“NEW YORK — Raytheon Co. boosted sales last year for the first time since 2010 and forecast a second consecutive gain as the maker of Patriot missile-defense systems focuses on growth abroad.
Revenue in 2016 will be $24 billion to $24.5 billion, the company said Thursday in a statement as it reported fourth-quarter…Read More
Boeing Co. reported net earnings of $5.17 billion for 2015, a 5 percent decline from 2014 when the company reported $5.4 billion in profit.
Revenue grew 6 percent in 2015 to $96.1 billion on record commercial deliveries.
Read more: http://www.bizjournals.com/stlouis/news/2016/01/27/boeing-defense-space-security-revenue-flat-for.html
“Raytheon Co. reported fourth-quarter profit that beat analysts’ estimates, and the maker of Patriot missile-defense systems forecast a second straight annual sales increase.
Revenue this year will be $24 billion to $24.5 billion, the company said Thursday in a statement, more than the $23.95 billion average of 18 analysts’ estimates compiled by Bloomberg. Even the low end of the forecast…Read More
Several major orders for USA-produced aircraft and weapons systems are being impacted by dropping oil prices. An example is Norway’s purchase of F-35 aircraft. We found this article below:
F-35 Lightning: The Joint Strike Fighter Program
Cord Master Engineering has purchased a new Odyssey LX Lead Tinning System from RPS Automation. Check out our press release here.
Improved Lead Tinning Capabilities
The new system will increase Cord Master’s capacity while expanding the types of projects it can take on. “Our Odyssey LX was…Read More
A new Gro-Mor product featuring a Cord Master engineered custom power supply connector was unveiled at an industry trade show this past week. The Gro-Mor Paver Placer features a battery connector that was designed and prototyped on Cord Master’s 3D printer.
Cord Master’s Custom Power Supply Connector
“We designed…Read More
“Saudi Arabia’s purchase of 10 Sikorsky MH-60R Seahawk anti-submarine helicopters “dovetails nicely” with delivery of the last of 280 examples to the US Navy, according to the brand’s new parent Lockheed Martin, particularly as production of Australian and Danish “Romeos” concludes.”
“GKN Aerospace has confirmed the delivery of wing components to be used for the Breakthrough Laminar Aircraft Demonstrator in Europe (BLADE) project. The BLADE initiative is part of the Clean Sky Smart Fixed Wing Aircraft (SWFA) programme aimed at lowering fuel consumption and emissions by reducing aircraft drag. During flight tests on an A340 aircraft, scheduled for…Read More
“Raytheon (NYSE: RTN) will supply Griffin A and Griffin B Block II and III missiles and provide engineering support services to the U.S. Air Forceunder an $85.5 million contract. The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contract is a sole-source award and includes test and support equipment for the missiles. Raytheon will perform work in Arizona through…Read More
“The USMC seems to have given the seal of approval to the latest CH-53 after the first marine pilot to test the helicopter commended its abilities. Lt. Col. Jonathan Morel tested the CH-53K King Stallion which is set to become the largest and heaviest helicopter in the US…Read More