Jeppesen and the Aircraft Owners and Pilot Association team up to launch 2017-18 Captain Jepp Challenge

– Second year of program challenges pilots to sharpen their aviator skills, offers chance at prizes for participation in learning opportunities

OSHKOSH, Wis., July 26, 2017 /PRNewswire/ — EAA AIRVENTURE — Boeing [NYSE: BA], through its subsidiary Jeppesen, and the Aircraft Owners and Pilot Association (AOPA) recently announced the second year of the “Captain Jepp Challenge” program at EAA AirVenture to encourage continued pilot learning and the enhancement of flying skills. Participants in the program will register to attend free, in-person or online seminars, forums, educational courses and webinars throughout the year to earn program points and be eligible for prize drawings.

http://adn.firetrench.com

Continue reading

Lockheed Martin Delivers First HIMARS Vehicle Produced 100 Percent in Camden, Arkansas

DALLAS, July 26, 2017 /PRNewswire/ — Lockheed Martin (NYSE: LMT) has delivered the first High Mobility Artillery Rocket System (HIMARS) launcher in which both the chassis and launcher components were manufactured at its facility in Camden, Arkansas. In the past, the HIMARS five-ton chassis were Government Furnished Equipment to Lockheed Martin.

Continue reading

Living in Deep Space: Lockheed Martin to Build Full-Scale Prototype of NASA Cislunar Habitat

NextSTEP-2 Prototype to Engineer How Astronauts Live and Work at NASA’s Deep Space Gateway

CAPE CANAVERAL, Fla., July 20, 2017 /PRNewswire/ — Refurbishing a shuttle-era cargo container used to transfer cargo to the International Space Station, Lockheed Martin (NYSE: LMT) is prototyping a deep space habitat for NASA at Kennedy Space Center. This prototype will integrate evolving technologies to keep astronauts safe while onboard and operate the spacecraft autonomously when unoccupied.

Continue reading

Lockheed Martin F-35s Surpass 100,000 Flight Hours, System Development and Demonstration Completion On Track

FORT WORTH, Texas, July 24, 2017 /PRNewswire/ — The Lockheed Martin (NYSE: LMT) F-35 Lightning II fighter aircraft fleet recently exceeded 100,000 flight hours while the F-35 Integrated Test Force teams are completing the remaining requirements in the program’s System Development and Demonstration (SDD) phase.

Continue reading

Boeing Reports Strong Second-Quarter Results; Raises EPS and Cash Flow Guidance

CHICAGO, July 26, 2017 /PRNewswire/ —

  • GAAP EPS of $2.89 and core EPS (non-GAAP)* of $2.55 on solid execution across the company
  • Strong operating cash flow of $5.0 billion; repurchased 13.6 million shares for $2.5 billion
  • Revenue of $22.7 billion reflecting 226 commercial and defense aircraft deliveries and services
  • Backlog grew to $482 billion, including $27 billion of net orders during the quarter
  • Increased guidance for GAAP EPS $0.75 and core EPS (non-GAAP)* $0.60 on improved performance and tax
  • Raised operating cash flow guidance by $1.5 billion and lowered capital expenditures guidance by $300 million
http://adn.firetrench.com

 

Table 1. Summary Financial Results Second Quarter First Half
(Dollars in Millions, except per share data) 2017 2016 2017 2016
Revenues $22,739 $24,755 $43,715 $47,387
GAAP
Earnings/(Loss) From Operations $2,535 ($419) $4,559 $1,369
Operating Margin 11.1% (1.7)% 10.4% 2.9%
Net Earnings/(Loss) $1,761 ($234) $3,212 $985
Earnings/(Loss) Per Share $2.89 ($0.37) $5.22 $1.51
Operating Cash Flow $4,950 $3,190 $7,044 $4,465
Non-GAAP*
Core Operating Earnings/(Loss) $2,212 ($488) $3,921 $1,206
Core Operating Margin 9.7% (2.0)% 9.0% 2.5%
Core Earnings/(Loss) Per Share $2.55 ($0.44) $4.55 $1.35

Continue reading

AeroVironment Participates in Contract Signing Ceremony for Australian Defence Force Wasp AE Package

  • Three-year contract includes AeroVironment Wasp® AE systems, plus multi-year training and support
  • Australian-based companies XTEK Limited, Sentient Vision Systems and General Dynamics Mediaware to provide added capabilities for Wasp AE and local support
  • AeroVironment now supports more than 40 allied countries with its family of small unmanned aircraft systems

 

Canberra, Australia, July 25, 2017 – AeroVironment, Inc.  (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS) for both military and commercial applications, today participated in a signing ceremony here for the formal execution of contracts (first announced June 1, 2017) to deliver Wasp® AE unmanned aircraft systems (UAS) to the Australian Defence Force (ADF) over a three-year period commencing July 1, 2018.

http://adn.firetrench.com

Continue reading