Raytheon awarded second low-rate initial production contract for US Air Force F-15E Radar Modernization Program

September 17th, 2012 by InvestorPoint


Boeing Statement on Xiamen Airlines Commitment to Purchase 40 Next-Generation 737s

August 3rd, 2012 by InvestorPoint


A.M. Best Assigns Debt Rating to the Forthcoming Senior Notes of American Financial Group, Inc.

June 8th, 2012 by InvestorPoint

A.M. Best Co. has assigned a debt rating of “bbb+” to the forthcoming $200 million, 6.375% senior notes due June 2042 of American Financial Group, Inc. (Cincinnati, OH) [NYSE: AFG]. The ratings have been assigned a positive outlook. The positive outlook is consistent with the other existing ratings of AFG and most of its core operating insurance subsidiaries. (Please see A.M. Best’s press release dated March 29, 2012.) The net proceeds from the offering, together with …continued

Raytheon unveils reconnaissance system prototype to Canadian Army

May 30th, 2012 by InvestorPoint

Technical Services provides Canadian Land Forces with improved mission flexibility OTTAWA, May 30, 2012 /CNW/ – Raytheon Technical Services Company LLC (RTSC), a subsidiary of Raytheon Company (NYSE: RTN), recently unveiled its Light Armoured Vehicle Reconnaissance Surveillance System (LRSS) prototype to the Canadian Army in Ottawa, Ontario. Raytheon designed the LRSS to fit into the Canadian Army’s Light Armoured Vehicle (LAV)-III to provide improved flexibility allowing on-the-move inte…continued

Raytheon unveils reconnaissance system prototype to Canadian Army

May 30th, 2012 by InvestorPoint

Technical Services provides Canadian Land Forces with improved mission flexibility INDIANAPOLIS, May 30, 2012 /PRNewswire/ — Raytheon Technical Services Company LLC (RTSC), a subsidiary of Raytheon Company (NYSE: RTN), recently unveiled its Light Armoured Vehicle Reconnaissance Surveillance System (LRSS) prototype to the Canadian Army in Ottawa, Ontario. Raytheon designed the LRSS to fit into the Canadian Army’s Light Armoured Vehicle (LAV)-III to provide improved flexibility allowing on-the-mo…continued

Photo Release — Northrop Grumman Wins Top Individual and Company Awards at the 2012 National Society of Black Engineers Conference

May 25th, 2012 by InvestorPoint

FALLS CHURCH, Va., May 25, 2012 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE:NOC) employee Maria Sanchez received an award from the National Society of Black Engineers (NSBE), at their annual Conference held last month in Pittsburgh. Additionally, the company received two awards: one for the company’s long time support of the NSBE organization, and another in recognition of the company’s founding support of the Summer Engineering Experience for Kids (SEEK) program. Photos …continued

Northrop Grumman is Supplying Integrated Bridge Systems for New Swedish Coast Guard Patrol Boats

May 25th, 2012 by InvestorPoint

NEW MALDEN, England, May 25, 2012 /PRNewswire/ — Northrop Grumman Corporation’s (NYSE: NOC) Sperry Marine business unit is supplying advanced integrated bridge systems (IBS) for the new class of patrol boats being built for the Swedish Coast Guard. The IBS for the new Swedish patrol boats is based on Northrop Grumman’s advanced VisionMaster FT™ technology, which integrates the vessels’ navigation and ship control functions in a secure and redundant Ethernet network. Each vessel will be equi…continued

Guidance Software Continues Support for Innovative 2012 Georgetown eDiscovery Training Academy

May 24th, 2012 by InvestorPoint

Guidance Software Inc. (NASDAQ:GUID), the World Leader in Digital Investigations™, today announced its continued support for Georgetown University Law Center’s eDiscovery Training Academy, taking place June 3-8, 2012 at Georgetown Law. Guidance Software’s EnCase® technology has been selected for the second year in a row as the Academy’s forensic software on which students will be trained. In addition, Guidance Software’s veteran trainer, David Neal, once again w…continued

Motion picture virtual reality technology to be demonstrated as a public safety training system

May 24th, 2012 by InvestorPoint

VIRTSIM™, similar to technology used in “The Avengers,” improves how law enforcement agencies train for emergencies DALLAS, May 24, 2012 /PRNewswire/ – More than 500 public and private law enforcement and border security officials in the Dallas-Fort Worth area will be on hand to see how virtual reality technology from Raytheon Company (NYSE: RTN) and Motion Reality Inc. improves training methods with a variety of lifelike scenarios. (Photo:  http://photos.prnewswire.com/prnh/2012…continued

Elbit Systems Awarded Approximately $160 Million Contract to Supply Unmanned Aircraft Systems (UAS) to a European Country

May 22nd, 2012 by InvestorPoint

HAIFA, Israel, May 22, 2012 /PRNewswire/ — ?Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (“Elbit Systems”) announced today that it was awarded an approximately $160 million contract by a European customer, to supply Unmanned Aircraft Systems (UAS). The systems will be supplied over the next two years. Joseph Ackerman, President and CEO of Elbit Systems, noted: “More and more customers worldwide have come to the conclusion that Elbit Systems’ UAS are the ultimate solution for their operationa…continued

