Orbital Sciences reports 2Q profit up 87 percent
Associated Press
“Orbital Sciences Corp. posted solid earnings growth for the second quarter Thursday, driven by strong sales in its advanced space programs and launch vehicle operations. The Dulles, Va., company reported earnings jumped 87 percent to $25.8 million, or 43 cents per share, for the second quarter, from $13.8 million, or 23 cents per share, in the second quarter of last year.”
Lockheed 2Q profit up 13 percent
Associated Press
“Lockheed Martin Corp. posted a 13 percent increase in second-quarter earnings Tuesday, beating Wall Street expectations and prompting the company to raise its yearly outlook as it made up a drop in fighter jet sales with strength in its other business units.”
Armored vehicles lift General Dynamics 2Q profit
Associated Press
“Feeding the Pentagon’s demand for armored vehicles helped drive up General Dynamics Corp.’s second quarter profit by 25 percent, lifting shares of the defense contractor, which also raised its outlook for the year on Wednesday. General Dynamics’ stock jumped nearly 7 percent, closing up $5.82 at $89.27 per share.”
Delays hurt Boeing’s 2Q profit, which falls 19 pct
Associated Press
“Delays hurt Boeing Co.’s second-quarter profit, which fell 19 percent because of late delivery of military aircraft and rising costs from the postponed introduction of its 787 jetliner. But the Chicago-based company, the world’s second-largest commercial airplane maker after Europe’s Airbus, reaffirmed its forecasts for 2008 and 2009, saying productivity gains would overcome the quarter’s setbacks.”
GENERAL DYNAMICS PRESS RELEASE
GILBERT, Ariz., April 22 - General Dynamics Advanced Information Systems, a business unit of General Dynamics, has been selected by NASA to build the spacecraft for the Landsat Data Continuity Mission (LDCM). Under the terms of the $116 million delivery order, General Dynamics will be responsible for the design and fabrication of the LDCM spacecraft bus, integration of the government furnished instruments, satellite-level testing, on-orbit satellite check-out and continuing on-orbit engineering support. General Dynamics will also provide a spacecraft/observatory simulator.
Landsat will obtain data and imagery for use in agriculture, education, business, science and government. The LDCM observatory will include evolutionary advances in technology and performance, providing 60 percent more Earth coverage data per day than the current Landsat observatory.
“General Dynamics is committed to supporting NASA, and understands the importance of the Landsat mission,” said David Shingledecker, vice president and general manager of integrated space systems for General Dynamics Advanced Information Systems. “We look forward to working closely with the Goddard Space Flight Center for the continued success of the Landsat mission.”
Continue reading ‘NASA Chooses General Dynamics for New Landsat Spacecraft’
Three of America’s largest defense and aerospace companies all reported increased first quarter profits this week.
“Boeing Co., the world’s second biggest commercial airplane manufacturer, reported a better-than-expected 38 percent jump in its first-quarter earnings, as it improved efficiency and recorded more orders for its aircraft,” the Associated Press reported. “The results, announced Wednesday by the Chicago-based aerospace and defense company, sent Boeing shares to a two-month high.”
Lockheed Martin reported profits rose 6 percent on sales of space systems, missiles and information technology systems. The Bethesda, Maryland-based company reported profits of $730 million, or $1.75 per share, beating analysts’ expectations of $1.63 per share.
The nation’s fourth largest defense contractor, General Dynamics, reported a 32-percent increase in first quarter earnings. The company’s net profit was $572 million, or $1.43 per share, up from $434 million or $1.07 per share. Profits rose on increased sales in combat systems, marine systems and the aerospace segment.
NASA also announced that it has awarded General Dynamics a $116 million contract for the Landsat Data Continuity Mission (LDCM). The company’s Advanced Information Systems unit will be responsible for designing and fabricating the LDCM spacecraft bus, integrating instruments, satellite-level testing, on-orbit satellite check-out, and continuing on-orbit engineering support. General Dynamics also will provide a spacecraft/observatory simulator.
