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Bloomberg | Raytheon Gains In $604.5 Billion Senate Defense Bill

Raytheon Co. (RTN), the top U.S. maker of military missiles, saw millions of dollars added to its programs as part of a $604.5 billion defense budget request approved today by the Senate Appropriations Committee. The panel endorsed adding $194 million to buy more Patriot-3 missile defense interceptors. Waltham, Massachusetts- based Raytheon is the systems integrator […]

Bloomberg | Stocks Perform Better If Women Are On Company Boards

Companies with women on their boards performed better in challenging markets than those with all-male boards in a study suggesting that mixing genders may temper risky investment moves and increase return on equity. Shares of companies with a market capitalization of more than $10 billion and with women board members outperformed comparable businesses with all-male […]

Foreign Policy | The Next Generation of UAVs

In an example of how the next-generation of stealthy UAV will be here within the decade, Lockheed Martin has just revealed the Sea Ghost, an unmanned Naval strike jet. While the vast majority of the world’s current fleet of combat UAVs aren’t much more survivable against modern air defenses than a World War I bi-plane, […]

defpro | Raytheon Awarded $925 Million for Advanced Standard Missile-3

The Missile Defense Agency awarded Raytheon Company a $925 million contract for development of the Standard Missile-3 Block IIA missile, which is a co-development effort between the U.S. and Japan. “As the threat continues to evolve, so does our ability to counter that threat,” said Dr. Taylor W. Lawrence, president of Raytheon Missile Systems. “We’re […]

Reuters | United Tech Beats Street, Closes Goodrich Deal

United Technologies Corp (UTX.N) posted second-quarter profit on Thursday that topped analysts’ expectations, and closed its largest-ever acquisition, the $16.5 billion takeover of Goodrich Corp (GR.N). The higher-than-expected profit overshadowed the company’s warning that full-year earnings would be roughly flat with 2011 due to the weak European economy, as declining sales of spare parts for […]

Reuters | Northrop Grumman Raises Full-Year Earnings Outlook

U.S. defense contractor Northrop Grumman Corp (NOC.N) reported higher-than-expected quarterly earnings on Wednesday and raised its forecast for the full year, citing a spate of new orders and strong cash generation. Northrop, which builds Global Hawk unmanned surveillance planes, radars and electronic systems, said second-quarter profit fell to $480 million from $520 million a year […]

UPI | Boeing Opens Cybersecurity Lab

A new center for prototyping cybersecurity technologies has been opened in California by Boeing. Boeing said the Information Security Innovation Lab features a Wide Area Network coupled with Boeing Information Solutions’ Cyber Range-in-a-Box, allows modeling and simulation of complex missions and advanced threats for creation of security solutions. “Boeing has made substantial investments in cybersecurity […]