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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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Lockheed Martin Procerus Technologies unveils new unmanned quad rotor vertical take-off, landing system

Posted August 6, 2012 by

Lockheed Martin Procerus Technologies' new small vertical take-off and landing unmanned aircraft system gives war...

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Boeing names new sales leader for Commercial Airplanes

Posted August 12, 2012 by

Boeing announced Aug. 10 that John Wojick has been named the new vice president of Sales for Commercial Airplanes. Wojick succeeds Ray Conner, who was named president and CEO of Boeing Commercial Airplanes in June. Wojick, a 32-year veteran of Commercial Airplanes who began his career as an aerospace engineer, moves to his new position…

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Aerojet’s LEO-7 second stage rocket motor completes successful hot-fire test

Posted August 24, 2012 by

Aerojet announced Aug. 23 that its Low Earth Orbit (LEO)-7 second stage rocket motor successfully completed a hot-fire test at the Air Force Research Laboratory at Edwards Air Force Base, Calif......

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AeroVironment receives $16.5 million of funding from U.S. Army for RQ-11B Raven

Posted September 6, 2012 by

AeroVironment, Inc. has received $16,472,298 in additional funding to perform on Aug. 10, 2012, from the United States Army under a contract action with a total projected value of $65,889,191. The company announced the initial $15.8 million funding of that contract action on June 1, 2012. The overall contract action includes RQ-11B Raven systems, new…

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23 Of 28 Super Hercules For Dyess AFB

Posted September 17, 2012 by

Lockheed Martin photograph by John Rossino Another C-130J Super Hercules was delivered to Dyess Air Force Base, Texas, from the Lockheed Martin facility in Marietta, Ga., Sept. 13. Flying the aircraft to Dyess was Brig. Gen. Lee K. Levy II, Director of Logistics, Headquarters Air Mobility Command, Scott Air Force Base, Ill.

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Army awards Lockheed Martin $111 million Apache M-TADS/PNVS performance based logistics contract

Posted September 25, 2012 by

Lockheed Martin has received a $111 million Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) Performance Based Logistics contract from the U.S. Army. The PBL contract is a firm-fixed price, comprehensive sustainment solution that enables mission readiness, reduces Operations and Support costs and drives reliability and maintainability improvements. The contract consists of a one-year…

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Honeywell’s latest Spectra Shield Ballistic Material toughens, lightens British combat vehicle

Posted October 9, 2012 by

Honeywell announced Oct. 8 that its second-generation Spectra ShieldÆ ballistic material is being used to armor Foxhound vehicles, manufactured by General Dynamics Land Systems Force Protection Europe, for the British Armed Forces. The vehicles are currently being shipped for use in Afghanistan. The Spectra Shield materials are more than 50 percent lighter than traditional vehicle…

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ATK awarded contract to deliver 30mm tactical, training ammo to the U.S. Air Force

Posted October 19, 2012 by

ATK announced Oct. 17 that the U.S. Air Force awarded the company a $32 million contract to produce 30mm tactical and training ammunition. The ammunition is used by the U.S. Air Force’s A-10 Thunderbolt cannon. “We are pleased that the Air Force has selected us to arm their A-10 crews,” said Bruce DeWitt, Vice President…

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Northrop Grumman third quarter net income falls 12 percent

Posted October 24, 2012 by

Defense contractor Northrop Grumman said Oct. 24 its third-quarter net income fell 12 percent, pulled down by a $66 million drop in net pension income, along with lower revenue. But the company’s profit beat Wall Street predictions and it boosted its full-year profit outlook. The Falls Church, Va.,-based company earned $459 million, or $1.82 per…

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