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Raytheon fourth quarter net income falls 14 percent on flat sales

Posted January 25, 2013 by

Raytheon said Jan. 24 that its fourth-quarter net income fell 14 percent, hurt by lackluster sales, but it issued a better-than-expected profit prediction for the full year. The Waltham, Mass.,-based defense contractor earned $469 million, or $1.42 per share, down from $543 million, or $1.57 per share, in the same quarter a year ago. Excluding…

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

Posted February 5, 2013 by

Boeing delivered the sixth production P-8A Poseidon aircraft to the U.S. Navy Jan. 31, successfully completing the first group of low-rate initial production aircraft that are dramatically improving the service's maritime patrol capabilities.

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Union splits decision on Boeing strike authorization

Posted February 20, 2013 by Stuart Ibberson

Federal mediators have been called to schedule new talks between Boeing and the Society of Professional Engineering Employees in Aerospace. The call for mediation comes as union members split their votes with the Professional Unit accepting Boeing’s latest offer, while the Technical Unit rejected the company’s offer and authorized strike action. While engineers and technical…

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General Dynamics awarded $224 million by U.S. Army for Hydra-70 rocket program

Posted February 27, 2013 by

General Dynamics Armament and Technical Products recently was awarded two contracts by the U.S. Army including $210.4 million for the production of Hydra-70 air-to-ground rockets and $13.5 million for engineering services in support of the Hydra-70 rocket program. General Dynamics Armament and Technical Products is a business unit of General Dynamics. The Army Contracting Command…

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Boeing says strong demand pushing commercial production rates higher

Posted March 11, 2013 by

Boeing said March 11 that strong demand for its commercial airplanes and a healthy backlog are behind the company’s decision to keep increasing production rates. “The data tells us the market is strong and will continue to be strong. That’s why we’re confident as we raise our production rates,” said Randy Tinseth, vice president of…

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Lockheed Martin names executive VP Aeronautics, F-35 general manager

Posted March 20, 2013 by

Lockheed Martin’s board of directors has approved the appointment of Orlando Carvalho, 54, to executive vice president of the Aeronautics business area, and Lorraine Martin, 50, as vice president and general manager of the F-35 Lightning II program. The board also elected Martin a corporate officer. Both appointments are effective immediately and follow the retirement…

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Boeing to feature innovative maritime capabilities at Navy League Expo

Posted April 3, 2013 by

At this year’s Navy League Sea-Air-Space Exposition, Boeing will showcase an array of proven maritime capabilities and innovative technologies, including advances in intelligence, surveillance and reconnaissance, that help U.S. maritime services accomplish their missions. The exposition is April 8-10 at the Gaylord National Resort and Convention Center in National Harbor, Md. Boeing’s exhibit at Booth…

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Sikorsky teams with Brazilian Air Force academics to teach rotorcraft technology

Posted April 10, 2013 by

Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., announced April 9 that it has signed a Letter of Interest with the Brazilian Instituto Tecnologico de Aeronautica to establish a Rotorcraft Innovation Team. Rated as one of the top universities in Brazil in engineering and related fields, ITA is a federal government institution dedicated to…

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United Technologies first quarter net income, revenue rise

Posted April 24, 2013 by Stephen Singer

The biggest aerospace deal ever is paying off for United Technologies Corp. The Hartford, Conn., aerospace and building systems conglomerate said April 23 that its purchase of aerospace parts maker Goodrich Corp. boosted first-quarter revenue even as sales flagged in Europe, which is struggling with a weak economy. The $18.4 billion deal was announced in…

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Boeing rolls out 787 Dreamliner at increased production rate

Posted May 10, 2013 by

Boeing has rolled out of the factory the first 787 Dreamliner to be built at the increased production rate of seven airplanes per month. The airplane, which rolled out earlier this week, is the 114th 787 to be built overall and the 100th 787 to be built at the Everett, Wash., factory.   Boeing’s 787…

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