Northrop, BAE Systems win US government contract
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NEW YORK, August 26 (New Ratings) - The US government has reportedly selected Northrop Grumman Corporation (NOC.NYS) and BAE Systems Plc (BA) to develop systems for protecting commercial aircraft from shoulder-fired missiles.
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Defense contractor Northrop Grumman  Corp. NOC.N said on Wednesday quarterly profit rose 31  percent, helped by higher government spending on its electronic  systems and lower pension costs.
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Chicago-based Boeing Co. BA.N has  won a $928 million contract to field the ground-based midcourse  defense part of a planned U.S. missile defense shield, the  Pentagon announced on Monday.
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LOS ANGELES - Defense contractor Northrop Grumman Corp.&#39;s third-quarter earnings rose 51 percent due to strength from its mission systems, integrated systems and ships and space technology segments.
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THE WINNER: Lockheed Martin Corp. beat out a competing team made up of Northrop Grumman Corp. and Boeing Co. for a contract to design and build the next-generation crew exploration vehicle, Orion, which NASA hopes returns astronauts to the moon by 2020, and later to Mars.
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Defense giant Boeing Co. BA.N has   won a $2.1 billion contract to help the Department of Homeland   Security beef up security along more than 7,500 miles of U.S.   borders with Mexico and Canada, The Washington Post reported.
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IBM has won a long-term contract from  Honeywell worth several hundred million dollars, its largest  military/aerospace engineering contract since IBM exited the  field a decade ago, it said on Monday.
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Northrop Grumman Corp. (NOC.N: Quote, Profile, Research) and BAE Systems PLC (BA.L: Quote, Profile, Research) were tapped by the Bush administration on Wednesday to develop
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WASHINGTON -- The Boeing Co., the second-biggest US defense contractor, won a $54 million contract to launch four navigation satellites for the Air Force in the second exception to a ban imposed on the company last year.
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Boeing Co. and Northrop Grumman Corp., the second- and third-biggest US defense contractors, said third- quarter earnings rose as the military boosted spending on equipment to help soldiers communicate and track enemies.
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A US company has received more than $1bn in funding to build prototype unmanned fighter aircraft for the American military.
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Lockheed Martin Corp.  has beaten L-3 Communications Holdings Inc.  to win a $1.07 billion 10-year contract for training of Air Force special operations forces and search and rescue crews.
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The Department of Homeland Security   on Thursday said Boeing Co. BA.N won a multibillion dollar   contract to improve security along the U.S. borders with Mexico   and Canada.
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Shares in BAE Systems PLC, Europe's largest defense contractor, rose Friday after a report that it is close to sealing a $40.4 billion) deal with Saudi Arabia for 20 Eurofighter Typhoon aircraft next week.
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Thales said it had won a contract from the British defence ministry for the maritime unmanned air vehicle (UAV), or drone, portion of the ministry's joint UAV experimentation programme.
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Top-tier defense contractors Northrop Grumman Corp  and General Dynamics Corp  posted higher third-quarter profit on Wednesday and raised their financial forecasts on the back of strong U.S. military spending.
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BAE Systems, the largest military contractor in Europe, said profit tripled last year as a result of expanded operations in the United States and the sale of its stake in the commercial airplane maker Airbus. BAE added that it expects continued strong growth this year, supported by increased military spending by the United States. BAE said profit last year rose to Â£1.64 billion ($3.2 billion) from Â£553 million in 2005. Revenue from continuing operations rose 9 percent, to Â£13.77 billion ($26.9 billion). The chief executive, Michael J. Turner, above, said BAE planned to use income from the sale of its stake in the European Aeronautic Defense and Space Company, the parent of Airbus, to make acquisitions.