Northrop Grumman Corporation reported sales for the second quarter decreased 9.6% to $6.56 billion, from $7.26 billion in the same quarter a year ago.
Category Archives: Business News
Goodrich and Currawong Team on Fuel Injection Technology
MLB Super Bat
Goodrich Corporation and Currawong Engineering Pty Ltd. of Tasmania, Australia, have announced a joint distribution agreement for technology developed for small gasoline and heavy fuel UAS engines.
Rafael and Aeronautics Buy Controp for $90M
Two of Israel’s defence suppliers– Rafael Advanced Defense Systems and Aeronautics – will acquire the ownership in Controp Precision Technologies for an estimated amount of about $90 million.
Elbit Systems Gets $40 Million Digital Army Program Extension from Israel’s Ministry of Defence
Elbit Systems Ltd. announced that it was awarded a $40 million order by the Israel Ministry of Defence for the follow-on Digital Army Programme (DAP). The Hermes and Skylark UAS form an integral part of the programme, integrated into a comprehensive net-centric solution.
Boeing Acquires SMSi to Support C4ISR and Cyber-Security Growth
Boeing announced an agreement to acquire Solutions Made Simple Inc. (SMSi), an information services provider for the U.S. government and the Intelligence Community.
Global UAS Market Worth $7.1 Billion in 2011 is Growing by 4% Annually
The Global Unmanned Aircraft Systems Market, worth an estimated US $7.1 billion this year, is expected to grow by 4% over the next ten years, reaching US $10.5 billion in 2021, according to a new report.
New Chairman for Northrop Grumman
The board of directors of Northrop Grumman Corporation elected Wes Bush as its chairman, effective immediately. Bush will serve as chairman, chief executive officer and president. Bush succeeds Lewis W. Coleman, who has served as non-executive chairman since January 2010.
Textron Reports Second Quarter Results
Textron Inc. reported second quarter 2011 Revenues of $2.7 billion, up $19 million from the second quarter of 2010. Segment profit was $196 million, up $35 million from the year-ago quarter.