Archive: Business/Financial

Raytheon Continuing Investment In JSOW-ER Effort

By Geoff Fein Raytheon [RTN] has entered into a licensing agreement with Netherlands-based Stork-Fokker to explore ways in which the two companies can combine efforts on the extended range variant of the Joint Stand Off Weapon (JSOW), according to a Raytheon official. "One of the exciting things we are doing, as a global company, we […]

Commercial Planes, Higher Margins Drive Solid Fourth Quarter At Boeing

By Calvin Biesecker Boeing [BA] yesterday posted a modest increase in fourth quarter net earnings despite flat sales driven by higher sales and earnings of commercial planes. The increase in commercial aircraft sales, which was driven by higher aircraft deliveries, was offset by a decline in defense sales due to fewer military aircraft deliveries, the […]

Space, Information and Mission Systems Boost Lockheed Martin’s Earnings

Lockheed Martin [LMT] recently reported strong fourth quarter net income driven by some of its space, and information and services businesses despite no sales growth. Still, the earnings trounced Wall Street’s expectations. Net income increased 10 percent to $799 million, $1.89 earnings per share (EPS), compared to $729 million ($1.68 EPS), beating consensus estimates by […]

General Dynamics To Supply Spain With Helicopter Missiles

General Dynamics [GD] European Land Systems last week said its General Dynamics Santa Barbara Sistemas operations in Spain has signed a $64 million contract with the Spanish army for the supply of Air Land (ER) Spike Missile Systems for the HAD Tiger helicopters. The contract calls for the manufacture of 200 missiles and 44 launchers […]

Lockheed Martin Gets $35 Million Contract For Brazilian Submarine Mod Effort

Lockheed Martin [LMT] was awarded a foreign military sale contract for $35 million to deliver advanced, open-architecture combat systems to modernize four Tupi-class submarines, one Tikuna-class submarine and one shore-based trainer system for the Brazilian navy, the company reported yesterday. According to a source, the contract was competitively awarded. However, it is unknown what other […]

Boeing To Provide Egypt With Apache Longbow Crew Trainer

Boeing [BA] last week said it was awarded a $20 million contract to provide an AH-64D Apache Longbow Crew Trainer (LCT) and life-cycle support to the Egyptian air force. "We are committed to guaranteeing the readiness and safety of our customers," Tony Jones, Boeing vice president, Training Systems and Services, said. "The LCT is extremely […]

Boeing Leads India’s First Public-Private Aerospace Research Consortium

Boeing [BA] yesterday said it has entered into an agreement with the Indian Institute of Science (IISc) and two leading Indian information technology companies to develop wireless and other network technologies for aerospace-related applications. The agreement, signed by representatives from Boeing [BA] (http://www.boeing.com), IISc’s Society for Innovation and Development (http://www.iisc.ernet.in), Wipro Technologies (http://www.wipro.com) a division […]

CBO Sees Huge Reduction In Deficits Beginning In Three Years

Budget Deficits Projected To Swing To Surpluses Vast Improvement In Federal Finances In Next Decade Could Be Enough To Permit Giant Funding Gains For NASA, Missile Defense, Other Federal Programs The annual federal government budget deficit will plunge by an effective $328 billion from the fiscal year ending Sept. 30, 2010 to fiscal 2012, the […]

Sea Launch To Seek NASA Space-Missions Contracts

Sea Launch Co. LLC, until now providing launch services for non-governmental or dual-use customers, will seek contracts from NASA to provide cargo re-supply missions to the International Space Station, according to Rob Peckham, Sea Launch president and general manager. NASA faces a half-decade gap, from the end of space shuttle missions in 2010 until the […]

Defense Watch

The Latest Word On Trends And Developments In Aerospace And Defense Try, Try Again. Senate Majority Leader Harry Reid (D-Nev.) said last week that Republicans thwarted the Democrats’ efforts last year to limit troop deployments abroad. But he vowed to try again to pass legislation championed by Sen. Jim Webb (D-Va.) to ensure that soldiers […]