Archive: Aerospace & Defense

SAIC Announces New CEO is Walter Havenstein

San Diego-based Science Applications International Corp. announced this morning the retirement of its CEO Kenneth Dahlberg, who has been with the company since November 2003. "Consistent with the company's mandatory retirement policy for executive officers," Dahlberg will step down effective September 20, the science and technology contractor said in a...

By Sara Goo | June 23, 2009; 10:17 AM ET | Comments (0)

BAE Executive to Head SAIC

Walt Havenstein is stepping down after three years as chief executive of the Rockville-based U.S. arm of British defense contractor BAE to take that position at fellow contractor Science Applications International Corp. Retired Marine Gen. Tony Zinni, former commander in chief of U.S. Central Command, will be interim chief executive...

By Terri Rupar | June 22, 2009; 06:24 PM ET | Comments (0)

GeoEye Signs Deal With Google

By Frank Ahrens GeoEye said today that it has signed an exclusive contract to provide photos from its newest satellite to Google Maps. The Boeing Delta II rocket The Dulles-based satellite imaging company's existing satellites provide images to Google, Microsoft and Yahoo, but the new bird, GeoEye-1, will have Google...

By Terri Rupar | August 28, 2008; 04:38 PM ET | Comments (0)

GD buys Jet Aviation for $2.23 billon

By Dana Hedgpeth Washington Post Staff Writer General Dynamics, the major defense contractor based in Falls Church, said today that it will buy Jet Aviation, a Switzerland-based air service provider for about $2.23 billion in cash. Jet Aviation, which has 5,600 employees, provides maintenance, repair and other services on aircraft...

By Sara Goo | August 19, 2008; 09:25 AM ET | Comments (0)

General Dynamics' Profit Up 32 Percent

From the Associated Press General Dynamics of Falls Church said first-quarter profit rose almost 32 percent, led by big sales increases in the division that makes armored vehicles, tanks and combat tools. Profit was $572 million ($1.42 a share), up from $434 million ($1.06 per share) in the first quarter...

By Terri Rupar | April 23, 2008; 10:52 AM ET | Comments (0)

Lockheed Profit Up 6 Percent

From the Associated Press Defense contractor Lockheed Martin said its first-quarter earning rose 6 percent as higher sales of space equipment, missiles and other combat tools offset a dip in fighter jet sales. Lockheed, the world's largest defense supplier, said it earned $730 million ($1.75 per share), up from $690...

By Terri Rupar | April 22, 2008; 10:10 AM ET | Comments (0)

Northrop Grumman Earnings In Line With Expectations

Northrop Grumman, one of the Washington region's largest private sector employers, said its profit during the fourth quarter remained essentially flat compared with the corresponding period last year. (See the company's news release.) The Los Angeles-based defense contractor said it earned $454 million, or $1.31 a share, in the...

By Mike Shepard | January 24, 2008; 01:21 PM ET | Comments (0)

General Dynamics Fourth Quarter Profit Up 42 Percent

From the Associated Press General Dynamics said yesterday that higher sales of combat vehicles to the Army and corporate jets pushed fourth-quarter profit up 42 percent, but the defense contractor's 2008 outlook fell short of Wall Street forecasts. See the company's earnings release.) Profit at the Falls Church company rose...

By Mike Shepard | January 23, 2008; 06:48 PM ET | Comments (1)

Lockheed Martin Reports Strong Third Quarter Results

From the Associated Press Strong results across its four business units pushed third quarter earnings up 22 percent Tuesday at defense contractor Lockheed Martin, as the company beat Wall Street expectations and boosted its outlook for 2007. But the improved forecast and 2008 earnings guidance still fell shy of analyst...

By Mike Shepard | October 23, 2007; 11:53 AM ET | Comments (1)

Orbital's New Spacecraft Starts 3 Billion-Mile Trip

A NASA spacecraft designed by Dulles-based Orbital Sciences last week began a 3 billion-mile journey through the solar system toward an eventual rendezvous with two asteroids. See the company's statement. The Dawn spacecraft successfully lifted off on Thursday morning from Cape Canaveral Air Force station in Florida. Early data gathered...

By Mike Shepard | September 29, 2007; 09:29 AM ET | Comments (2)

Orbital Sciences Says Profit Up 40 Percent

Orbital Sciences, a builder of satellites and rockets for commercial and government clients, said its second-quarter profit rose 39 percent, to $13.8 million from $9.9 million a year ago, on strong sales in its primary business lines. Revenue rose 39 percent, to $273.3 million from $197 million, the Dulles-based company...

By Mike Shepard | July 18, 2007; 11:55 AM ET | Comments (0)

Justice Investigates BAE

From Reuters, about a defense contractor with a big local presence here: LONDON (Reuters) - The U.S. Department of Justice has launched an investigation of Britain's BAE Systems Plc over the defense company's compliance with anti-corruption laws, including its dealings with Saudi Arabia. Shares in BAE, Europe's biggest military contractor,...

By Dan Beyers | June 26, 2007; 08:29 AM ET | Comments (0)

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