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General Dynamics (GD)

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, delivered USNS Matthew Perry (T-AKE 9) to the U.S. Navy. The ship is named in honor of Commodore Matthew C. Perry (1794-1858), the U.S. Navy officer who established American trade with Japan in the mid-19th century.
NASSCO began construction of USNS Matthew Perry in April 2008. The 689-foot-long supply ship will serve under the Navy's Military Sealift Command. The ship is capable of delivering almost 10,000 tons of dry cargo and petroleum products at one time to U.S. Navy and allied ships underway at sea.

Feb 25 · 4:08:00 PM · Source: Reuters
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by Michael Oliveto

United Technologies (UTX)

Pratt & Whitney, a division of United Technologies, will provide exclusive power for 40 firm and up to 40 options for new Bombardier CSeries* aircraft ordered by Republic Airways as part of a contract announced today. The agreement represents 80 firm PW1000G engines for CSeries aircraft with six spare engines. In addition, Republic has signed an exclusive 15-year maintenance contract with Pratt & Whitney for these engines.
"We are excited about the future of the Bombardier CSeries jetliner family," said Bryan Bedford, Republic Airways' Chairman, President and Chief Executive Officer. "Market studies carried out by ourselves and other organizations see a large worldwide demand for aircraft in the 100- to 149-seat category over the next two decades, and the CSeries jetliner family is a perfect fit."

Feb 25 · 4:02:00 PM · Source: Reuters
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by Michael Oliveto

Gulfstream International Group Inc (GIA)

Gulfstream International Group Inc. (AMEX: GIA) said it had been held in default by its principal aircraft lessor, Raytheon Aircraft Credit Corp. (RACC), but later met a Feb. 19 deadline, averting other potential defaults, according to an 8-K filing with the U.S. Securities and Exchange Commission, reported by CitybizlistBoston. Gulfstream said it is reviewing nonbinding offers of short-term debt financing to meet near-term liquidity requirements. It also has hired an investment bank to raise fresh capital from sale of equity.
The Fort Lauderdale-based airline leases 21 Beech 1900D aircraft from Wichita, Kansas based RACC, a subsidiary of Raytheon Corp. (NYSE: RTN), headquartered in Waltham, Mass. The default on two agreements, signed in 2003 and 2006, occurred when it missed scheduled February payments.

Feb 25 · 3:58:00 PM · Source: CitybizlistBoston
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by Steve Wieczorek

3M Company (MMM)

3M Health Information Systems has released 3M™ Mobile Dictation Software on the iPhone® platform, giving physicians greater control over their dictation workflow. The advanced mobile application, also available on the BlackBerry® and Windows Mobile® platforms, offers physicians the freedom of using a single device for phone, email, and dictation, and provides “anytime, anywhere” access via Wi-Fi or 3G wireless service.
Using 3M Mobile Dictation, physicians can dictate notes, view patient lists, and display current patient information on the smartphone screen, saving time and freeing them to focus on patient care. The software provides always-on connectivity, eliminating the need to synchronize smartphones to a dictation system, and is enhanced with a full range of security features that fulfill HIPAA and hospital-specific guidelines for encryption and authentication.

Feb 25 · 3:55:00 PM · Source: Company Press Release
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by Michael Oliveto

GE (GE)

GE Intelligent Platforms today announced that its breakthrough process control solution, Proficy® Process Systems, was chosen by China Baogang Group’s subsidiary Barun Mining Co. Ltd. for use in the company’s iron mining business in China. The company chose GE’s solution to facilitate product quality improvement, optimize production and reduce cost.
China Baogang is one of the largest equipment manufacturers in China, involved in the construction of metallurgical, infrastructural facilities, and other industrial projects. The company also provides geo-technical engineering construction, industrial and civil construction, rock and earthwork excavation, equipment installation, and steel structure fabrication and installation services.

Feb 25 · 3:49:00 PM · Source: Company Press Release
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by Michael Oliveto

China Eastern Airlines (CEA)

China Eastern Airlines Corp. (NYSE:CEA), the nation’s second-largest carrier, denied a media report saying it’s seeking to sell a 20 percent stake to investors in the Middle East and Europe. “There’s no such plan,” Board Secretary Luo Zhuping said today, denying an Emirates Business report. He declined to comment on whether the carrier had resumed talks with Singapore Airlines Ltd. on a share sale.
China Eastern is on the look out for strategic investors in the Middle East and Europe, Emirates Business said today, citing Xu Zhao, Chief Financial Officer of parent China Eastern Air Holding Co. The Shanghai-based carrier failed to sell a 24 percent stake to Singapore Air and its parent in 2008. China Eastern is “actively seeking a strategic investor” and would like to find a partner this year, President Ma Xulun said. In addition, China Eastern Airlines is in advanced talks with AMR Corp (NYSE:AMR), American Airlines parent to bring it into the Oneworld alliance, AMR's Chief Financial Officer Tom Horton said on Wednesday.

Feb 25 · 3:48:00 PM · Source: Businessweek.com
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by Steve Wieczorek

Boeing (BA)

Boeing and United Airlines have finalized an order for 25 787-8 jetliners. The agreement includes the opportunity to purchase another 50 Dreamliners. The order is valued at $4.2 billion at average list prices.
United expects to take delivery of the 787s at the same time it will begin to retire its Boeing 747s and 767s operating on international routes. "Boeing and United Airlines share an 80-year partnership," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes. "United, which launched the Boeing 777, now begins a new chapter with the 787 Dreamliner, the most technologically advanced commercial jetliner ever built."

Feb 25 · 3:44:00 PM · Source: Company Press Release · Related: UAL Corp.
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by Michael Oliveto

Boeing (BA)

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

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