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Boeing awards direct contract to Mubadala Aerospace’s Strata facility to for composite aerostructures

Posted April 17, 2012 by

Boeing and Mubadala Aerospace of Abu Dhabi April 17 announced a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace’s advanced composite aerostructures facility in Al Ain, to produce commercial composite aerostructures for the 777 and 787 Dreamliner. In addition, the companies announced a strategic agreement that positions Strata to be a future supplier of the…

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Raytheon awarded more than $2 billion for an International Patriot system

Posted April 17, 2015 by

Raytheon announced April 17 it has been awarded a contract worth over $2.0 billion to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer. The contract, awarded April 2, 2015, and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the…

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Raytheon first quarter profit jumps, lifts 2012 outlook

Posted April 26, 2012 by

Raytheon posted a 17 percent jump in the first-quarter profit April 26 and the defense contractor boosted its full-year outlook with sales for missile, intelligence and information systems on the rise. The big jump in comparable net income was partially due to the charges that the company was saddled with during the same period last…

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Most advanced GPS satellite comes together

Posted May 4, 2015 by

Using a 10-ton crane, Lockheed Martin engineers and technicians gently lowered the system module of the U.S. Air Force’s first next generation GPS III satellite into place over its propulsion core, successfully integrating the two into one space vehicle.

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Hawker Beechcraft reaches agreement to reduce debt, strengthen company for future

Posted May 4, 2012 by

Hawker Beechcraft announced May 3 that it has reached an agreement with a significant number of its senior secured lenders and senior bondholders on the terms of a financial restructuring plan that will strengthen the company for the future and eliminate approximately $2.5 billion in debt and approximately $125 million of annual cash interest expense….

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Boeing delivers Transaero’s first Next-Generation 737-800

Posted May 22, 2015 by

Boeing May 22 delivered Transaero’s first Next-Generation 737-800. The airplane, sporting a new livery, arrived at Moscow’s Domodedovo Airport. Boeing May 22 delivered Transaero’s first Next-Generation 737-800. The airplane, sporting a new livery, arrived at Moscow’s Domodedovo Airport. Transaero’s newest 737 has a recognizable radome “bump” on top of the fuselage just behind the wings….

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Lockheed Martin’s EAPS completes successful series of target tracking tests

Posted May 16, 2012 by

Lockheed Martin successfully conducted a series of target tracking tests against Rocket, Artillery and Mortar targets using its Extended Area Protection and Survivability miniature hit-to-kill interceptor system. The tests were conducted during the first week of April at White Sands Missile Range, N.M., in collaboration with the U.S. Army Research Development & Engineering Command/Aviation Missile…

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Northrop Grumman supplying integrated bridge systems for new Swedish coast guard patrol boats

Posted May 29, 2012 by

Northrop Grumman’s Sperry Marine business unit is supplying advanced integrated bridge systems for the new class of patrol boats being built for the Swedish Coast Guard. The IBS for the new Swedish patrol boats is based on Northrop Grumman’s advanced VisionMaster FTâ„¢ technology, which integrates the vessels’ navigation and ship control functions in a secure…

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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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U.S. Navy, Northrop Grumman complete X-47B flight testing at Edwards

Posted June 14, 2012 by

The first major phase of flight testing the X-47B Unmanned Combat Air System demonstrator aircraft came to a successful conclusion on May 15 when Northrop Grumman and the U.S. Navy wrapped up testing at...

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