FALLS CHURCH, Va, Sept. 8, 2020 (Northrop Grumman PR) – Northrop Grumman Corporation (NYSE: NOC) was selected by the U.S. Air Force to modernize the nation’s aging intercontinental ballistic missile (ICBM) system under a $13.3 billion contract awarded today for the engineering and manufacturing development (EMD) phase of the Ground Based Strategic Deterrent (GBSD) program.
The Air Force Nuclear Weapons Center announced that the effort will span 8.5 years and include weapon system design, qualification, test and evaluation and nuclear certification. Upon successful completion of EMD, the Northrop Grumman team will begin producing and delivering a modern and fully integrated weapon system to meet the Air Force schedule of initial operational capability by 2029.(more…)
ARLINGTON, VA (NSSA PR) — The National Security Space Association (NSSA), a U.S. trade association devoted solely to the U.S. defense and intelligence space enterprise, added 8 new members to their Board of Directors today. Each appointee is a highly regarded member of their respective organization and will bring their individual experience to NSSA’s commitment to the preservation and protection of the National Security Space Community. These additions follow last month’s appointment of General (Ret.) Lester Lyles and Ms. Stephanie O’Sullivan to the Board of Directors.(more…)
SEABROOK, Md., March 22, 2013 (General Dynamics PR) — The EDGE® Innovation Network announced today that the new EDGE Space Innovation Center is officially open following a ribbon-cutting ceremony on Friday, March 22. Housed within the General Dynamics’ Seabrook, Md., facility, the 13th and newest EDGE Innovation Center is less than two miles from the NASA Goddard Space Flight Center in Greenbelt, Md. General Dynamics C4 Systems sponsors the EDGE Innovation Network.
OSC PRESS RELEASE
Orbital Sciences Corporation (NYSE: ORB), one of the worldâ€™s leading space technology companies, today announced that it has reached a definitive agreement to acquire the spacecraft development and manufacturing business of General Dynamics Corporationâ€™s (NYSE: GD) subsidiary, GD Advanced Information Systems. The transaction is subject to customary closing conditions and is expected to close in approximately four weeks. Houlihan Lokey advised Orbital in conjunction with this transaction.
General Dynamics Press Release
General Dynamics (NYSE: GD – News) today reported first-quarter 2009 earnings from continuing operations of $593 million, or $1.54 per share on a fully diluted basis, compared with 2008 first-quarter earnings from continuing operations of $573 million, or $1.42 per share fully diluted. Revenues grew to $8.3 billion in the quarter, an 18 percent increase over first-quarter 2008 revenues of $7 billion. Net earnings for the first quarter of 2009 were $590 million, compared to $572 million in the first quarter of 2008.
Southeast Valley becoming aerospace business hub
With a multibillion-dollar economic impact, the aerospace industry soars as the Southeast Valley’s payroll leader, one of the region’s largest employers and a workplace for some of Arizona’s top research talent.
Orbital Sciences reports 2Q profit up 87 percent
“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
“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
“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
“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.”
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.