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Boeing rolls out first 787 Dreamliner built in South Carolina

Posted April 30, 2012 by

The first Boeing 787 Dreamliner to be assembled in South Carolina rolled out of final assembly April 27 to great fanfare from the crowd of nearly 7,000 Boeing employees and invited guests. The festival-like atmosphere, featuring aerial displays, music and entertainment, was a fitting celebration to commemorate assembly completion of the first 787 built at…

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Goodrich first quarter profit falls, plane parts sales rise

Posted April 30, 2012 by

Goodrich Corp., which supplies components for aircraft makers, said April 26 that first-quarter profit fell 4 percent on higher taxes and costs for its sale to United Technologies Corp. Sales of original equipment for large commercial aircraft rose 27 percent, which the company credited to increased airplane production by Boeing and Airbus. It said a…

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Lockheed Martin delivers last AMP C-5 to Air Force

Posted April 30, 2012 by

Lockheed Martin completed delivery of the 79th and final C-5 Galaxy aircraft of the current Avionics Modernization Program at a ceremony at Travis Air Force Base, Calif., on April 27. “We are very proud of our AMP team,” said Greg Ulmer, vice president of the C-5 program, “This delivery continues the ever-growing legacy of the…

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QinetiQ North America names senior VP, program manager of Engineering Services Contract

Posted April 30, 2012 by

QinetiQ North America has named Mark J. Nappi as senior vice president and program manager of the Engineering Services Contract at NASA’s Kennedy Space Center. In this role, Nappi will oversee the day-to-day activities of the contract and ensure all tasks are executed efficiently and effectively. Before joining QNA, Nappi spent 17 years with United…

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ATK receives $266 million in small caliber ammunition orders

Posted April 30, 2012 by

ATK has received orders totaling more than $266 million for small caliber ammunition under an Indefinite Delivery/Indefinite Quantity contract with the U.S. Army Contracting Command, Rock Island. This order includes a mix of 5.56mm, 7.62mm and .50-caliber military ammunition to be produced at the Lake City Army Ammunition Plant in Independence, Mo. ATK has operated…

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General Dynamics to convert of M2 crew-served machine guns

Posted April 30, 2012 by

General Dynamics Armament and Technical Products, a business unit of General Dynamics, has been awarded a $6.9 million contract by the U.S. Army TACOM Life Cycle Management Command to convert more than 3,500 M2 heavy barrel machine guns to the M2A1 configuration. The M2A1 offers the proven performance of the existing M2HB heavy barrel machine…

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Marine Corps places order for AeroVironment Raven small UAS

Posted April 30, 2012 by

AeroVironment, Inc. received a firm fixed-price order valued at $3,653,519 March 15, 2012, from the U.S. Marine Corps through an existing U.S. Army contract. The order includes RQ-11B Raven® small unmanned aircraft systems and initial spares packages. The systems and spares were scheduled for delivery before April 17, 2012. The RQ-11B Raven unmanned aircraft system…

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Lockheed Martin CEO Stevens plans to step down

Posted April 26, 2012 by

Lockheed Martin said April 26 that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year. The announcement came as the aerospace and defense contractor reports its first-quarter earnings climbed 26 percent on a 6 percent…

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Northrop Grumman to upgrade Fire Scout unmanned helicopter for U.S. Navy

Posted April 26, 2012 by

The U.S. Navy has selected Northrop Grumman to produce the next-generation Fire Scout unmanned helicopter using the Bell 407 airframe. The new variant provides greater range, endurance and payload capacity to ship commander’s intelligence-gathering efforts. According to a U.S. Department of Defense news release on contract awards released April 23, the company will produce a…

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L-3 Communications first quarter beats street; shares surge

Posted April 26, 2012 by

L-3 Communications Holdings Inc.’s net income edged lower in the first quarter as governments spent less on its services. It was still good enough to beat Wall Street expectations, however, and the defense contractor boosted its full-year earnings guidance as well, sending shares up 6 percent April 26. L-3′s net income for the three months…

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