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Boeing (BA)

Boeing's ZA004 Joins 787 Flight-Test Program

A third airplane has joined the Boeing 787 Dreamliner flight-test program. ZA004, the fourth flight-test airplane to be built, took off at 11:43 a.m. local time from Paine Field in Everett, WA.
The program plan called for ZA004 to fly before ZA003 because the data ZA004 is collecting is needed more quickly both for certification and development of the 787-9. "Airplane No. 4 operated flawlessly today," Captain Heather Ross said after landing. "We've got a lot of work ahead of us but I can't imagine a better start to the flight test program for this airplane."

Feb 25 · 3:40:00 PM · Source: Company Press Release
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by Michael Oliveto

Boeing (BA)

Boeing Continues Layoffs

Boeing will lay off 527 employees in the Puget Sound area by April 23, most of them from its Engineering, Operations and Technology unit.
The layoffs, detailed by Boeing in a WARN (Worker Adjustment and Retraining Notification Act) notification, are part of a larger group of 1,020 workers companywide who received layoff notices on Friday. The layoffs are part of a 10,000-person force reduction plan announced last year by Boeing CEO Jim McNerney.

Feb 23 · 11:57:00 PM · Source: MSN Money
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by Michael Oliveto

GE (GE)

GE Healthcare Introduces Vscan Visualization Tool

GE Healthcare today announced the availability of Vscan, a new, pocket-sized visualization tool developed to provide physicians with imaging capabilities at the point-of-care.
Roughly the size of a smart phone, Vscan houses powerful, ultra-smart ultrasound technology that provides clinicians with an immediate, non-invasive method to help secure visual information about what is happening inside the body. Vscan is portable and can easily be taken from room to room to be used in many clinical, hospital or primary care settings.

Feb 15 · 5:08:00 PM · Source: Company Press Release
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by Michael Oliveto

Lockheed Martin (LMT)

Lockheed Martin Laser In Successful Demonstration

Lockheed Martin announced that the Beam Control/Fire Control system for the U.S. Missile Defense Agency’s Airborne Laser Testbed (ALTB) successfully aimed the High Energy Laser beam in an experiment Feb. 11, in which a boosting ballistic missile target was destroyed.
In the lethal demonstration, the directed energy system aboard the modified Boeing 747-400F aircraft engaged and destroyed the threat-representative ballistic missile target shortly after it was launched from a sea-based platform in the Pacific Ocean.

Feb 12 · 9:52:00 PM · Source: Company Press Release
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by Michael Oliveto

Burlington Northern Santa Fe (BNI)

BNI Shareholders Approve Acquisition

Burlington Northern announced that all shareholders voted overwhelmingly in favor of the Company's acquisition by Berkshire Hathaway Inc.
The merger is expected to close on February 12.

Feb 12 · 12:56:00 PM · Source: Reuters
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by Michael Oliveto

GE (GE)

GE Files Lawsuit Against Mitsubishi

GE, the biggest maker of wind turbines in the U.S., filed a new patent infringement lawsuit against Mitsubishi Heavy Industries Ltd. and plans to appeal an earlier case it lost.
The new complaint, filed in federal court in Dallas, claims Mitsubishi Heavy infringes two patents. One is related to the base frame supporting the weight of the rotor and the other covers a way to keep the turbine connected to the electricity grid even when the voltage drops. GE seeks a court order to block further use of its inventions, plus cash compensation.

Feb 12 · 12:44:00 PM · Source: Business Week
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by Michael Oliveto

Raytheon (RTN)

Raytheon Awarded $170 Million Missile Deal by UAE

Raytheon has picked up a $170 million contract to supply two variations of infrared Maverick air-to-surface missiles to the United Arab Emirates.
The sale concerns the AGM-65D and AGMG2 infrared-guided missiles that gained fame during the U.S.-led operation Desert Storm.

Feb 11 · 12:13:00 PM · Source: UPI
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by Michael Oliveto

Raytheon (RTN)

Raytheon Awarded $38 Million Air Force Contract

Raytheon has received a $37.9 million delivery order from the U.S. Air Force to modify weapons data link equipment used in pilot training for F-15 fighter aircraft.
This is the second delivery order under a 2007 indefinite-delivery, indefinite-quantity (IDIQ) contract awarded to Raytheon Technical Services Company LLC (RTSC) for the Air Force Training Frequency Relocation (TFR) program. TFR is the Air Force's initiative to modify GBU-15/AGM-130 weapons data link equipment to comply with federal reallocation of radio frequencies from governmental to commercial use.

Feb 11 · 12:12:00 PM · Source: Company Press Release
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by Michael Oliveto


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