Saab swings to loss, cuts 500 jobs Oct 17, 2008
STOCKHOLM Swedish aerospace and defense company Saab AB said Friday it swung to a third-quarter loss and unveiled plans to cut 500 jobs, or nearly 4 per cent of its work force, in the next two years. The company mainly blamed the weaker results on steep marketing costs, delayed orders and slow business development in South Africa. (Globe and Mail -- Business)
Robertson appointed to Clay utility authority board Oct 17, 2008
Robertson is responsible for Reynolds, Smith and Hills' six operating programs: Aerospace and Defense, Aviation, Commercial, Institutional, Transportation and Public Infrastructure. In addition to planning the strategic direction of the firm, he also oversees the company's marketing efforts as it expands nationally and has become recognized as one of the nation's leading architectural and engineering firms. (Florida Times-Union)
Update: JDSU Names Sharad Rastogi Senior Vice President of Corporate Development and Marketing Oct 16, 2008
JDSU is also a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at. (PR Newswire)
Motorola sells biometrics unit to French firm Oct 16, 2008
(AP) has sold its biometrics unit, which makes fingerprint scanners, to French aerospace and defense manufacturer Safran Group. Terms weren't disclosed. (Crain's Chicago Business)
One of McClellan Parks earliest tenants to close doors July 24 Oct 11, 2008
Paul Nisbet, an aerospace analyst with , a Rhode Island research firm that tracks the aerospace and defense industry, said the group s closure is not indicative of what s happening to the company. The rest of Raytheon, in general, is doing very well, Nisbet said. (Sacramento Business Journal, CA)
NASA and ATK Successfully Deploy 18 Foot Diameter Solar Array for ST8 Program Oct 10, 2008
ATK is a premier aerospace and defense company with more than 17,000 employees in 21 states and approximately $4. 6 billion in revenue. (PR Newswire)
Tyco Electronics to Report Fiscal Fourth Quarter Results on Nov. 6, 2008 Oct 10, 2008
We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With over 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. (PR Newswire)
ATK and Elbit Systems Conduct Successful Flight Test of GATR Oct 7, 2008
75"/70mm launcher hardware. GATR will be particularly effective in urban areas or against targets where a low collateral damage warhead is required. The GATR system is designed as a complementary weapon to fill the gap between larger, more expensive guided missiles and the current family of unguided rockets. About ATK ATK is a premier United States aerospace and defense company with more than 17,000 employees in 21 states and approximately $4.6 billion in revenue. About Elbit Systems Elbit... (PR Newswire)
New generation of weapons Oct 7, 2008
Minneapolis-based Alliant is a major aerospace and defense company with more than 17,000 employees in 21 states and about $4. 6 billion in revenue. (AZCentral -- Business)
Alliant Techsystems Inc. wins $53M contract Oct 4, 2008
Based in Minneapolis, ATK is a major aerospace and defense company with more than 17,000 employees in 21 states and approximately $4. 6 billion in revenue. (AZCentral -- Business)
Goodrich wins Cessna contract Oct 3, 2008
Charlotte-based Goodrich (NYSE:GR) is a supplier of systems and services to the aerospace and defense industry. Cessna is a unit of Providence, R.I.-based (NYSE:TXT). (Charlotte Business Journal, NC)
Luxell Introduces New Display Services to Address Growing Market Demand Sep 23, 2008
TORONTO, Sept. 23 /CNW/ - Luxell Technologies Inc. (TSX:LUX) announced today that it has developed and successfully launched new custom liquid crystal display (LCD) design services to address growing market opportunities in the aerospace and defense sectors ... Luxell designs, manufactures and licenses flat panel display technologies and product solutions for the aerospace and defense sectors. (Canada Newswire)
Centennial Coal Chooses Dyadem to Standardize Risk Assessment Sep 22, 2008
Dyadem works with 85% of the Fortune 500 companies and serves the high tech tronics, medical devices, oil and gas, chemical, automotive, pharmaceutical and aerospace and defense industries. For more information, visit www. (Canada Newswire)
AAR Receives Pallet Repair Contract Valued at Up to $311 Million Sep 19, 2008
"AAR takes great pride in providing our defense customers with products and services that help them operate more efficiently and contribute to the success of their missions," said David P. Storch, Chairman and Chief Executive Officer of AAR CORP. "This contract marks our 45th year of providing new and remanufactured air cargo pallets to the U.S. Air Force." AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales... (PR Newswire)
