0
comments
Business

U.S. Army, Raytheon complete AI3 live-fire demonstration

Posted October 23, 2013 by

The U.S. Army and Raytheon have completed the live-fire demonstration phase of the new Accelerated Improved Intercept Initiative program. Testing took place Sept. 16-30 at Yuma Proving Ground, Ariz. During the tests, the AI3 system destroyed 22 of 24 threats. The demonstration included a “for the record” assessment of AI3 against 107mm rocket targets at…

Full Story »

0
comments
Business

ATK completes acquisition of Bushnell Group Holdings

Posted November 4, 2013 by

ATK announced that Nov. 1 it completed the acquisition of Bushnell Group Holdings, Inc. ñ a leading global designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. The Bushnell portfolio includes high-quality, innovative and affordable products targeted to the outdoor and sport enthusiast. “ATK is committed to expanding our product offerings,…

Full Story »

0
comments
Business

Airbus parent reports higher third quarter profit

Posted November 15, 2013 by Greg Keller

Airbus parent company EADS said strong demand for its commercial aircraft helped its third-quarter profits increase by a hefty 45 percent. But the European jet maker warned Nov. 13 that its free cash flow, a measure of cash generated by a business, would be negative 1.5 billion euros ($2 billion) this year because of its…

Full Story »

LM-C5
0
comments
Business

Baker’s dozen!

Posted November 22, 2013 by Thinh Nguyen

Lockheed Martin delivered its 13th C-5M Super Galaxy to the U.S. Air Force from its facilities in Marietta, Ga., Nov. 21. Maj. Gen. Kenneth D. Merchant, director, Global Reach Programs, Office of the Assistant Secretary of the Air Force for Acquisition, Headquarters U.S. Air Force, Washington, D.C., officially delivered aircraft tail number 85-0004 to the…

Full Story »

0
comments
Business

Forecast International sees Pentagon bracing for major acquisition decisions

Posted December 16, 2013 by

The Pentagon is fighting an uphill battle against a fractured Congress eager to rein in deficits, though lawmakers thus far appear either unwilling or unable to do so in a sound and practical manner, according to a recent analysis by Forecast International. “The discord on Capitol Hill threatens to undermine the Pentagon’s acquisition plans through…

Full Story »

LM-C5
0
comments
Business

Sweet Sixteen

Posted December 28, 2013 by Damien Guarnieri

Lockheed Martin delivered its 16th C-5M Super Galaxy to the U.S. Air Force from its facilities in Marietta, Ga., Dec. 23. U.S. Air Force aircrews ferried aircraft tail number 87-0036 to Dover Air Force Base, Del. It is the fourth C-5M delivery in 32 days and the sixth for 2013. The C-5M Super Galaxy has…

Full Story »

0
comments
Business

Sea Giraffe radar now AN/SPS-77(V)1 in U.S.

Posted January 15, 2014 by

Saab Defense and Security USA announced Jan. 15 that Saab’s Sea Giraffe AMB Radar recently received its official designation from the U.S. Navy. The Sea Giraffe AMB Radar system’s official U.S. Navy nomenclature is now the AN/SPS-77 (V)1.  Partnering with General Dynamics, Bath Iron Works and Austal, SDAS is responsible for integrating the AN/SPS-77 radar…

Full Story »

0
comments
Business

Boeing outlook sinks stock despite solid fourth quarter profit

Posted January 31, 2014 by Joshua Freed

Boeing is building airplanes faster, but Wall Street wants it to build profits faster, too. Boeing shares dropped more than 5 percent Jan. 29 after it said this year’s profit and revenue would grow less than analysts had been expecting. There are a number of reasons. Boeing’s defense business is slowing down as governments dial…

Full Story »

0
comments
Business

Boeing, Cargolux Airlines finalize order for additional 747-8 freighter

Posted February 14, 2014 by

Boeing and Cargolux Airlines announced Feb. 14 an order for an additional 747-8 Freighter. The order, valued at $357.5 million at list prices, is the 14th 747-8 Freighter the Luxembourg-based cargo carrier has ordered from Boeing. “The Cargolux Board of Directors approved the order of our 14th 747-8 Freighter almost 35 years to the day…

Full Story »

0
comments
Business

Raytheon, U.S. Navy test Tomahawk Block IV’s latest communications upgrades

Posted February 28, 2014 by

Raytheon and the U.S. Navy have successfully tested communications advancements to the Tomahawk Block IV cruise missile. During a Feb. 19 flight test, a Raytheon-built Tomahawk Block IV missile, launched from the USS Sterett, flew a preprogrammed route while receiving updates from a simulated maritime operations center and from advanced off-board sensors updating the missile’s…

Full Story »


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