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Aerospace-Defense News

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General Electric CEO Jeffrey Immelt in Boston in March 2016.

Fri, 20 Jan 2017 14:02:15 GMT

In its final year in 2016 as a Connecticut-based company, General Electric reported an $8.8 billion profit, more than overcoming a $6.1 billion loss the year before as the company dismantled its Norwalk-based GE Capital division to refocus on its industrial heritage. On Friday morning GE reported a 45 percent decline in fourth-quarter net income to below $3.5 billion, with revenue off 2 percent to $33.1 billion.

Barclays PLC Boosts Boeing Co. (BA) Price Target to $175.00

Fri, 20 Jan 2017 11:47:53 GMT

The brokerage currently has an overweight rating on the aircraft producer's stock. Other analysts also recently issued reports about the company.

The Latest: WTO chief frets over trade war talk

Fri, 20 Jan 2017 07:40:48 GMT

The World Trade Organization's top official has voiced his concern that talk of a trade war between the U.S. and China could become self-fulfilling. Roberto Azevedo, the WTO's director-general, said Thursday: "I think we should try not to talk ourselves into a trade war, and I think we're seeing a lot of that."

First of 3 storms hit Orange County; traffic and flooding affected

Fri, 20 Jan 2017 03:22:38 GMT

Traffic moves through heavy rain on the southbound I-5 freeway near Jeffrey Road in Irvine. Wayne Christian fills a sandbag in the parking lot south of the Seal Beach pier Wednesday morning.

SEC - GM Settle Internal Controls Action

Thu, 19 Jan 2017 23:02:02 GMT

Effective internal controls are critical to any organization. The Commission has focused on these controls, brining enforcement actions in recent months tied to internal control issues.

Alert: New Privacy Training Requirements for Companies with Federal Government Contracts

Thu, 19 Jan 2017 18:30:08 GMT

Effective January 19, 2017, companies awarded federal government contracts will be required to ensure that their employees receive annual privacy training if those employees handle personally identifiable information , have access to a system of records or design, develop, maintain or operate a system of records. The Department of Defense, General Services Administration and National Aeronautics and Space Administration recently issued these new rules, adding Subpart 24.3 to the Federal Acquisition Regulation and a new standard contract clause implementing the new requirements.

Price per F-35 below $100M?

Thu, 19 Jan 2017 13:43:31 GMT

The U.S. Department of Defense and Lockheed Martin are close to deal for a contract worth almost $9B as negotiations are poised to bring the price per F-35 below $100M for the first time.

Safran to Buy Zodiac for $9 Billion in All-French Aviation Deal 2 hours ago

Thu, 19 Jan 2017 09:21:39 GMT

Zodiac Aerospace SA for 8.55 billion euros in an all-French deal that will unite two of the country's biggest aerospace groups. Safran will pay 29.47 euros per Zodiac share, a 25 percent premium to Wednesday's closing price, the companies said in a statement Thursday.

Lasers Could Generate Shields Out Of Thin Air

Thu, 19 Jan 2017 04:56:47 GMT

A plane-based laser system generates an atmospheric shield to protect itself against a laser attack in this illustration. Proposed by BAE Systems, a defense and aerospace company founded in the United Kingdom, the conceptual Laser Developed Atmospheric Lens would use lasers to ionize and heat the atmosphere in a way that temporarily endows small pockets of it with useful characteristics.

Most actively traded companies on the TSX

Thu, 19 Jan 2017 00:29:30 GMT

Bombardier Inc. . Aerospace, rail equipment. Down 10 cents, or 3.64 per cent, to $2.65 on 14.5 million shares.

Fact sheet: 2017 Buick Encore

Wed, 18 Jan 2017 19:59:16 GMT

This photo provided by the General Motors Company shows the 2017 Buick Encore. The Buick Encore subcompact SUV arrives for 2017 with a lower starting retail price, more standard equipment, refreshed styling and new connectivity features.

Buick drops price, updates look of Encore subcompact SUV

Wed, 18 Jan 2017 19:59:15 GMT

This photo provided by the General Motors Company shows the 2017 Buick Encore. The Buick Encore subcompact SUV arrives for 2017 with a lower starting retail price, more standard equipment, refreshed styling and new connectivity features.

Continue reading Trump seeking at least 10% cut in F-35 fighter costs, defense exec says

Wed, 18 Jan 2017 17:49:29 GMT

President-elect Donald Trump has asked Lockheed Martin Corp. to reduce costs on the $379 billion F-35 fighter-jet program by at least 10 percent, according to Roger Carr, chairman of BAE Systems, a key participant in the program. "We've been told through Lockheed that the president has an ambition to reduce the cost of that aircraft by a material amount of money, many percent, into double digits over a period," Carr said in a Bloomberg Television interview Tuesday from the World Economic Forum in Davos, Switzerland.

The Right Way to Cut Wasteful Defense Spending

Wed, 18 Jan 2017 15:27:43 GMT

President-elect Donald Trump has made cutting wasteful defense spending a top priority, specifically targeting federal defense contracts. He called defense industry leaders to the proverbial woodshed to protest costly projects, including threatening on Twitter to cancel Lockheed Martin's F-35 Joint Strike Fighter and Boeing's contract to build two new Air Force Ones.

By Ripping NATO, Trump Makes Europe Nervous and Arms Trade Happy

Wed, 18 Jan 2017 13:11:14 GMT

Donald Trump is right to say America's NATO allies aren't paying their fair share. But, to the delight of the arms industry, that may be changing.

GE confirms it was talking to SUNY Poly about biopharma center

Wed, 18 Jan 2017 08:26:47 GMT

A view of the Albany Molecular Research Inc., headquarters on Thursday, May 19, 2016, in Albany, N.Y. General Electric has confirmed it had talks with state officials about a $800 million biopharmaceutical center at SUNY Poly in Albany. AMRI, which has partnered with SUNY Poly in the past, has not talked about the potential center.

Natixis Asset Management Has $598,000 Stake in B/E Aerospace, Inc.

Wed, 18 Jan 2017 03:57:31 GMT

Natixis Asset Management decreased its position in B/E Aerospace, Inc. by 24.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,568 shares of the company's stock after selling 3,826 shares during the period.