Andrea's Feed
Apr 29, 2015

U.S. Air Force plans to launch 1990s-built weather satellite

WASHINGTON (Reuters) – The U.S. Air Force on Wednesday said it plans to launch an aging weather satellite at an expected cost of hundreds of millions of dollars to prevent a gap in forecasting capability and provide another competitive launch opportunity for privately held Space Exploration Technologies Inc, or SpaceX.

General John Hyten, who heads Air Force Space Command, and Air Force Secretary Deborah James, said a decision had been made to launch the Defense Meteorological Satellite Program (DMSP) Flight 20 satellite, which was built in the 1990s.

Apr 29, 2015

Northrop first-quarter earnings fall, but 2015 outlook raised

By Andrea Shalal

(Reuters) – U.S. arms maker Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) on Wednesday said first quarter earnings were weakened by pension adjustments and tighter aerospace margins, but profits and sales topped Wall Street forecasts and the company raised its full year outlook.

Northrop, which makes unmanned planes and electronic equipment, posted a 16 percent drop in net earnings and a 2 percent increase in revenue, while operating margin from its business segments dipped to 12.3 percent from 12.9 percent.

Apr 29, 2015

Northrop 1st-qtr earnings fall, but 2015 outlook raised

April 29 (Reuters) – U.S. arms maker Northrop Grumman Corp
on Wednesday said first quarter earnings were weakened
by pension adjustments and tighter aerospace margins, but
profits and sales topped Wall Street forecasts and the company
raised its full year outlook.

Northrop, which makes unmanned planes and electronic
equipment, posted a 16 percent drop in net earnings and a 2
percent increase in revenue, while operating margin from its
business segments dipped to 12.3 percent from 12.9 percent.

Apr 29, 2015

General Dynamics beats Street with higher first-quarter profit, revenues

By Andrea Shalal

(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.

Apr 29, 2015

General Dynamics beats Street with higher 1st-qtr profit, revs

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
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.

Apr 28, 2015

U.S. Air Force eyes private insurance as part of rocket contracts

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.

Apr 27, 2015

U.S. House defense bill funds 12 Boeing fighters, 6 Lockheed F-35s

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.

Apr 27, 2015

U.S. watchdog finds quality violations in Pratt work on F-35 engine

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.

Apr 19, 2015

DigitalGlobe unveils new tools for troops, others to use imagery

, 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.

Apr 17, 2015

U.S. eyes new ways to prepare and win future war in space

By Andrea Shalal

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.