Archive: Business/Financial

Successful Tests For Lockheed Martin GMLRS In Jamming Environment

Lockheed Martin [LMT] says it recently successfully conducted two anti-jamming Guided Multiple Launch Rocket System (GMLRS) Unitary rocket Phase II Product Qualification Test flights at White Sands Missile Range, N.M. These GPS2 jamming tests demonstrated both GMLRS rocket performance while in a GPS jamming environment at long range, as well as how the warhead functioned […]

Northstar Aerospace To Complete Development of Innovative Transmission For Apache Block III

By Ann Roosevelt Northstar Aerospace Inc.’s subsidiary, Northstar Aerospace (Canada) Inc. yesterday announced it received a four year, potential $26 million contract from Boeing [BA] to complete the development and flight certification of an innovative transmission that will be used in the Army’s Block III AH-64D Apache Longbow helicopter modernization program. The contract provides for […]

L-3 Introduces Says Earnings Will Exceed Sales Growth Next Year

L-3 Communications [LLL] this week introduced its financial guidance for 2008, saying its net earnings will grow faster than the company’s organic sales. Earnings per share (EPS) in 2008 are expected to be between $6.41 and $6.55, representing about 10 percent growth over the company’s expectations for 2007. Organic sales are expected to grow by […]

Thales Delivery Orders Will Field Nearly 40,000 JTRS Handheld Radios

Thales announced Oct. 29 two awards for its AN/PRC-148 JTRS handheld radio from the Joint Program Executive Office Joint Tactical Radio System (JPEO JTRS) under the Consolidated, Interim, Single-channel, Handheld Radio (CISCHR) contract. The delivery orders will field almost 40,000 AN/PRC-148 JTRS Enhanced MBITRs (JEMs), as well as ancillaries, with an aggregate total contract value […]

Rapiscan To Market Brijot’s Stand-Off Millimeter Wave Body Scanner

Rapiscan Systems and Brijot Imaging Systems have signed a seven-year agreement that allows Rapiscan to market and sell Brijot’s passive millimeter wave screening body scanner that is capable of screening individuals from several meters away. Under the arrangement, Rapiscan will put its own label on Brijot’s BIS-WDS GEN 2 screener, calling it the Rapiscan WaveScan […]

Cross Match Drops Price of Planned IPO

By Calvin Biesecker Cross Match Technologies yesterday said it has lowered the expected price range of its forthcoming initial public offering (IPO), suggesting that net proceeds from the sale of stock could be about $23 million less than planned when the company refiled to go public last month. Under the amended filing with the Securities […]

iRobot Granted Injunction In Trade Secrets Lawsuit

iRobot Corp. (IRBT) yesterday announced the U.S. District Court for the District of Massachusetts has granted, in part, iRobot’s request for preliminary injunction in a lawsuit against former employee Jameel Ahed and his company, Robotic FX, Inc., prohibiting use of critical features incorporated in the design of the Negotiator. iRobot produces the combat-proven iRobotr PackBotr […]

General Dynamics UK Team Awarded Assessment Phase For MoD LISTENER Program

General Dynamics [GD] United Kingdom Limited has been awarded a 10-month, approximately $2 million contract for the Assessment Phase of the U.K. Ministry of Defence’s LISTENER program. LISTENER is a pioneering program with the goal of joining a number of U.K. intelligence, surveillance, target acquisition and reconnaissance (ISTAR) systems with coalition partners who can fuse […]

Aerospace Industry Sales May Top $200 Billion This Year, Douglass Says

Aerospace industry sales may top $200 billion this year, according to John Douglass, the outgoing Aerospace Industries Association president and CEO. That would be a roughly 9 percent advance from last year. Douglass announced last December in his annual industry review and forecast that total 2006 deliveries were estimated at $184 billion, up from a […]

Rapidly Changing Environment Needs Streamlined Contracting, Raytheon Exec Says

By Ann Roosevelt The United States should keep an eye on acquisition developments around the world, but streamlining the process at home would help in a rapidly changing environment, according to a Raytheon [RTN] executive. "I don’t think we need to reinvent contract vehicles," Smith said. "We have plenty of contract vehicles–maybe we have too […]