0
comments
Business

Military fuel tanker delays pull down Boeing’s second quarter earnings

Posted July 24, 2015 by Scott Mayerowitz

Aerospace giant Boeing saw its earnings plunge by a third in the second quarter because of repeated delays with a military fuel tanker. The Chicago-based company July 22 posted a $1.11 billion net profit, down from $1.65 billion during the same period last year. The bulk of that drop is attributed to a $536 million…

Full Story »

0
comments
Business

United Technologies posts lower second quarter revenue, profit

Posted July 24, 2015 by Stephen Singer

United Technologies Corp. posted second-quarter declines July 21 in revenue and profit as a strong dollar cut exports. It also reduced its 2015 outlook on Otis elevator sales in Europe and China’s slowing economy. Its stock dropped almost 8 percent in late morning trading Tuesday. “Look, to say that I’m disappointed would be a significant…

Full Story »

LM-U2a
0
comments
Business

Lockheed Martin completes sixth open mission systems flight

Posted July 22, 2015 by

Lockheed Martin successfully integrated and flight tested seven Open Mission Systems payloads in a span of less than three months into a U-2 Dragon Lady, marking the corporation’s sixth demonstration flight in support of the U.S. Air Force’s OMS vision.

Full Story »

0
comments
Business

AEHF low cost terminal completes information assurance CDR

Posted July 22, 2015 by

REDONDO BEACH, Calif.–A Northrop Grumman, Lockheed Martin and TeleCommunication Systems team has completed the Critical Design Review for the information assurance elements of the Low Cost Terminal. Completion of the CDR clears the way for the team to build hardware and software for the information assurance element or end cryptographic unit. LCT is an initiative…

Full Story »

0
comments
Business

News Briefs July 20, 2015

Posted July 20, 2015 by timchisham

800 troops from U.S., Europe take part in Moldova exercises Some 800 troops from Moldova, the U.S., Romania, Poland and Georgia are taking part in joint military exercises in Moldova, a former Soviet republic that borders Ukraine. The Joint Effort 2015 exercises began July 19 and will run until July 25 at a military base…

Full Story »

hughes-video
0
comments
Business

Hughes demonstrates hi-def video over satellite from rotary wing aircraft

Posted July 20, 2015 by

Hughes Network Systems announced July 20 that its Defense and Intelligence Systems Division successfully demonstrated the transmission of real-time, high definition video through helicopter blades with no signal disruption using its unique beyond-line-of-sight technology. Conducted on July 6-8, the testing of the Hughes end-to-end SATCOM solution for airborne platforms was performed on a NorthStar Aviation…

Full Story »

0
comments
Business

Northrop Grumman demonstrates open mission systems architecture across manned, unmanned systems

Posted July 20, 2015 by

PALMDALE, Calif. — Northrop Grumman demonstrated in recent test flights that the U.S. Air Force’s Open Mission Systems architecture standards can be successfully integrated across multiple systems and platforms. These flights have paved the way for new capabilities to be integrated rapidly and affordably across advanced manned and unmanned aircraft. In June, at Edwards Air…

Full Story »

0
comments
Business

General Dynamics awarded contracts Hydra-70 rocket program

Posted July 20, 2015 by

General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics, was recently awarded two contract modifications by the U.S. Army Contracting Command in Redstone Arsenal, Ala., for production of the 2.75″/70mm Hydra-70 air-to-ground rocket system for U.S. military services and Foreign Military Sales customers. Both options exercised are part of a supplies contract…

Full Story »

0
comments
Business

Airbus CEO talks about emissions, innovation, more

Posted July 20, 2015 by David Koenig

These are heady times for the commercial-aircraft business at Airbus and Boeing, as airlines place huge orders for new planes. Each is working on more fuel-efficient aircraft to satisfy airlines that want lower fuel bills and regulators who want lower emissions from aircraft. Airbus Group CEO Tom Enders spoke last month to an aviation conference…

Full Story »

0
comments
Business

Boeing to recognize charge for KC-46 tanker program

Posted July 20, 2015 by

Boeing Company announced July 17 it will recognize a charge on the KC-46 aerial refueling tanker program when it announces second-quarter 2015 results on July 22. The after-tax charge of $536 million ($0.77 per share) reflects higher estimated engineering and manufacturing costs to complete development, certification and initial production of the tanker aircraft, while holding…

Full Story »


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