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Boeing (BA)

The president of Sea Launch Co. says he expects Boeing to drop all or most of its ownership of the satellite-launching business.
Kjell Karlsen heads Long Beach, Calif.-based Sea Launch, which filed for bankruptcy protection in June. He said in Thursday's Los Angeles Times that he doesn't expect Boeing to commit any more capital but the aerospace giant is likely to continue as a supplier. Boeing Co. spokesman Joe Tedino declined to speculate on the company's future with Sea Launch. Chicago-based Boeing owns 40 percent of the company.

Nov 12 · 3:04:00 PM · Source: Forbes
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by Michael Oliveto

United Technologies (UTX)

United Technologies Corp. (NYSE:UTX), today announced it has reached an agreement to purchase the GE Security business from GE (NYSE: GE) for $1.82 billion. The closing is pending regulatory approvals. GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms, and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.

Nov 12 · 2:31:00 PM · Source: Company News
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by Larry Etter

Boeing (BA)

Boeing has been awarded a $72 million U.S. Air Force contract for more than 2,900 Joint Direct Attack Munition (JDAM) tail kits.
Boeing will deliver the kits in 2011 and 2012. The Lot 14 production order is the second one-year option of a six-year contract Boeing received in January 2008.

Nov 11 · 4:53:00 PM · Source: Reliable Plant
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by Michael Oliveto

United Capital Corporation (AFP)

United Capital Corp. today reported third quarter net income was $1.6 million or $.18 per basic share, compared to a net loss of $7.0 million, in the corresponding quarter in 2008. Third quarter total revenues were $14.7 million, compared to $18.5 million in last year's third quarter.

Nov 11 · 10:48:00 AM · Source: Company News
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by Larry Etter

Rockwell Collins (COL)

The U.S. Navy has awarded a four-year production contract to Rockwell Collins for ARC-210 radios. The contract has a potential value of $450 million over the four-year life of the program.

Nov 11 · 10:41:00 AM · Source: Company News Release
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by Larry Etter

Tyco International, Ltd. (TYC)

Tyco International Tuesday said its fiscal fourth quarter earnings were $205 million, or 43 cents a share, down from $434 million, or 91 cents, a year earlier. Excluding items such as restructuring charges, earnings from continuing operations fell to 61 cents from 81 cents. Revenue fell 16% to $4.4 billion and 12% on an organic basis, which usually excludes acquisitions, divestitures and currency exchange.
Results top Wall Street expectations.

Nov 10 · 10:41:00 AM · Source: Company News Release
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by Larry Etter

Fluor (FLR)

Flour Corp. Monday said its third-quarter net profit fell to $162 million, or 89 cents per share, from $182 million, or $1.00 per share, in the same quarter a year before. Revenue fell 4 percent to $5.42 billion.
Analysts had expected 90 cents per share on revenue of $5.49 billion,

Nov 9 · 7:17:00 PM · Source: Company News
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by Larry Etter

Boeing (BA)

Boeing announced that it delivered the Royal Australian Air Force’s (RAAF) third F/A-18F Block II Super Hornet three months ahead of schedule on Sept. 30, after completing production on the multirole fighter at Boeing Integrated Defense Systems’ St. Louis facility.
“Successful early delivery of these aircraft is a direct result of the great teamwork between Australia’s Defense Materiel Organization, the Royal Australian Air Force, the U.S. Navy, Boeing and the entire Hornet Industry Team.”

Nov 9 · 4:26:00 PM · Source: Chicago Press Release
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by Michael Oliveto

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