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Caterpillar (CAT)

Caterpillar Inc. today announced its intent to join the FutureGen Alliance, a public-private partnership established to build a first-of-its-kind coal-fired, near-zero emissions power plant in Mattoon, Illinois.
The FutureGen facility is designed to be the cleanest coal burning plant in the world and will integrate advanced technologies for coal gasification, electricity production, emissions control, carbon dioxide (CO 2) capture and permanent storage and hydrogen production on a commercial scale.

Feb 9 · 2:30:00 PM · Source: Company Press Release
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by Michael Oliveto

Boeing (BA)

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
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by Michael Oliveto

GE (GE)

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
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by Rich Pike

Lockheed Martin (LMT)

The U.S. Navy conducted a successful test flight December 19 of a Trident II D5 Fleet Ballistic Missile (FBM) built by Lockheed Martin (LMT). The Navy launched the unarmed missile from the submerged submarine USS ALASKA (SSBN 732) in the Atlantic Ocean.
This test marked the 130th consecutive successful test flight of the Trident II D5 missile since 1989 continuing a 20-year record of reliability that is unmatched by any other large ballistic missile or space launch vehicle.

Jan 1 · 2:49:00 PM · Source: PR Newswire
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by Michael Oliveto

Lockheed Martin (LMT)

The second Lockheed Martin F-35B Lightning II short takeoff/vertical landing (STOVL) stealth fighter arrived today at Naval Air Station Patuxent River, Md.
U.S. Marine Corps Maj. Joseph T. "O.D." Bachmann piloted the aircraft nonstop from Lockheed Martin's Fort Worth, Texas, plant to Patuxent River, successfully completing aerial refueling en route. "Pax River is ready to begin the extensive four-year flight test campaign to help field the future of Marine Corps and Navy Aviation," said Dan Crowley, Lockheed Martin EVP and F-35 program general manager. "Over the next year, an integrated government/industry test team will ramp up the flight test at Pax River for the F-35B STOVL variant and F-35C carrier variant, and at Edwards Air Force Base, Calif., for the F-35A conventional takeoff and landing variant."

Jan 1 · 2:47:00 PM · Source: PR Newswire
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by Michael Oliveto

Honeywell (HON)

Honeywell Aerospace officials said that the 265-person layoff reported to the state of Arizona stems from work being shifted from Phoenix to locations in Mexico and Czech Republic.
Honeywell spokesman Bill Reavis the action is part of a 700-postion shift of aerospace positions from Phoenix to Chihuahua, Mexico, and Olomouc, Czech Republic.

Jan 1 · 2:43:00 PM · Source: MSN Money
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by Michael Oliveto

Honeywell (HON)

Pioneer Corp. has reached a patent agreement with Honeywell granting it the right to use Pioneer's technology for automotive and portable GPS navigation devices. The agreement also grants to Pioneer the right to use Honeywell's patented technology for navigation devices.
Pioneer had filed a complaint with the International Trade Commission against Honeywell and Garmin International Inc. for infringing Pioneer's GPS navigation patents, including U.S. Patent Nos. 5,424,951 and 6,122,592. Honeywell will be released from the matter while the investigation against Garmin will continue. In a separate investigation at the ITC begun by Honeywell against Pioneer and others more than one year ago, Pioneer received a favorable ruling from the Administrative Law Judge. It was found that Pioneer products do not infringe any valid claim of the asserted Honeywell patents. The matter will now be terminated following ITC approval.

Jan 1 · 2:41:00 PM · Source: EE Times Asia
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by Michael Oliveto

General Dynamics (GD)

General Dynamics Ordnance and Tactical Systems has been awarded a $6.1 million modification to a previously awarded defense contract.
The contract is for logistics for expeditionary fire support system transportable vehicles, a U.S. Department of Defense release said.

Dec 31 · 3:57:00 PM · Source: MSN Money
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by Michael Oliveto

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