Industrials

Headline News

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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Lockheed Martin (LMT)

Lockheed Martin Awarded $160 Million Navy Contract

The U.S. Navy awarded Lockheed Martin a $160 million follow-on contract for technical and engineering support of its land-based test facility for the Aegis Ballistic Defense (BMD) Weapon System.
Known locally as the “the Cruiser in the Cornfield” for its ship-like exterior appearance, the Navy’s Vice Admiral James H. Doyle Combat Systems Engineering Development Site (CSEDS) develops, integrates and delivers sophisticated computer software that allows the Aegis Weapon System to constantly evolve to meet the world’s emerging threats. CSEDS incorporates highly-integrated, classified, real-time networks that connect numerous contractor and U.S. government facilities.

Feb 11 · 12:05:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

GE (GE)

GE in $200MM Partneship Deal

GE Energy Financial Services, a unit of GE, announced today that it has formed partnerships to acquire West Texas natural gas and North Dakota oil and gas reserves for a total of nearly $200 million.
In the first transaction, GE Energy Financial Services formed a partnership with independent oil and gas company Marlin Energy LLC. Their new alliance, Marlin Permian, LP, acquired natural gas reserves in West Texas from an undisclosed seller for $65 million. GE Energy Financial Services will serve as limited partner. Marlin Energy, based in Lafayette, LA, will serve as both general partner of the partnership and operator of the assets. In the second transaction, GE Energy Financial Services has formed a partnership with Sequel Energy, LLC to acquire oil and gas reserves in the Williston Basin of North Dakota from Denver-based St. Mary Land & Exploration Company for $137 million. GE Energy Financial Services will serve as the limited partner, with Sequel, also based in Denver, serving as general partner and operator.

Feb 10 · 4:15:00 PM · Related: St. Mary Land
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Boeing (BA)

Boeing 747-8 Freighter Successfully Completes Firs

The Boeing 747-8 Freighter successfully took to the sky for the first time today before more than 5,000 employees, customers, suppliers and community leaders.
The flight begins a test program for the world's most efficient freighter.

Feb 9 · 2:24:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

GE (GE)

GE Profit Tops Analysts' Estimates

General Electric's quarterly earnings topped Wall Street expectations, as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment.

The largest U.S. conglomerate said Friday that fourth-quarter profit attributable to common shareholders fell 19 percent to $2.94 billion, or 28 cents per share, from $3.65 billion, or 35 cents per share, a year earlier.
Chief Executive Jeff Immelt said the company's 2010 financial "framework," which calls for 2010 earnings to be about equal to 2009 results, "quite achievable."

Jan 22 · 7:23:00 AM · Source: CNBC.com
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike

FedEx (FDX)

FedEx Q2 Earnings Drop

Federal Express said Thursday that its fiscal second quarter net profits totalled $345 million, or $1.10 a share, down from $493 million, or $1.58 a share, earned in the year-ago second quarter. Quarterly revenue fell 10% to $8.6 billion.
Fedex did say it expects stronger demand in the second half of the fiscal year.

Dec 17 · 10:54:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter


Previous · Next
Copyright © 2010 MarketBeast.com.
All rights reserved.