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General Dynamics (GD)

The U.S. Army TACOM Lifecycle Management Command recently awarded General Dynamics Land Systems, a business unit of General Dynamics, $253 million for contractor logistics support of the Stryker family of combat vehicles.
Logistics support, vehicle resets and upgrades are a continuing portion of General Dynamics’ combat systems-related business. Work will be performed by existing General Dynamics employees in Alaska, Hawaii, Michigan, Pennsylvania, Texas, Washington, and overseas in Afghanistan, Germany, Iraq and Kuwait. The period of performance is March 1, 2010 through February 28, 2011.

Feb 10 · 4:33:00 PM
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by Michael Oliveto

GE (GE)

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
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by Michael Oliveto

GE (GE)

General Electric, which already has significant interests in Brazil, plans to invest an additional $118 million in the South American nation this year.
GE's plans include an building a Research and Development center that will serve all of Latin America, $50 million on a medical and diagnostic equipment factory in the state of Minas Gerais, a $35 million on an airplane engine maintenance plant in the capital Rio de Janeiro, a $12 million locomotive factory, and a $21 million deep-sea oil equipment plant.

Feb 9 · 2:36:00 PM · Source: Energy Boom
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by Michael Oliveto

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

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