rose 30 percent on stronger demand for new aircraft, but the maker of cabin interiors for airliners predicted lower-than-expected full-year earnings. The company said that excluding special items it will earn about $2.75 per share on revenue of $3 billion this year. Analysts were expecting $2.81…

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‘Tough’ second quarter expected for United Technologies

Posted July 24, 2012 by by Stephen Singer

United Technologies Corp. will release its second-quarter earnings results before the markets open July 26.   WHAT TO LOOK FOR: The conglomerate, based in Hartford, Conn., makes jet engines, elevators, heating and cooling equipment for homes and businesses and other aerospace and building systems. It’s in the process of selling several businesses to help finance…

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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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