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Passenger jets push Boeing’s profit up 18 percent

Posted October 24, 2014 by Scott Mayerowitz

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year. On a per-share basis, the Chicago-based company said it had a profit of $1.86. Adjusted for non-operating costs, earnings came to $2.14 per share, better than…

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Elbit subsidiary to provide logistics support to U.S. Air Force’s F-16 head-up displays

Posted November 12, 2014 by

Elbit Systems Ltd. announced Nov. 11 that its wholly-owned U.S. subsidiary, Elbit Systems of America, LLC, was awarded a five-year, firm-fixed price contract valued at approximately $29 million by the U.S. Air Force for logistics support of the F-16 head-up display electric module assemblies. The contract will be performed by Elbit Systems of America’s subsidiary…

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Boeing, Ryanair finalize order for 100 737 MAX 200s

Posted December 1, 2014 by

Boeing and Ryanair have finalized an order for 100 737 MAX 200s, valued at $11 billion at current list prices.

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Raytheon, Bell conduct first missile launch from V-22

Posted December 17, 2014 by

Raytheon and Bell Helicopter have completed two successful launches of the Griffin B missile from a Bell Boeing V-22 Osprey multi-mission aircraft at Yuma Proving Ground, Ariz. As an industry funded effort with Bell’s Xworx, Raytheon demonstrated the simplicity of integrating the Griffin B missile onto the V-22 platform. “This is the first time a…

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Northrop Grumman appoints VP of Global Supply Chain

Posted January 5, 2015 by

Northrop Grumman has announced the appointment of Kevin Mitchell as vice president of global supply chain in its Aerospace Systems sector, effective immediately, replacing Lisa Kohl, who has announced her retirement from the company.

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DRS Technologies to upgrade electronic warfare E/A-18 mission for U.S., Australia

Posted January 23, 2015 by

DRS Technologies Inc., a Finmeccanica Company,†announced Jan. 22 that it has been awarded access to an indefinite-delivery/indefinite-quantity contract for the production and delivery of up to 180 Joint Tactical Terminal-Receivers for U.S. Navy and Australian EA-18G aircraft. The contract is valued up to $12 million and will include JTT-R production engineering, test set racks, fixtures…

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Northrop Grumman to develop new atom-based magnetic sensor

Posted March 27, 2012 by

WOODLAND HILLS, Calif. – Northrop Grumman has been selected by the Office of Naval Research to develop a new cost-effective atom-based magnetic sensor, or magnetometer, for antisubmarine warfare operations. The highly sensitive magnetometer will be part of a magnetic anomaly detection system mounted on helicopters, unmanned aerial vehicles or submarines. Whether in the air above…

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Business Briefs April 17, 2012

Posted April 17, 2012 by

HEICO acquires Aerospace Electronics product line HEICO reported April 16 that its Radiant Power Corp. subsidiary acquired the aerospace assets of Moritz Aerospace, Inc. in an all cash transaction. Radiant is part of HEICO’s Electronic Technologies Group. HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the…

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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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Pratt & Whitney PurePower PW1200G engine takes to skies

Posted May 2, 2012 by anradmin

The Pratt & Whitney PurePower PW1200G engine successfully completed its first flight April 30, launching the engine family’s flight test program. The PW1217G engine for the Mitsubishi Regional Jet aircraft flew on a specially designed stub wing aboard Pratt & Whitney’s Boeing 747SP flying test bed at the company’s Mirabel Aerospace Centre, in Mirabel, Quebec,…

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