Archive: Business/Financial

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 […]

Raytheon Awarded $55 Million To Upgrade Navy Super Hornets With AESA Radar

By Geoff Fein The Navy last month awarded Raytheon [RTN] a contract worth nearly $55 million to retrofit 135 Boeing [BA] F/A-18 Super Hornets with APG-79 Active Electronically Scanned Array (AESA) radar. The first deliveries for 19 aircraft will begin in about 18 months, Dave Goold, director of business development F/A-18 programs, told Defense Daily […]

Northrop Grumman Turns In Strong Operating Results To Close 2007

By Calvin Biesecker Northrop Grumman [NOC] yesterday reported strong profit gains in each of its business sectors due to higher sales and improved performance although net income was flat due to a substantial gain recorded a year ago on the sale of stock in TRW Automotive [TRW]. All four of the company’s segments posted double-digit […]

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

By Calvin Biesecker Lockheed Martin [LMT] yesterday 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 […]

Boeing, Lockheed Martin To Join Forces In Bid To Make Next Generation Bomber

By Jen DiMascio The nation’s two largest defense contractors–Boeing [BA] and Lockheed Martin [LMT]–are expected to announce today that they will join forces in an effort to make the Air Force’s next generation of bomber aircraft, according to informed sources. Senior Air Force officials have said the service can field a new bomber by 2018–although […]

Pratt Reports Successful Tests On Engine For Future U.S. Ares Rocket

The J-2X rocket engine for the next-generation U.S. spacecraft rocket aced tests, according to Pratt & Whitney Rocketdyne, a United Technologies [UTX] unit. That engine will power the Ares launch vehicles that will lift the Orion crew exploration vehicle into orbit to reach the International Space Station, and later to the moon. As well, NASA […]

BAE To Acquire Tenix To Expand Defense Business In Australia

Britain’s BAE Systems said last recently it has agreed to acquire the defense businesses of Australia’s Tenix Group for up to $695.8 million in cash in a deal that would more than double the company’s presence in Australia. BAE said the acquisition is a significant step in its strategy to be the premier global defense […]

GD Reports Strong Fourth Quarter Driven By Combat Systems And Business Jets

By Calvin Biesecker General Dynamics [GD] topped a strong year with record quarterly income, sales and free cash flow, driven by exceptional results in both its military vehicle and business jet segments, the company reported yesterday. The strength in Combat Systems was widespread, including domestic and international military vehicle programs, ammunition, ordnance and advanced technology […]

BAE Awarded $31 Million For USS

The Navy earlier this month awarded BAE Systems a $31 million contract for the maintenance, repair and modernization of the guided missile cruiser USS Bunker Hill (CG-52), the first to undergo the service’s cruiser modification effort, the company said. "This award complements the important cruiser modernization work we continue to accomplish for the Atlantic Fleet […]