(Reuters) – U.S. weapons maker General Dynamics Corp (GD.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported higher-than-expected earnings and revenues for the first quarter, sending its shares up 4 percent.
General Dynamics, maker of Gulfstream business jets as well as ships, tanks and other military equipment, said net earnings rose 20 percent to $716 million, or $2.14 per share, from $595 million, or $1.71 per share, a year earlier. Revenues gained 7.1 percent to $7.78 billion from $7.26 billion.
April 29 (Reuters) – U.S. weapons maker General Dynamics
Corp on Wednesday reported higher-than-expected earnings
and revenues for the first quarter, sending its shares up 4
General Dynamics, maker of Gulfstream business jets as well
as ships, tanks and other military equipment, said net earnings
rose 20 percent to $716 million, or $2.14 per share, from $595
million, or $1.71 per share, a year earlier. Revenues gained 7.1
percent to $7.78 billion from $7.26 billion.
WASHINGTON, April 28 (Reuters) – The U.S. Air Force on
Tuesday said it may require private insurance as part of future
contracts to ensure the companies that launch military
satellites into orbit survive even if one of their rockets
explodes and causes a long halt in launches.
General John Hyten, who heads Air Force Space Command, told
reporters that he hoped to receive multiple responses to a draft
request for proposals issued on Friday for a new program meant
to end U.S. reliance on the Russian-built RD-180 rocket engine.
WASHINGTON (Reuters) – The U.S. House Armed Services Committee’s fiscal 2016 defense bill includes $1.15 billion in extra funding for 12 additional Boeing Co Super Hornet combat jets and $1 billion for six Lockheed Martin Corp F-35 B-model fighters.
The committee is expected to mark up the proposed legislation on Wednesday, followed by its introduction in the full House of Representatives the week of May 11.
WASHINGTON (Reuters) – The Pentagon’s internal watchdog on Monday said it found 61 violations of quality management rules and policies during an inspection of Pratt & Whitney’s work on the F-35 fighter jet engine and warned that the problems could lead to further cost increases and schedule delays on the biggest U.S. arms program.
More than half of the problems were deemed major and occurred at Pratt & Whitney, a unit of United Technologies Corp, versus Pentagon agencies that oversee the program, according to the report by the Defense Department’s inspector general’s office. A major incident is one that is likely to result in the failure of the quality management system.
, April 19 (Reuters) – DigitalGlobe
Inc this week unveiled new Web-based tools that could
help military troops, relief workers and others use its
high-resolution satellite images, social media feeds and other
data without needing massive bandwidth.
The tools, which are in beta-testing now, give users access
to complex data processing done in the cloud, including rapid
analysis about everything from helicopter and paratrooper
landing sites to social media usage in a specific area.
COLORADO SPRINGS, Colo. (Reuters) – The United States needs disruptive new technologies, new ways of acquiring equipment and bandwidth, and closer ties with global allies to stay ahead of growing challenges in space from China, Russia and others, the head of U.S. Air Force Space Command told Reuters.
General John Hyten said the United States had been bracing for threats to its satellite systems for years, but continued anti-satellite testing by potential foes had fueled a fresh sense of urgency in both industry and government about the need to prepare to win a possible war in space.
COLORADO SPRINGS, Colo. (Reuters) – The U.S. Air Force plans to ask satellite launch providers and engine makers next month or in early June to explain how they would partner up to develop a new launch vehicle powered by a U.S.-built engine, a top Air Force general said on Thursday.
General John Hyten, who heads Air Force Space Command, told Reuters the Air Force was finalizing its strategy for spending $220 million in funds set aside by Congress in the fiscal 2015 budget, and would issue a request for proposals soon.
COLORADO SPRINGS, Colo. (Reuters) – The U.S. Air Force is studying how to develop a common ground system to track, communicate with and control all the satellites it operates, a move that would save money and improve cybersecurity, the head of Air Force Space Command said on Thursday.
General John Hyten said in an interview that several options were under discussion that would free up money to focus on the sensors on different satellite systems that are used for communications, navigation, missile warning and other missions.
COLORADO SPRINGS, Colo. (Reuters) – Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) has long dominated the U.S. military space market, but it is fighting harder than ever to cut costs, become more innovative, and shed a reputation for arrogance, Mark Valerio, the head of its military satellite unit, said in an interview.
Lockheed, the Pentagon’s No. 1 supplier, interviewed 60 officials at the Pentagon, Air Force Space Command and the Air Force’s Space and Missiles Systems Center late last year as part of a broader drive to improve its relationships with the U.S. government, Valerio said.