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Continental Airlines (CAL)

Continental Airlines (NYSE: CAL) today announced the expansion of its mobile boarding pass service to London's Heathrow Airport, becoming the first carrier to offer paperless boarding passes on nonstop flights from the United Kingdom to the U.S. The service allows customers to receive boarding passes electronically on their cell phones or PDAs and eliminates the need for paper boarding passes. Mobile boarding passes display a two-dimensional bar code along with passenger and flight information, which scanners at the security checkpoint and boarding gate validate. The technology prevents manipulation or duplication of the boarding passes and heightens security.
Continental was the first carrier to offer paperless boarding passes in the U.S. in a pilot program with the Transportation Security Administration that began in December 2007. The airline currently offers mobile boarding passes at 42 airports, including its hubs in New York, Houston and Cleveland. Continental was the first U.S. carrier to offer mobile boarding passes from an international destination when it launched the service at Frankfurt Airport late last year.

Feb 26 · 1:48:00 PM · Source: Company Press Release
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by Steve Wieczorek

AMR (AMR)

AMR Corp. (NYSE:AMR) subsidiary American Airlines, and all of the major US airlines are taking a more cautious, though varied, approach to fuel hedging this year, after incurring blistering losses from hedges in 2008 when oil prices spiked then tumbled, according to AirWise. At the beginning of this year, American Airlines had hedged 24 percent of its full-year fuel requirements, down from 35 percent at the same time last year for the whole of 2009. Currently for 2011 only a small percentage is hedged.
"We know what can happen when market conditions change or market sentiments change. We still cast a very cautious eye on oil prices," Tom Horton, chief financial officer of American Airlines parent AMR, told the Reuters Travel and Leisure Summit this week.

Feb 26 · 1:38:00 PM · Source: AirWise
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by Steve Wieczorek

Fluor (FLR)

Fluor Corporation reported for the full year 2009 earnings of $148.7 million, or $0.83 per share, on sales of $5.479 billion. That compares to the prior year earnings of $189.5 million, or $1.04 per share, on sales of $6.071 billion.
"Fluor's strong earnings in 2009, including great performance from the Oil & Gas, Power and Government segments, were surpassed only by our record results in 2008," said Chairman and Chief Executive Officer Alan Boeckmann. "Regarding current market conditions, while we are encouraged by the notable uptick in front-end engineering activity, we continue to experience uncertainty as overall capital investment in most industrial markets lags behind pre-recession levels."

Feb 25 · 10:34:00 PM · Source: Company Press Release
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by Michael Oliveto

Deere & Company (DE)

Deere & Company today announced that it will review strategic options for its wind energy business and has retained Goldman, Sachs & Co. as exclusive financial advisor to assist in the initiative.
Deere said no formal decisions have been made and no agreements have been reached concerning the company's long-term investments in wind energy projects that are either operational or in development in several states of the U.S. Deere has been involved in the financing, development, and ownership of wind energy projects for the past five years and has become a leader in project development, management, and financing of wind energy projects in rural U.S. communities. Currently, Deere has 34 wind energy projects in seven states with operational capacity of 706 megawatts. In addition, the company has numerous wind energy projects in development.

Feb 25 · 9:18:00 PM · Source: Company Press Release
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by Michael Oliveto

Honeywell (HON)

Honeywell announced today that its 12th Turbine-Powered Civil Helicopter Purchase Outlook projects flat overall deliveries of new civil use helicopters during the five-year period 2010 – 2014 compared to the 2005 - 2009 period.
Continued soft economic growth prospects in key markets, lingering tight credit conditions, high inventories of used current production models for sale, and weak new order intake are still constraining growth.

Feb 25 · 8:57:00 PM · Source: Company Press Release
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by Michael Oliveto

Republic Airways (RJET)

Republic Airways Holdings Inc. (NASDAQ: RJET) announced today it has signed a purchase agreement for 40 Bombardier CS300 jets, part of the next-generation CSeries aircraft, worth $3.1 billion. According to Reuters and Bombardier, Republic also has options for up to an additional 40 aircraft. The aircraft, which will be configured in a single-cabin, with two-by-three seating for 138 passengers, including 25 stretch seats, is scheduled for delivery beginning in the second quarter of 2015. The aircraft are powered by Pratt & Whitney division of United Technologies Corp (NYSE:UTX) PW1000G engines. Republic has signed an exclusive 15-year PureSolution maintenance contract with Pratt & Whitney for the support of the engines.
"Republic is pleased to be the North American launch customer for the CSeries aircraft," said Bryan Bedford, chairman, president and CEO of Republic Airways. "This aircraft will bring next-generation advantages to all phases of its mission, including passenger comfort, dependability, efficiency and economics."

Feb 25 · 4:22:00 PM · Source: Reuters
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by Steve Wieczorek

Raytheon (RTN)

In a significant production milestone, Raytheon delivered the 2,000th Tomahawk Block IV cruise missile to the U.S. Navy.
Tomahawk Block IV's technologies provide a tactical capability while reducing acquisition, operation and support costs. Tomahawk Block IV employs a two-way satellite datalink that enables a strike controller to flex the missile in flight to preprogrammed alternate targets or redirect it to a new target. This targeting flexibility includes the capability to loiter over the battlefield and await a more critical target.

Feb 25 · 4:14:00 PM · Source: Reuters
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by Michael Oliveto

Lockheed Martin (LMT)

Additional equipment is being developed to support early integration and testing of a revolutionary tactical network that will provide warfighters in the air, on land and at sea with secure, interoperable communications. The Lockheed Martin team developing the Airborne, Maritime/Fixed Station Joint Tactical Radio System (AMF JTRS) has received a contract option to increase the number of engineering development models (EDM) by 60 percent.
AMF JTRS, an encrypted IP-enabled network, will provide joint forces with real-time, non line-of-sight tactical voice, video and data communications. The network will be developed in two form factors, or radio types: AMF-Small Airborne and AMF-Maritime/Fixed Station. Under this contract option, the team will provide additional EDMs of the AMF-Small Airborne form factor (to include radios and ancillaries) which will be used to test the AMF capability for platform specific missions. Airborne platforms slated for early integration include Army AH-64D Apache, CH-47F Chinook, and UH-60M Blackhawk helicopters as well as Air Force C-130 AMP and AC-130U fixed wing aircraft.

Feb 25 · 4:11:00 PM · Source: Company Press Release
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by Michael Oliveto

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