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…

Lockheed Martin said Oct.2 4 its third-quarter net income rose 4 percent, as lower pension-related costs helped offset a drop in revenue. The results beat Wall Street predictions and the Bethesda, Md.,-based aerospace and defense contractor also raised its full-year profit and revenue predictions. Lockheed Martin earned $727 million, or $2.21 per share, in the…

General Dynamics said Oct. 24 that its third-quarter net income fell 8 percent, as higher costs more than offset a modest revenue increase. The Falls Church, Va., aerospace and defense company earned $600 million, or $1.70 per share, down from $652 million, or $1.80 per share, in the same quarter last year. Revenue edged up…

Boeing said its net income this year will be bigger than it had expected as deliveries of commercial airplanes picks up. Higher pension expenses hurt Boeing’s third-quarter profit, but other measures for the big airplane maker and defense contractor were strong. Profits rose in both its commercial and defense units. And it reaffirmed plans to…

Lockheed Martin successfully tested its Joint Air-to-Ground Missile dual-mode seeker in high-speed captive flight tests, demonstrating its ability to track ground targets while flying at tactical speeds. The company-funded tests were conducted on a Sabreliner jet at Yuma Proving Ground, Ariz. The data collected from the tests validated the maximum ranges of the seeker’s millimeter…

Early results from a recent U.S. Army test proved the Raytheon produced JLENS can provide target-quality data on swarming boats to a variety of defense command networks in real time. “JLENS gives commanders more time and distance to counter dangers like swarming boats because it can detect threats from hundreds of miles away and upload…

Raytheon has successfully demonstrated the enhanced capabilities of its new CSP HD turret, a high definition electro-optical and infrared version of its Common Sensor Payload. The initial CSP HD system flight test occurred on a U.S. Army Gray Eagle UAS (unmanned aircraft system) platform in September. Built upon the existing CSP system, CSP HD provides…

Northrop Grumman has matured the technology for enhancing the capabilities of its All Semiconductor Airborne Laser Threat Terminator product line, developed to defeat both current and emerging IR threats. The ASALTT(TM) is an advanced technology quantum cascade laser-based mid-infrared laser designed and developed to protect a wide variety of aircraft including fixed-wing and rotor aircraft,…