Boeing, US Navy Conduct Successful F/A-18E/F Satellite Communications Test

June 13th, 2012 by InvestorPoint

– New capability designed to provide 2-way secure SATCOM for Super Hornet aircrews ST. LOUIS, June 13, 2012 /PRNewswire/ — Boeing (NYSE: BA) and the U.S. Navy have successfully completed an in-flight demonstration of a satellite communications (SATCOM) system that, if implemented, will enable F/A-18E/F Super Hornet aircrews to conduct two-way, secure voice and data communications with other SATCOM-enabled aircraft, ships, ground forces and command centers. The test took place May 23-30 at the Na…continued
     

Aircastle Announces Authorization of Share Repurchase Program

May 24th, 2012 by InvestorPoint

STAMFORD, Conn., May 24, 2012 /PRNewswire/ – Aircastle Limited (NYSE: AYR) (“Aircastle”) announced today that the Company’s Board of Directors authorized the repurchase of up to $50 million of the Company’s common shares. Under the program, the Company may purchase its common shares from time to time in the open market or in privately negotiated transactions. The amount and timing of the purchases will depend on a number of factors including the price and availability of the Company’s common sha…continued
     

Air Methods to Report First Quarter Financial Results After Market Close on Thursday, May 3, 2012

April 26th, 2012 by InvestorPoint

DENVER, April 26, 2012 (GLOBE NEWSWIRE) — Air Methods Corporation (Nasdaq:AIRM) will report financial results for the first quarter ended March 31, 2012 after the close of the market on Thursday, May 3, 2012. The Company has scheduled a conference call for Thursday, May 3, 2012 at 4:15 p.m. Eastern to discuss these results. Interested parties can access the call by dialing (877) 883-0656 (domestic) or (706) 643-8826 (international) or by accessing the web cast at www.airmethods.com. A replay of th…continued
     

U.S. Air Force Places $2.4 Million Order for AeroVironment Puma AE Small Unmanned Aircraft Systems

April 18th, 2012 by InvestorPoint

AeroVironment (NASDAQ: AVAV) announced it received a firm fixed-price order valued at $2,431,440 on April 5, 2012 from the U.S. Air Force for Puma AE™ small unmanned aircraft systems (UAS) through an existing U.S. Army contract. Delivery is scheduled within two weeks. Puma AE Launch (Photo: Business Wire) “More military services are choosing the Puma system because its longer duration and more precise imagery deliver enhanced organic reconnaissance,” said Tom Herring, A…continued
     

South America cool toward U.S. free trade pact pitch?

December 20th, 2011 by InvestorPoint

SAO PAULO, Dec. 20 (UPI) — U.S. President Barack Obama is pitching for more trade with Latin America at a time when potential partners hope to extract maximum concessions out of Washington, which they see as needier than their booming economies. Obama’s aides have been pushing for a refloating of the idea of free trade agreement with Latin America since the president visited Brazil last March. Like Obama’s diplomatic initiative, outlined in November, for greater political rapport with the region, the…continued
     

The almanac

October 29th, 2011 by InvestorPoint

Today is Saturday, Oct. 29, the 302nd day of 2011 with 63 to follow. The moon is waxing. The morning stars are Mercury, Neptune, Uranus and Venus. The evening stars are Saturn, Jupiter and Mars. Those born on this date are under the sign of Scorpio. They include Scottish biographer James Boswell in 1740; singer/composer Daniel Decatur Emmett, who wrote the words and music for “Dixie,” in 1815; comedian/singer Fanny Brice in 1891; Nazi propaganda chief Joseph Goebbels in 1897; political cartoonist …continued
     

Economic Outlook: Bank on it

September 30th, 2011 by InvestorPoint

Is anyone surprised by U.S. banks lining up to announce new fees on debit cards, given the profits swiped away by a law limiting “swipe fees.” Banks, it might be said, are the monarchs of money in that, all things being equal, they don’t take no for an answer. When Congress limited the fees banks could charge for customers swiping debit cards for purchases, it was a matter of when, where and how much banks would invent a replacement fee. Did anyone have any doubts on this? Reportedly, Bank of Americ…continued
                             

USGS touts Afghan mineral wealth

September 30th, 2011 by InvestorPoint

WASHINGTON, Sept. 30 (UPI) — The 24 formations of metals and minerals in Afghanistan have the potential to provide a major boost to its economy, a U.S. Defense Department official said. The U.S. Geological Survey announced that its work with the U.S. Defense Department and the Afghan Geological Survey yielded “volumes of information” about copper, gold, iron and rare earth elements in Afghanistan. USGS Director Marcia McNutt said disclosure of the resource potential in Afghanistan might allay concern…continued
                                    

Egyptians call for end of emergency period

September 30th, 2011 by InvestorPoint

CAIRO, Sept. 30 (UPI) — Presidential candidates in Egypt demanded that emergency laws be lifted Friday, the last day of a state of emergency the ruling council declared in March. Six presidential candidates issued a statement Thursday, urging the Supreme Council of the Armed Forces not to extend the emergency law unless it provides a satisfactory reason for doing so, al-Masry al-Youm reported. The candidates said a presidential election should be conducted before the end of the year. Activists and …continued
                                           

The almanac

September 30th, 2011 by InvestorPoint

Today is Friday, Sept. 30, the 273rd day of 2011 with 92 to follow. The moon is waxing. The morning stars are Mercury, Neptune, Uranus, Venus and Saturn. The evening stars are Jupiter and Mars. Those born on this date are under the sign of Libra. They include German physicist Hans Geiger, co-inventor of the Geiger counter, in 1882; film director Lewis Milestone (“All Quiet on the Western Front”) in 1895; singer Kenny Baker in 1912; drummer Buddy Rich in 1917; novelist Truman Capote in 1924; baseba…continued
                                                   

Survey shows Afghanistan’s mineral wealth

September 29th, 2011 by InvestorPoint

KABUL, Afghanistan, Sept. 30 (UPI) — A joint U.S.-Afghanistan survey has determined Afghanistan has high mineral potential the Kabul government can develop. The U.S. Geological Survey said it participated in the survey with the U.S. Department of Defense and the Afghan Geological Survey. It said extensive research by the agencies “has yielded volumes of information about areas of high mineral potential in Afghanistan, including rare earth elements, gold, iron, and copper.” Many of the mineral priorit…continued
                                                           

Gold sits on $1,616

September 29th, 2011 by InvestorPoint

NEW YORK, Sept. 29 (UPI) — Gold prices were flat Thursday in New York with the dollar index down 0.23 percent. On the Comex division of the New York Mercantile Exchange, gold gave up $2.10 an ounce, a fraction of the $41.80 it gave up in the previous trading session. Gold on Thursday dropped to $1,616 per troy ounce with equities mixed on Wall Street. The Dow Jones industrial index rose 1.3 percent. The broader Standard and Poor’s 500 index gained 0.81 percent but technology stocks on the Nasdaq co…continued
                                                                   

Japanese auto supplier to pay $200M for price scam

September 29th, 2011 by InvestorPoint

DETROIT, Sept. 29 (UPI) — The U.S. Justice Department said a Japanese parts supplier for the automobile industry would pay $200 million to settle a case of price fixing and bid rigging. Three executives from Japan — Junichi Funo, Hirotsugu Nagata and Tetsuya Ukai — agreed to serve prison sentences that range from 12 to 18 months after pleading guilty to their part in the scam, the department said in a statement. Four separate one-count felony charges were filed in the U.S. District Court for the Ea…continued