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Aerospace-Defense News

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Misleading F-35 Answers Drafted by Pentagon, Testing Chief Says

Thu, 08 Dec 2016 10:06:07 GMT

Pentagon officials have been preparing a misleading assessment of progress on Lockheed Martin Corp.'s F-35, the costliest U.S. weapons program, the Defense Department's chief tester warned. "If not changed, the existing responses would at best be considered misleading and at worst, prevarications," Michael Gilmore, director of operational test and evaluation, wrote in an internal memo criticizing the draft response to questions about F-35 testing from Senate Armed Services Committee Chairman John McCain.

Airain ltd Has $3,135,000 Position in L-3 Communications Holdings Inc.

Thu, 08 Dec 2016 05:48:28 GMT

Airain ltd decreased its stake in shares of L-3 Communications Holdings Inc. by 40.9% during the third quarter, Holdings Channel reports. The fund owned 20,802 shares of the company's stock after selling 14,391 shares during the period.

Boeing Co. (BA) Shares Sold by Granite Investment Advisors Inc.

Thu, 08 Dec 2016 01:37:48 GMT

Granite Investment Advisors Inc. lowered its position in Boeing Co. by 29.1% during the third quarter, Holdings Channel reports.

Jury begins deliberation in trial of Henrico teen charged with robbery, abduction, sodomy

Wed, 07 Dec 2016 21:16:26 GMT

Prosecutors closed their case Wednesday against a Henrico teen charged with abduction, sodomy, and multiple counts of robbery and use of a firearm with GPS tracking data that places the defendant at the alleged crime scene, which is directly across the street from the home where he lived with his mother. Jahlil K. Willis, 17, of the 3700 block of Denison Road in Henrico, is charged with two counts of robbery and conspiracy to commit robbery, four counts of use of a firearm in the commission of a felony, abduction with intent to defile, sodomy and a misdemeanor charge of possession of a firearm by a minor.

Two juveniles face aggravated arson charges in connection with Gatlinburg wildfires

Wed, 07 Dec 2016 21:16:25 GMT

This Dec. 1, 2016, satellite image using near-infrared provided by DigitalGlobe shows damage from the wildfire near Ripley's Aquarium of the Smokies in Gatlinburg, Tenn.

B/E Aerospace Inc. (BEAV) Raised to Buy at Zacks Investment Research

Wed, 07 Dec 2016 19:01:36 GMT

Zacks Investment Research currently has $67.00 price objective on the stock. According to Zacks, "B/E Aerospace, Inc. operates as a manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets and distributor of aerospace fasteners and consumables.

Northrop Grumman Corp. (NOC) PT Raised to $265.00 at Deutsche Bank AG

Wed, 07 Dec 2016 14:28:42 GMT

The firm presently has a "buy" rating on the stock. Deutsche Bank AG's price target points to a potential upside of 6.92% from the stock's previous close.

NowNS: CarteNav attracts Lockheed dollars, begins GE partnership

Wed, 07 Dec 2016 10:23:11 GMT

The UK National Police Air Service uses Cartenav software in their police helicopters, the software integrates the Cameras, searchlight and Rf trackerall of this data is overlaid on the moving map screen. Lockheed Martin Aeronautics has invested $1.9 million in Halifax aerospace and defense software firm CarteNav Solutions Inc., a move president Paul Evans says will increase the company's headcount from five to more than 40. The investment will be used to fund new technology compatible with airborne surveillance radars used by government aircraft for security and safety missions.

President Obama Once Expressed Concern About Marine One Costs

Wed, 07 Dec 2016 06:09:31 GMT

Back in 2009, President Obama expressed concerns about cost overruns for a new set of presidential helicopters. At the time, the Pentagon's contract with Lockheed Martin Corp. to develop a new fleet of helicopters, which are dubbed Marine One when the president is aboard and also shuttle other government officials, had reached an estimated $11.2 billion - nearly twice the original $6.1 billion estimate.

Is Boeing's Defense Business Becoming a Growth Driver Again?

Wed, 07 Dec 2016 04:10:04 GMT

Despite some high-profile contract losses, Boeing's defense business may be able to generate modest growth over the next several years. make it through the Great Recession in one piece, despite a drop in commercial airplane demand.

Carrier union leader says Trump's big deal is a lie

Tue, 06 Dec 2016 23:51:30 GMT

The Secret Service agents told the Carrier workers to stay put, so Chuck Jones sat in the factory conference room for nearly three hours, waiting for president-elect Donald Trump . He'd grown used to this suspense.

Bombardier Inc (BDRBF) Given Consensus Recommendation of "Buy" by Analysts

Tue, 06 Dec 2016 21:35:58 GMT

Bombardier Inc has been assigned a consensus rating of "Buy" from the fourteen ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company.

Union Points Out Trump's Carrier Deal Only Saved 730 Factory Jobs, Not More Than a Thousand

Tue, 06 Dec 2016 19:26:29 GMT

Last week, President-elect Donald Trump told workers he had struck a deal with United Technologies, the parent company of Carrier, to retain 1,100 jobs in Indiana rather than allow them to go to Mexico. This was all in response to an announcement earlier this year that Carrier was closing two plants and moving over 2,000 factory jobs down south.

Amnesty slams lasting, forced displacement of Turkey's Kurds

Tue, 06 Dec 2016 15:02:49 GMT

In this combo of satellite imagery made available by DigitalGlobe through Amnesty International, shows the Sur district in the mainly Kurdish city of Diyarbakir, southeastern Turkey, top, on Nov. 8, 2015, before the major curfew put into effect on Dec. 11, 2015, and below on May 10, 2016, after the end of the armed clashes, showing a portion of buildings in the eastern half of the city have been damaged or demolished.

General Dynamics Corp. (GD) Cut to "Hold" at Zacks Investment Research

Tue, 06 Dec 2016 12:59:03 GMT

According to Zacks, "General Dynamics is one of the only two contractors in the world equipped to build nuclear-powered submarines. Its revenues are derived from a broad portfolio of products and services that help to keep the overall growth momentum steady.

The first photo from a new Earth-gazing satellite is insanely detailed

Tue, 06 Dec 2016 08:50:56 GMT

DigitalGlobe released the first public photo taken by the company's Earth-gazing WorldView-4 satellite, and it's a beauty. The new image, taken on Nov. 26 and unveiled last week, shows Tokyo, Japan's Yoyogi National Gymnasium, one of the sites of the 1964 Olympics.

As Trump vows to stop flow of jobs overseas, US plans to make fighter jets in India

Tue, 06 Dec 2016 04:53:10 GMT

As a new American president bent on retaining American jobs prepares to take office, the Obama administration and the U.S. defense industry are working on a deal with the Indian government to build iconic U.S. combat aircraft in India. In recent months, Lockheed Martin and Boeing have made proposals to the Indian government to manufacture fighter jets - the F-16 Fighting Falcon and the F/A-18 Super Hornet - in India as the country seeks to modernize its rapidly aging fleet of largely Russian-built airplanes.