Business/Financial
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Business/FinancialFAA Report Sees Boom In Tiny Commercial Space Ventures: Huge Opportunities Seen For Private Firms Developing Vehicles To Haul Astronauts, Cargo, Food And Much More
Are Private Space Transport Firms Today Where Microsoft Was When It Sold Stock In 1985? Broader, Established Space Transport Industry Sees Revenues, Profits Soar More Than 40 Percent Over Two […]
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Air ForceCongress Short-Changes Defense; Huge Funding Increases Needed To Support Existing, Future Programs Including Procurement Of Major Weapons Platforms: AIA Report
The federal government needs to step up to the challenge and fully fund myriad defense programs, specifically including procurement of ships, tanks, planes, missiles and more, the Aerospace Industries Association […]
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Business/Financial
Launches
Lockheed Satellite Launched Into Orbit By Ariane-5 For Vietnam The Vinasat-1 communications satellite was launched into orbit by an Ariane 5-ECA rocket provided by Arianespace, with the satellite poised to […]
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Business/Financial
Contracts
Northrop To Vie For GOES-R Contract Northrop Grumman Corp. [NOC] will compete for the Geostationary Environmental Operational Satellite — Series R GOES-R contract. Northrop submitted a proposal to NASA to […]
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Business/Financial
Navy’s New Approach To Acquisition Includes Examining Workforce Structure
By Geoff Fein As the Navy begins to incorporate a new approach to buying everything from ships to information technology, it is also looking over its acquisition workforce, determining what […]
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Air Force
Modernization Continues At ATK Lake City Ammunition Plant
By Ann Roosevelt ATK [ATK] continues modernizing the Lake City Army Ammunition Plant in Independence, Mo., even as the plant produces about 1.4 billion cartridges a year as the primary […]
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Business/Financial
UTC Reports Solid First Quarter Financial Results
By Calvin Biesecker United Technologies Corp. [UTX] yesterday posted solid first quarter financial results and affirmed its forecast for higher sales and earnings this year despite weakness in some areas […]
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Business/Financial
Business Jet Demand, Defense Profits Drive Boost Textron
Textron [TXT] yesterday reported strong sales and earnings growth, driven by demand for business jets, defense equipment and the company’s acquisition of AAI Corp. Net income increased 18 percent to […]
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Business/Financial
AIA Seeks Focus On Defense Modernization Issues
By Ann Roosevelt The Aerospace Industry Association (AIA)’s newest report finds a defense budget squeeze coming that will affect the next administration and wants presidential candidates to address the specifics […]
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Business/Financial
Big Hit On LHD-8 Programs Raises Execution, Management Questions
By Calvin Biesecker and Geoff Fein Northrop Grumman‘s [NOC] early morning surprise yesterday that it would take $320 million to $360 million charge on the LHD-8 amphibious assault ship it […]