Cheney to stand in for Bush Sep 19, 2008
"These programs are vital to our national security, scientific advancement and the economy of the district I seek to represent. "As North Alabama's next congressman, I will fight to protect the aerospace and defense jobs President Bush has supported. " The seat is being vacated by 18-year U.S. Rep. Bud Cramer; he has endorsed Griffith. The vice president's visit is certain to delay traffic as his motorcade passes through town, but Barbie Peek, a spokeswoman for Huntsville International Airport,... (AL.com)
AIA Members Intensify Support for Workforce and Education Initiatives Sep 16, 2008
Security requirements dictate that most U.S. aerospace and defense systems be developed by citizens. By not meeting this workforce need, the future of aerospace technology is at risk, the report states. (PR Newswire)
Tech skills bring way to cash in on a career Sep 14, 2008
Many jobs have been sent out of the country, yet aerospace and defense firms are actively marketing, training and recruiting. "Parents are turning their kids away from this because of a fear of outsourcing," said John Catapano, coordinator at the center for workforce development for Maricopa Community Colleges. (AZCentral -- News)
Lehman's Cerf Close to Joining Credit Suisse as Head of European Mergers Sep 13, 2008
s , who advises clients in the technology, aerospace and defense industries, is close to joining AG, three people with knowledge of his move said. Cerf, a 15-year Lehman veteran, will take responsibility for mergers in continental Europe at Credit Suisse, said the people who declined to be identified before an official announcement. (Bloomberg -- UK)
Goodrich lands Airbus contract Sep 12, 2008
Charlotte-based Goodrich is a global supplier of systems and services to the aerospace and defense markets. Airbus is an aircraft manufacturer based in France. (Charlotte Business Journal, NC)
Tanker decision on hold again Sep 11, 2008
Gates' decision gives Boeing more time to prepare a 777 bid, or to revise its 767 offering, which could include proposing an extended version of the plane, said Richard Aboulafia, an aircraft expert at the Teal Group, an aerospace and defense analysis group. Although Boeing is now back in the game, the change in administrations may not help the company. (OregonLive, OR -- Business)
Sypris appoints new CFO Sep 10, 2008
Many of its clients are in the aerospace and defense industries. Reader Comments. (Louisville Business First, KY)
Forbes Beltway Index: Earnings Revisions Sep 10, 2008
At the end of August, the aerospace and defense concern announced quarterly earnings per share (EPS) that beat Wall Street expectations by nine cents. Esterline shares are up 2. (Forbes -- Business)
AAR to Announce First Quarter 2009 Results on September 16, 2008 Sep 9, 2008
AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve airline and defense customers through four operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; Structures and Systems and Aircraft Sales and Leasing. (PR Newswire)
Boeing awards M7 Aerospace aircraft parts contract Sep 9, 2008
The Boeing Co. (NYSE: BA) is a Chicago-based aerospace and defense giant. Reader Comments. (San Antonio Business Journal, TX)
Entelos seeks shortcuts to bringing drugs to market Sep 8, 2008
The Foster City company s mathematical models a technology borne out of the aerospace and defense industries create virtual humans and virtual animals that biotech and pharmaceutical companies can use to test the effectiveness and safety of a compound before it gets deeper into a drug-development process. Even earlier in the process though, Entelos models can help identify disease targets. (San Francisco Business Times, CA)
SAP WM SD, Business Process Analyst Sep 5, 2008
2 billion global multi-industry company with market-leading brands and businesses serving the general aviation, aerospace and defense, industrial and commercial finance markets. Job Description. (The Clarion-Ledger)
Saab warns of weaker than expected sales, margins Sep 4, 2008
STOCKHOLM, Sweden Shares in Saab AB plunged Thursday after the Swedish aerospace and defense company cut its outlook for 2008, citing delays in completing orders and uncertainties surrounding Swedish defense spending. The company said it now expects 2008 organic sales growth of between 3 and 4 percent, compared with 5 percent previously and cut the operating margin forecast to 8 to 9 percent from 10 percent. (San Diego Union-Tribune -- Business)
Teradyne Offers Eagle Test $250M Sep 3, 2008
In addition to supplying automatic test systems to electronics, automotive and computing companies, Teradyne (nyse: - - ) has customers in telecommunications and the aerospace and defense industry. Eagle Test designs, manufactures and sells test equipment that inspects chips in digital cameras, digital music players and cellphones. (Forbes -- Markets)
