Andrea's Feed
Sep 28, 2015

Aerojet shares drop further 4 pct after U.S. contract loss to Orbital

WASHINGTON, Sept 28 (Reuters) – Shares in Aerojet Rocketdyne
Holdings Inc fell another 4 percent on Monday after a
spate of bad news for its space business, including the loss of
a key contract to its rival Orbital ATK.

The company’s shares closed $0.65, or 3.9 percent lower at
$16.05 on the New York Stock Exchange, a drop of about 33
percent from a high of $24.35 in July.

Sep 25, 2015

DigitalGlobe insists business base solid despite negative reports

WASHINGTON, Sept 25 (Reuters) – U.S. satellite imagery
provider DigitalGlobe Inc on Friday pushed back against
analyst reports that drove its shares to three-year lows, and
said a new U.S. government contract worth “tens of millions of
dollars” would keep its business base solid.

Walter Scott, founder and chief technical officer of the
Westminster, Colorado-based firm, told Reuters that reports by
Benchmark and JP Morgan overplayed the impact of new entrants
into the satellite market, and ignored the fact that the company
provided the highest-quality commercial imagery available.

Sep 25, 2015

Exclusive: Bombardier eyes final CSeries certification flight in November – sources

WASHINGTON/MONTREAL (Reuters) – Canada’s Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) expects to complete the final certification testing of its smaller new CSeries narrow-body commercial jet by the week of Nov. 23, a key milestone toward the plane being certified, four sources briefed on the plan said.

The Montreal-based manufacturer declined on Thursday to confirm the testing schedule, but said it still expects certification of the 110-seater CS100 by year’s end, followed by the jet’s entry into service in the first half of 2016.

Sep 24, 2015

Exclusive: Aerojet weighs higher offer for Lockheed-Boeing venture – sources

WASHINGTON (Reuters) – Aerojet Rocketdyne Holdings Inc (AJRD.N: Quote, Profile, Research, Stock Buzz) is considering raising its $2 billion offer for United Launch Alliance, a rocket launch venture of Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz), but faces big hurdles after a public rejection of the bid last week, according to multiple sources familiar with the matter.

Aerojet is meeting with outside advisers this week to explore its options, said the sources, who were not authorized to speak publicly about the discussions. One of the sources said the company could announce its next moves in coming weeks.

Sep 24, 2015

Bombardier eyes final CSeries certification flight in November -sources

WASHINGTON/MONTREAL Sept 24 (Reuters) – Canada’s Bombardier
Inc expects to complete the final certification
testing of its smaller new CSeries narrow-body commercial jet by
the week of Nov. 23, a key milestone toward the plane being
certified, four sources briefed on the plan said.

The Montreal-based manufacturer declined on Thursday to
confirm the testing schedule, but said it still expects
certification of the 110-seater CS100 by year’s end, followed by
the jet’s entry into service in the first half of 2016.

Sep 24, 2015

Lockheed says U.S. approves its $9 bln takeover of Sikorsky

WASHINGTON, Sept 24 (Reuters) – Lockheed Martin Corp
said on Thursday that U.S. officials have approved its $9
billion takeover of Black Hawk helicopter maker Sikorsky
Aircraft from United Technologies Corp.

In a filing with the U.S. Securities and Exchange
Commission, the company said authorities in Japan and South
Korea had also approved the deal, but it was waiting for other
regulatory approvals.

Sep 23, 2015

U.S. Navy’s F-35 test to include new helmet, full weapons load

FORT WORTH, Texas (Reuters) – The U.S. Navy’s next round of carrier testing of the Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) F-35C stealth fighter jet will include new helmets and jets fully loaded with internal weapons, a company official told Reuters.

During the tests, scheduled for the first two weeks of October, two F-35s will also test the Joint Precision Approach and Landing System (JPALS), an all-weather, GPS-guided landing system being designed by Raytheon Co (RTN.N: Quote, Profile, Research, Stock Buzz), Lockheed’s F-35 program manager, Lorraine Martin, said in an interview. She spoke after a ceremony for the rollout of the first of the 52 F-35s that Norway will buy.

Sep 22, 2015

Launch provider picks Orbital ATK rocket motors in Aerojet setback

FORT WORTH, Texas, Sept 22 (Reuters) – United Launch
Alliance, a joint venture of Lockheed Martin Corp and
Boeing Co, on Tuesday said it had selected Orbital ATK
as the sole provider of solid rocket motors for its Atlas
V and Vulcan launch vehicles from 2019.

The news spells a serious setback for rival engine maker
Aerojet Rocketdyne Holdings Inc, which currently
supplies solid rocket motors to ULA for the Atlas rocket.
Industry sources said the decision could force Aerojet to
re-evaluate the future of the large Sacramento facility where it
builds the motors, particularly if it loses out on other orders.

Sep 22, 2015

Pentagon, Lockheed eye agreement on next F-35 contracts this fall

FORT WORTH, Texas (Reuters) – The U.S. Defense Department on Tuesday said it hopes to reach agreement this fall with Lockheed Martin Corp on contracts for the next two batches of F-35 fighter jets in a deal that could be worth $15 billion.

“We’re still in negotiations,” Frank Kendall, defense undersecretary for acquisition, technology and logistics, told reporters after a ceremony marking the rollout of the first F-35 jet built for Norway. “I hope that they’ll conclude by this fall.”

Sep 22, 2015

Norway highlights F-35 commitment as Russia boosts military activity

FORT WORTH, Texas, Sept 21 (Reuters) – Top Norwegian
officials on Monday underscored their commitment to buying up to
52 Lockheed Martin Corp F-35 fighter jets in coming
years, saying the stealthy jet’s capabilities provided an
important counterweight to Russia’s military buildup and
increased military flights in the region.

Norwegian Defense Minister Ine Eriksen Soereide told Reuters
that Norway was concerned about what she called an “obvious
projection of power” by Russia in the Baltic Sea region, where
Russian military flights increased threefold from 2013 to 2014.