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BE Aerospace second quarter profit rises, forecast disappoints

Posted July 24, 2012 by

BE Aerospace Inc. said July 24 that second-quarter profit rose 30 percent on stronger demand for new aircraft, but the maker of cabin interiors for airliners predicted lower-than-expected full-year earnings. The company said that excluding special items it will earn about $2.75 per share on revenue of $3 billion this year. Analysts were expecting $2.81…

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‘Tough’ second quarter expected for United Technologies

Posted July 24, 2012 by by Stephen Singer

United Technologies Corp. will release its second-quarter earnings results before the markets open July 26.   WHAT TO LOOK FOR: The conglomerate, based in Hartford, Conn., makes jet engines, elevators, heating and cooling equipment for homes and businesses and other aerospace and building systems. It’s in the process of selling several businesses to help finance…

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Rockwell Collins third quarter profit rises 5.1 percent

Posted July 24, 2012 by

Rockwell Collins’ third-quarter net income rose 5 percent, but fell just short of Wall Street expectations after one of its big customers sought bankruptcy protection. For the quarter ended June 30, the aviation and communications company earned $166 million, or $1.14 per share, up from $158 million, or $1.01 per share, in the same quarter…

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Lockheed Martin second quarter profit up, boosts 2012 outlook

Posted July 24, 2012 by

Lockheed Martin posted a 5 percent increase in second-quarter net income thanks in part to strong commercial satellite deliveries. The Bethesda, Md., aerospace and defense contractor also raised its full-year profit guidance citing the better-than-expected quarterly results. For the quarter ended June 24, Lockheed Martin earned $781 million, or $2.38 per share, up from $742…

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Boeing-built legacy UHF payload successfully operating on MUOS-1 satellite

Posted July 24, 2012 by

EL SEGUNDO, Calif. – Boeing July 24 said that its legacy communications payload onboard the Lockheed Martin-built Mobile User Objective System (MUOS-1) satellite has passed all on-orbit tests. MUOS-1 was launched Feb. 24 from Cape Canaveral Air Force Station, Fla., on an Atlas V launch vehicle. It is the first of five satellites being built…

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United Technologies to sell Rocketdyne unit to GenCorp Inc.

Posted July 23, 2012 by

United Technologies Corp. announced July 23 it has reached agreement to sell its Rocketdyne unit, currently part of Pratt & Whitney, to GenCorp Inc. for $550 million. The transaction is expected to close in the first half of 2013. As previously announced, proceeds from the sale will be used to repay a portion of the…

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Boeing F-15E radar modernization program begins second LRIP phase

Posted July 23, 2012 by

Boeing said July 23 the U.S. Air Force has granted the F-15E Radar Modernization Program approval to begin Low Rate Initial Production 2 of 10 APG-82(V)1 Active Electronically Scanned Array radar systems. “This is a great step forward for the Radar Modernization Program,” said Roger Besancenez, Boeing F-15 Program vice president. “With the F-15E RMP,…

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First new AC-130J gunship in production

Posted July 23, 2012 by Lockheed Martin photograph

The first MC-130J Commando II that will be converted to become an AC-130J Gunship is being built at the Lockheed Martin C-130 production facility in Marietta, Ga.

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Northrop Grumman announces new leadership appointments

Posted July 23, 2012 by

Northrop Grumman announced July 23 retirement plans for two of its sector presidents and the election of several executives into key leadership positions.

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Boeing delivers second production P-8A Poseidon aircraft to U.S. Navy

Posted July 23, 2012 by

Boeing on July 17 delivered the second production P-8A Poseidon aircraft to the U.S. Navy.

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