Leadership Summit Features Colin Powell, Top Execs Aug 30, 2008
-- Ralph D. Crosby Jr., president and chief executive officer of EADS North America, one of the world's largest aerospace and defense companies. -- John Hendrix, director of economic development for the Mississippi Band of Choctaw Indians. (PR Newswire)
LAI International crafts high-tech parts with precision Aug 29, 2008
The Scottsdale-based manufacturer, which makes parts involving complex detail and accuracy, has seen huge growth as a supplier to the power, aerospace and defense industries during the past five years as those sectors grew. LAI announced last week it was expanding its Phoenix plant and upgrading its equipment to handle more work. (Phoenix Business Journal, AZ)
Standex Acquires BG Laboratories Aug 29, 2008
Our acquisition of BG Laboratories expands Standex Electronics customer base in the aerospace and defense market segments and increases our market share in the higher-margin custom engineered magnetics market, said Roger Fix, Standex International president and chief executive officer, in the release. BG Laboratories serves an impressive list of blue chip customers that use its high-reliability products for mission critical applications. (Cincinnati Business Courier, OH)
Colin Powell to speak at MSU Aug 28, 2008
Additionally, Ralph D. Crosby Jr., president and CEO of the European Aerospace and Defense System s North America branch, will attend. EADS North American is one of the world s largest aerospace and defense companies. (Columbus Commercial Dispatch, MS)
Voss Scientific inks partnership with defense contractor Aug 25, 2008
But now, the company expects sales to grow a lot faster, thanks to a new marketing partnership with Minnesota-based an aerospace and defense contractor with more than $4 billion in annual sales. This article is for Paid Print Subscribers ONLY.. (New Mexico Business Weekly, NM)
Saab offers Gripen fighter jet to the Netherlands Aug 25, 2008
Saab AB has offered to sell 85 JAS Gripen fighter jets to the Netherlands, going head to head with Lockheed Martin Corp. for the lucrative deal of replacing the country's aging F16 fleet, the Swedish aerospace and defense company said Monday. Saab said it has responded to an open request by Dutch Ministry of Defense by offering to sell 85 Next Generation Gripen fighters. (International Herald Tribune -- Arts)
Voss Scientific inks partnership Aug 22, 2008
But now, the company expects sales to grow a lot faster, thanks to a new marketing partnership with Minnesota-based an aerospace and defense contractor with more than $4 billion in annual sales. Our revenue is already in the $5 million to $6 million range, but we expect it to grow a lot more in the next few years, said Don Voss founder and principal scientist at Voss Scientific. (New Mexico Business Weekly, NM)
More of this story» Aug 21, 2008
"An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will create 82 indirect Michigan jobs, in addition to 100 others created directly by the company.The project is expected to generate more than 35 million in personal income for Michigan workers over the life of the tax credit.Ameriwood is one of 20 economic development projects the governor announced Aug. 19.In all, they are expected to create a total of 9,495 Michigan jobs and to... (Dowagiac News, MI)
General Dynamics to Boost Gulfstream With Jet Aviation Purchase Aug 20, 2008
Your browser's settings may be preventing you from commenting on and viewing comments about this item. Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. (Washington Post)
Allied Defense sells subsidiary for $26M Aug 20, 2008
The purchaser is U.K.-based Cobham plc, which designs and builds equipment and systems for the aerospace and defense systems industries. "GMS has been an important part of our electronic security business segment," said retired Maj. (Washington Business Journal, DC)
Time to get answers on defense budget Aug 17, 2008
Could it have something to do with the consolidation of the aerospace and defense industry. Whatever the reason, the American people have a right to expect their representatives in Congress to start asking some hard questions of the White House and the press to address the same questions to the presidential candidates. (Boston Globe -- Editorial)
Dollar surge knocks down commodities, stocks rise Aug 16, 2008
European shares also gained, as aerospace and defense companies rallied on the stronger dollar, withstanding a heavy drag from falling mining stocks on the lower commodities prices. U.S. manufacturing data that was better than expected helped ease recessionary fears and catapulted stocks into positive territory. (International Herald Tribune)