Raytheon awarded $57.8 million Phalanx contract

May 18th, 2012 by InvestorPoint

Agreement includes SeaRAM manufacturing LOUISVILLE, Ky., May 18, 2012 /PRNewswire/ – The U.S. Navy awarded Raytheon Company (NYSE: RTN) a contract totaling $57.8 million to overhaul and upgrade nine Phalanx Close-In Weapon Systems, and manufacture two SeaRAM anti-ship missile defense systems. The agreement also includes the purchase of 20 radar upgrade kits. “Raytheon tailors our ship self-defense systems to meet our customers’ requirements,” said Rick Nelson, vice president of Raytheon Miss…continued

Ball Aerospace Submits Solar Electric Propulsion Concept to NASA

May 16th, 2012 by InvestorPoint

BOULDER, Colo., May 16, 2012 /PRNewswire/ – Ball Aerospace & Technologies Corp. has submitted its mission concept study to NASA for demonstrating solar electric propulsion (SEP) technologies in space. (Photo: http://photos.prnewswire.com/prnh/20120516/LA08133) Ball Aerospace was one of five companies awarded up to $600,000 by NASA in September 2011, to formulate a mission concept to demonstrate the solar electric propulsion technologies, capabilities, and infrastructure required f…continued

Boeing Designs Advanced Technology Winglet for 737 MAX

May 2nd, 2012 by InvestorPoint

New technology to give MAX customers up to additional 1.5% fuel-burn reduction RENTON, Wash., May 2, 2012 /PRNewswire/ – Boeing (NYSE: BA) announced today a new winglet design concept for the 737 MAX. The new Advanced Technology winglet will provide MAX customers with up to an additional 1.5 percent fuel-burn improvement, depending on range, on top of the 10-12 percent improvement already offered on the new-engine variant. (Photo:  http://photos.prnewswire.com/prnh/20120502/SF99053) “…continued

ESCO Technologies Announces Webcast of Second Quarter 2012 Conference Call

April 19th, 2012 by InvestorPoint

ST. LOUIS, April 19, 2012 /PRNewswire/ — ESCO Technologies Inc. (NYSE:ESE) announced the following webcast: The Company’s second quarter 2012 financial results will be released on May 9 at approximately 3 p.m. Central Time, followed by the conference call/webcast at 4 p.m. Central Time where the financial results and related commentary will be discussed. Please access the Company’s website at least 15 minutes prior to the call to register, download, and install any necessary audio software. …continued

Photo Release — Northrop Grumman Appoints Robert A. Carr as Corporate Lead Executive for Fort Meade and Aberdeen, Maryland

April 12th, 2012 by InvestorPoint

ABERDEEN, Md., April 12, 2012 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE:NOC) announced today that it has appointed Robert A. Carr, U.S. Army Brig. Gen. (retired), corporate lead executive (CLE) for company business in Fort Meade and Aberdeen, Md. Carr reports to Jack Dorsett, vice president of cybersecurity and command, control, computers and communications (C4), Corporate Government Relations. A photo accompanying this release is available at http://media.globenewswire.com/n…continued

Pentair Declares Quarterly Cash Dividend

April 12th, 2012 by InvestorPoint

MINNEAPOLIS, April 12, 2012 /PRNewswire/ — Directors of Pentair, Inc. (NYSE: PNR) declared a regular quarterly cash dividend of 22 cents per share payable May 11, 2012 to shareholders of record at the close of business on April 27, 2012. About Pentair, Inc. Pentair (www.pentair.com) is a global diversified industrial company headquartered in Minneapolis, Minnesota. Pentair Water and Fluid Solutions is a leading provider of innovative water and fluid processing products and solutions used in a wid…continued

Gulf arms sales vital for U.S. companies

November 15th, 2011 by InvestorPoint

DUBAI, United Arab Emirates, Nov. 15 (UPI) — The Pentagon’s reported plan to sell the United Arab Emirates nearly 5,000 bunker-buster bombs to counter Iran is part of a move to strengthen Arab monarchies of the Persian Gulf as the U.S. withdrawal from Iraq nears completion. But it’s also a lifesaver for U.S. defense contractors who’re having to rely on exports to keep assembly lines running because of hefty cuts in military spending at home after the feeding frenzy of the post-Sept. 11 era. “The defe…continued

Elbit introduces target acquisition system

October 6th, 2011 by InvestorPoint

HAIFA, Israel, Oct. 6 (UPI) — Elbit Systems of Israel has unveiled an unattended day/night target acquisition system designed for special operations forces and tactical intelligence. The system, called Engager, features all target acquisition systems elements enclosed in a single, man-portable system designed for concealed and unattended operation. Sensors include a daylight television and a compact, low-power cooled thermal imager. Both fitted with a zoom lens, enabling vehicular target recognition …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

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

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

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