Archive: Market Sectors

Northrop Grumman Posts Strong Third Quarter Earnings

By Calvin Biesecker Northrop Grumman [NOC] joined in the defense earnings hit parade yesterday, logging a hefty increase in net income helped by higher sales, improved margins, reduced corporate expenses and a one-time gain from the reorganization of a former joint venture. Net income increased 62 percent to $489 million, $1.41 earnings per share (EPS), […]

Lockheed Martin Gets $52 Million To Develop Marine Corps Convoy Trainer

The Marine Corps awarded Lockheed Martin [LMT] a $52 million contract to develop Combat Convoy Simulators (CCS), the next generation of convoy simulators that will provide training for a variety of vehicles, the company reported. "We have transformed our proven technology in an evolutionary way that meets the most urgent needs of the warfighter," Jim […]

Business Jets, Combat Vehicles Lift GD To Strong Third Quarter

By Calvin Biesecker General Dynamics [GD] yesterday posted strong third quarter financial results due to surging sales and earnings at its Aerospace and Combat Systems segments and the company upped its earnings guidance for 2007. GD’s shipbuilding business also continued its solid performance, boosting earnings and margins despite a scant increase in sales. The results […]

Singaporean Air Force Orders 12 Additional F-15SG Fighter Jets

The Singapore Ministry of Defence (MoD) on Monday placed an order for 12 additional F-15SG fighter aircraft from Boeing [BA], raising the total number of these multirole jets that it is procuring to 24. This order is a follow-on tasking to the original batch of 12 F-15SGs that Singapore ordered in December 2005 for the […]

Administration Sends $42.3 Billion Supplemental To Congress

By Jen DiMascio The president yesterday sent a $42.3 billion budget amendment to the war supplemental request to Capitol Hill. The budget amendment has been in the works since early September, and Defense Secretary Robert Gates discussed the potential request before the Senate Appropriations Committee in the middle of the month, but the request had […]

Discovery To Lift Off At 11:38 A.M. Tomorrow With Acceptable Risk

Space Shuttle Discovery will launch at 11:38 a.m. ET tomorrow from Pad 39A at Kennedy Space Center (KSC) in a flight that may not be completely safe, but will have what NASA terms acceptable risk. Some engineers recommended removal and replacement of three heat-shielding tiles on the leading edges of an orbiter vehicle wing, a […]

Rocketplane Kistler Ousted From COTS; New Competition Announced Today

Rocketplane Kistler lost its deal to develop rocket transportation to haul cargo to the International Space Station (ISS), and NASA will open new competition for companies wishing to share in the $174.7 million remaining seed money that the space agency offers to firms that can provide the service. NASA terminated its funding agreement with Rocketplane […]

America, Israel Cooperate To Develop Defense Against Short-Range Missiles

Barak, On U.S. Tour, Visits With U.S. Defense Chief Gates A new American-Israeli joint development program aims to produce a missile defense capability that would be effective against long-range threats, but more importantly against short-range enemy missiles. Secretary of Defense Robert Gates and Israeli Defense Minister Ehud Barak, in their meeting, agreed to cooperate further […]

China Will Attack U.S. Space Assets In Any War; Pentagon Must Field Defenses

China will drop its adherence to rules barring war in space, in any future conflict with the United States, and attack U.S. space assets, so American forces need to field space defense systems, a noted analyst reported. And Chinese leaders are taking actions signaling they may take on U.S. forces in active combat. “In event […]

Air Force: Series of Unacceptable Mistakes Led To Transfer of Nuclear Warheads

By Michael Sirak A series of unacceptable procedural breakdowns and human errors led to the unauthorized transfer of six nuclear weapons across the United States heartland during a flight of a B-52H bomber aircraft in late August, senior Air Force officials said Friday. "This was an unacceptable mistake and a clear deviation from our exacting […]