Business/Financial
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Business/FinancialDefense Boosts Boeing’s Earnings; Guidance Unchanged Pending Revamped 787 Schedule
By Calvin Biesecker Boeing [BA] yesterday reported strong second quarter earnings on relatively flat sales driven by a big jump in operating profits at its defense business and solid gains […]
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Air ForceLockheed Martin To Acquire Supplier of Optical Surveillance Systems
By Calvin Biesecker Lockheed Martin [LMT] yesterday said it has agreed to acquire Florida-based Gyrocam Systems LLC, a developer and supplier of gyrostablized optical surveillance systems mainly for use on […]
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Business/Financial
Pension Costs Hit Lockheed Martin’s Earnings But Still Top Expectations
By Calvin Biesecker Lockheed Martin [LMT] yesterday reported a mixed bag of second quarter financial results, with earnings falling as expected due to higher pension expenses despite an increase in […]
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Business/Financial
HAC-D Recommends $400 Million in R&D Funding For Five Presidential Helos
By Geoff Fein The House Appropriations Committee defense (HAC-D) subcommittee recommended including $400 million in research and development funding in the fiscal year 2010 defense appropriations bill for five VH-71 […]
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Business/Financial
Elbit Systems To Acquire BVR Systems For $34 Million
Israel’s Elbit Systems Ltd. [ESLT] yesterday said it has agreed to acquire another Israeli firm, BVR Systems [BVRSF], a developer of military training, simulation and debriefing systems, for $34 million […]
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ArmyBoeing And SAIC To Reduce Workforce After Army FCS Program Restructure
By Ann Roosevelt Boeing [BA] began issuing advance layoff notices Friday to employees involved in the Army’s Future Combat System (FCS), one of the repercussions from the restructure of part […]
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Business/Financial
MDA Works With Northrop Grumman On KEI Equipment Reuse
By Ann Roosevelt The Missile Defense Agency (MDA) may have terminated the Kinetic Energy Interceptor (KEI) program, but the agency continues to work with developer Northrop Grumman [NOC] to get […]
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Business/Financial
Boeing To Build Four Telecommunication Satellites For Intelsat
By Ann Roosevelt Boeing [BA] yesterday announced the first order for its 702B satellites as Intelsat Ltd., selected the company to build four telecommunication satellites to refresh and add new […]
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Business/Financial
Congress Raises Fresh Concerns on EMALS, Pledges Close Scrutiny
By Marina Malenic Members of a key congressional subcommittee yesterday expressed concerns about a new aircraft-carrier catapult system and how difficulties in its development might adversely affect the cost and […]
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Business/Financial
Lockheed Martin Sheds 600 Employees Due To VH-71 Termination
By Geoff Fein Lockheed Martin [LMT] yesterday began notifying hundreds of employees that their services will no longer be needed following the White House’s decision to terminate the VH-71 presidential […]