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Boeing first quarter earnings, revenue rise on aircraft sales

Posted April 25, 2012 by

Boeing says its first-quarter earnings jumped 58 percent on higher revenue from sales of commercial airplanes, helping it overcome slow growth in its defense business. The company raised its 2012 profit forecast. Boeing said April 25 that it earned $923 million, or $1.22 per share, compared with $586 million, or 78 cents per share, a…

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Sierra Nevada completes wind tunnel testing of Dream Chaser

Posted April 25, 2012 by

Sierra Nevada Corporation Space Systems has successfully completed wind tunnel testing of a scale model of the Dream Chaser(R) orbital crew vehicle in the Oran W. Nicks Low Speed Wind Tunnel at Texas A&M University in College Station, Texas. Aerodynamic data generated from this testing, coupled with data from computer simulations, will define the characteristics…

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Boeing delivers first Lufthansa 747-8 Intercontinental

Posted April 25, 2012 by

Boeing has delivered the first 747-8 Intercontinental passenger airliner to Deutsche Lufthansa AG, beginning a new era for the world’s most recognized airplane, and beginning a new era of increased efficiency, stronger environmental performance and greater enjoyment for Lufthansa and its passengers. “Lufthansa and Boeing have a long and proud history of working together to…

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Northrop Grumman first quarter profit falls 4.5 percent

Posted April 25, 2012 by

Northrop Grumman said April 25 its first-quarter profit fell 4.5 percent, as drops in U.S. defense spending reduced sales at its major businesses. The Falls Church, Va.,-based defense contractor earned $506 million, or $1.96 per share, down from $530 million, or $1.79 per share, in the same quarter last year. The year-ago period was boosted…

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General Dynamics first quarter net income lags

Posted April 25, 2012 by

Defense contractor General Dynamics said April 25 its first-quarter net income fell 9 percent, below analysts’ expectations. Earnings were hurt by cuts in government contracts and an accounting charge in its European combat systems operations. General Dynamics, which makes jets, tanks and other military vehicles, said its aerospace revenue was strong ó up 20 percent…

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Northrop Grumman missile defense system receives DOD recognition

Posted April 24, 2012 by

The Department of Defense and the Association for Enterprise Information have selected Northrop Grumman as the industry winner of the DoD Enterprise Architecture Achievement Award. The Integrated Air and Missile Defense Battle Command System, developed by Northrop Grumman under the direction of the U.S. Army IAMD Project Office, Program Executive Office for Missiles and Space…

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F-35A completes first in-flight refueling mission with external weapons

Posted April 24, 2012 by Lockheed Martin photograph by Tom Reynolds

April 21, a Lockheed Martin F-35A Lightning II conventional takeoff and landing aircraft completed the program’s first in-flight refueling mission while configured with external weapons at Edwards Air Force Base, Calif. U.S. Air Force…

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Lockheed Martin receives $79 million contract for development of new GMLRS variant

Posted April 24, 2012 by

Lockheed Martin has received a $79.4 million contract from the U.S. Department of Defense to develop a new variant of the Guided Multiple Launch Rocket System that incorporates a new warhead. Under the terms of the contract, the GMLRS Alternative Warhead Engineering and Manufacturing Development Program will run 36 months, and will focus on system…

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Northrop Grumman, ATK complete first flight hardware for Webb telescope backplane

Posted April 24, 2012 by

REDONDO BEACH, Calif. – Northrop Grumman and its teammate ATK have completed the construction of the center section of the primary mirror backplane support structure for NASA’s James Webb Space…

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Boeing delivers P-8A training devices to NAS Jacksonville, Fla.

Posted April 24, 2012 by

Boeing delivered a second set of P-8A Poseidon training devices to the U.S. Navy March 29 at Naval Air Station Jacksonville, Fla. The devices consist of an Operational Flight Trainer, a Weapons Tactics Trainer and four Electronic Classrooms. “The P-8A Weapons Tactics Trainer is a new innovation for Boeing,” said Mark McGraw, Boeing vice president…

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