Greenback surge knocks down commodities Aug 16, 2008
The stronger dollar is a negative anchor on anything commodity-related," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles. "But that's counterbalanced by a significant outperformance of the retailers, which are a continued beneficiary of lower oil," James said. Shares of consumer-oriented companies such as Procter & Gamble and Wal-Mart Stores did well. P&G rose 2.7% to $US71.60, and Wal-Mart, the world's biggest retailer, jumped 2.2% to $US59.37, as... (Sydney Morning Herald -- Business)
Goodrich, Rolls-Royce forming joint venture Aug 15, 2008
Goodrich is a supplier of systems and services to the aerospace and defense industry. Reader Comments. (Charlotte Business Journal, NC)
Eurocopter expansion could boost workforce by 150 Aug 14, 2008
It controls 39 percent of the global civilian and military market and is the second largest aerospace and defense conglomerate in the world, behind The Boeing Company. The Lowndes County facility currently imports disassembled parts for ordered helicopters, then assembles and delivers them. (Columbus Commercial Dispatch, MS)
European, Asian Giants Dominate AVIATION WEEK Airline Rankings Aug 12, 2008
About AVIATION WEEK AVIATION WEEK, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes the publications Aviation Week Technology, Defense Technology International, Business rcial Aviation, Overhaul enance, ShowNews, Aviation Daily, The Weekly of Business Aviation, Aerospace Daily se Report and the World Aerospace Database. The group's website, offers the industry's most... (PR Newswire)
Unique vessel positioning system lands Averna top engineering award Aug 12, 2008
QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)
Nationwide bullet demand affecting police Aug 10, 2008
Brian Cullin of Minneapolis-based ATK, an aerospace and defense company that supplies munitions, said Friday a nationwide increase in training time for police officers has contributed to the ammunition shortage. Since Sept. 11, Cullin said police departments across the country have upped training requirements, part of heightened security measures prompted by the terrorist attacks. (Longview Daily News, WA)
Epic Data Announces Third Quarter Results Aug 9, 2008
In aerospace and defense, industrial equipment, automotive and technology, our systems are used to increase plant productivity and production velocity while identifying the continuous improvement initiatives vital to winning in today's competitive manufacturing environments. People and technology make Epic Data a global leader in automated data collection solutions for the extended enterprise. (CCNMatthews Press Releases)
Governor releases plan for keeping Texas workers competitive Aug 7, 2008
In a statement, Perry s office said, Increased competition in these areas will better equip Texans to excel within the six most rapidly growing industries in the world: aerospace and defense; advanced technologies and manufacturing; biotechnology and life sciences; energy; information and computer technology and petroleum refining and chemical products. Reader Comments. (Dallas Business Journal, TX)
Aerojet names VP of tactical programs Aug 5, 2008
John Myers has been promoted to vice president of tactical programs for , an aerospace and defense company based in Rancho Cordova. Myers, previously executive director for tactical programs for Aerojet, is a 27-year propulsion business veteran, starting his career at s engineering department in 1981. (Sacramento Business Journal, CA)
Edgeview Partners advises on acquisition Aug 5, 2008
Edgeview has closed deals in more than 15 industry sectors, including aerospace and defense, building products, business services, consumer products, diversified manufacturing, energy services, health care, and transportation and logistics. Reader Comments. (Charlotte Business Journal, NC)
Aerojet Names Vice President of Tactical Programs Aug 2, 2008
Aerojet is a world-recognized aerospace and defense leader principally serving the missile and space propulsion, defense and armaments markets. GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale, and leasing of the company's excess real estate assets. (PR Newswire)
BAE Systems First-Half Profit Rises 14% on U.S. Sales of Armored Vehicles Aug 2, 2008
8 percent this year, compared with a 17 percent drop in the 18-member Bloomberg World Aerospace and Defense Index. The results look to be held up by a fairly strong Land & Armaments business,'' said , an analyst at Numis Securities Ltd. in London. (Bloomberg -- UK)
Curtiss-Wright and Arxan Defense Systems Partner to Develop Advanced Anti-Tamper Tools Aug 1, 2008
With manufacturing facilities around the world, Curtiss-Wright Controls is a leading technology-based organization providing niche motion control products, subsystems and services internationally for the aerospace and defense markets. For more information, visit. (Yahoo News -- Press Releases)
Saab sweetens Norwegian collaboration offer Aug 1, 2008
Swedish aerospace and defense company Saab AB said Friday it has identified more than 150 potential collaboration projects if the company wins the bidding war to replace Norway's 48 aging F-16 fighters. The total value of the projects was not disclosed but Saab, which makes the Gripen fighter jets, said it would correspond to "at least 180 percent" of the offset value of the aircraft over a period of 10 to 15 years. (International Herald Tribune -- Arts)
Boeing expands use of Siemens PLM Software Jul 31, 2008
Plano-based Siemens PLM Software, a subsidiary of Siemen s Industry Automation Division and parent-company (NYSE:SI) of Frankfurt, Germany, is a major supplier of software solutions that has clients in various industries, including the aerospace and defense sector. Boeing is already using Teamcenter software to collect and update product data. (Dallas Business Journal, TX)
Employers, workers develop staged retirement Jul 31, 2008
The EBRI survey specifically looked at workers in the aerospace and defense industry. Also in msnbc. (MSNBC -- Business)
GM reduces length of 2009 Saab warranty Jul 29, 2008
GM has owned Saab since 2000, when the Detroit automaker purchased it from Swedish aerospace and defense company Saab AB.. GM started offering five-year, 100,000-mile powertrain warranties on all 2007 model year passenger vehicles in an effort to help it sell more autos by boosting its reputation for quality. (MSNBC -- Business)
Retooling Benefits ITT Jul 26, 2008
In 2007, ITT sold several electronics businesses and made two significant acquisitions: EDO, a global aerospace and defense company, and IMC, an industrial-components business. ITT, which makes military and electronics goods and water and transport systems, said a large deal to provide seawater in Chile, several contract wins in China and several "significant orders" for Indian Railways were highlights of the second quarter. (Forbes -- Markets)
Curtiss-Wright Reports 2008 Second Quarter and Six Month Financial Results Jul 25, 2008
The main drivers were higher global shot peening revenues, primarily in the commercial aerospace, general industrial and commercial power markets, along with higher revenues in our laser peening business from the commercial aerospace and defense markets. These increases were partially offset by a decline in the automotive market. (PR Newswire)
Aerojet to lay off 100 employees Jul 25, 2008
Aerojet, an aerospace and defense manufacturer in Rancho Cordova, is a division of GenCorp Inc. (NYSE: GY), notified about about 1,000 people in the affected departments Wednesday. Aerojet currently employs 3,171 people, with 1,678 in Rancho Cordova. (Sacramento Business Journal, CA)
Navy cancels $20b purchase of destroyers Jul 24, 2008
"You'd have to say the Pentagon acquisition system is broken," said former naval architect Jon B. Kutler, chairman of Admiralty Partners, a private equity firm specializing in aerospace and defense. "They're spending a lot of money and have very little to show for it.". (Boston Globe)
Forbes Beltway Index: 52-Week Winners Jul 23, 2008
Shares of the Charlotte, N.C.-headquartered company, reflecting recent market turmoil for the aerospace and defense industry, have lost 40% of their value year to date. Forbes Beltway Index: Components Near 52-Week Highs. (Forbes -- Business)
Predictable Communications for Net-Centric Homeland Defense Jul 22, 2008
Widely recognized for its flagship product, QualNet, the company's customers include major aerospace and defense contractors, the US Department of Defense, mobile network operators, as well as research agencies and universities. Media Contact Camille Cox OnRamp Communications Tel: 805. (PR Newswire)
United Tech/Textron Go Their Own Way Jul 18, 2008
J.P. Morgan analyst Stephen Tusa wrote in a note to clients that guidance for the third quarter was light, but the company has been conservative before and the strong backlog in its aerospace and defense business is a positive sign. More On This Topic Companies. (Forbes -- Markets)
United Tech Overcomes Carrier Cold Spell Jul 17, 2008
Richard Tortoriello, aerospace and defense analyst, said he expected continued solid operating results. Key positives for 2008 include a robust 27% gain in the company's backlog in 2007, up double-digits in all businesses. (SmartMoney)
