loans no credit checks no guarantor nz
honda lease deals with no money down
home equity loans in connecticut
private loan lenders in usa
long term loan guaranteed approval
property loan from lic
cimb personal loan interest 2014
cda loan program maryland
no interest car loan
nline loans
career development loans from banks
emergency cash loan manila
eb5 loan program
how do i get a cash advance on my credit card
lenders reverse closing services llc
through the taking of deposits and making loans banks
student loan lawyer portland oregon
payday loans washington mo
microcredit loan application
fifth third bank education loans
3 month loans for unemployed
how to get a home loan with little money down
get financing for a car with bad credit
how long does it take to be pre approved for a mortgage loan
money lending companies in india
how to get old loan agreement numbers
private home equity loans for bad credit
us fast cash payday loan
concord loans
rams home loan borrowing calculator
southern pacific loans address
rediff money home loan calculator
citi financial loans united states
disabled loans uk
money knowledge power
rent a center cash advance loans
australian central savings and loans online banking
service loans in jasper tx
advance cash personal
payday loans northern colorado
legal funding loans
catholic business loans
already have payday loan need another
quicken loans kansas city
mass effect 3 multiplayer quick money
loans for bad credit over 12 months
zemans jewelry and loan
is a simple interest auto loan good
find a cosigner for personal loan
getting a loan vs credit card
same day 12 month loan
get a loan guaranteed with bad credit
private loan laws
cash now 88
personal loan from private money lender
how to check credit file online
national student loan location
loand com
guarantor loans norwich
student loan nz ird
home loans for divorced mothers
cta teacher home loans
payday fast level
missouri loan center monett mo
why is it so hard to get a loan modification
fremont federal credit union student loans
how to make money with the stock market quickly
loans to non depository financial institutions
catholic university student loans
instant short term loans online south africa
forgiving educational loans
payday loans and check cashing store hilo
pay day loans no credit
home loans for challenged credit
loan logic albuquerque nm
fdic special mention loan definition
what is loans
education loan finance company
reviews for check into cash online
fast cash riverside ca
need a payday loan asap with bad credit
no job lenders
no credit check mobile homes mississippi
how to make quick and easy money on runescape
speedy cash payday advances
how to get fast money on runescape for non members
student loans acquired during marriage
lending money in islam
4000 cash advance
disabled veteran installment loan
how much do i qualify for a home loan
how long to pay back 5000 loan
kzst cash call
can i get a car loan from a credit union with no credit
african bank loan
african bank personal loan calculator
instant approval personal loans for bad credit
investing student loan money
motor club of america payday
online short term loans with no credit check
1099 for credit card cash back
where can i get a personal loan for 5000
how to get a 700 credit score in 90 days
payday advance loans how they work
hitachi loans complaints
where to cash check after hours
advanced learner dictionary online
great american title loans montgomery alabama
easy money online app
spring personal loans limited
one hour payday loans bad credit
usda nursing home loans
loan max bluefield va
getting a loan at money mart
how do i find a list of my student loans
how to get a bank loan with bad credit uk
quick and easy loans bad credit
emergency loans from banks
westpac home loans wa
red cross medical loans guildford
loan to deposit 100
highland loan source plano
credit fraud monitoring
balloon loans definition
lending test investment test service test
ebt emergency cash
can i borrow money from a chinese bank
50k personal line of credit
private payday loans
personal loans in yukon ok
payday loan greenville sc
quick and easy loan.com
personal loan no bank account required
car loans in chicago il
last day to pay taxes in usa
car title loans portsmouth nh
capital one car loan
loan store aurora il
list of savings and loans banks
how to get help for depression with no money
how to get money fast in webkinz
cheques for credit cards
home loan qualifications guidelines
12 months loan uk
loans held for sale mark to market
punjab national bank cash deposit slip
how to get easy money in bioshock 2
home loan lic vs axis
beneficial loan payment of interest
how do you get a loan in simcity deluxe
christian pay day loans
no upfront fee hard money loans
professional finance services greeley colorado
i need cash now commercial bus
personal loan from multiple banks
finance online journals
personal loan companies in newnan ga
the loved ones mthai 26
get paid last working day month
loan writer jobs sydney
online payday loans ca
bad credit loans for employed
harp loan requirements wells fargo
i need a payday loan in nc
credit loan approval
term loan project report
mortgage loan denial form
how can i get a loan in an hour
i pay my bills
cash advance on ms credit card
secured loan debt consolidation
transaction type atm cash advances or bank transaction
hot topic hot cash no receipt
credit union loans calculator drogheda
university of phoenix loan defaults
where can i get a mortgage loan with bad credit
appeal budgeting loan decision
hardship loan bad credit
help with plain green loan
career that makes a lot of money thats easy
pnc unsecured loan application
magnum cash adv credit
samsung galaxy s advance price in malaysia now
loans with bad credit denver
bad credit online loans in south africa
maybank loan repayment table
undergraduate education loans
short term loan to improve credit
life insurance cash back deals
easy ways to get money uk
how to find your total amount of student loans
commonwealth bank home loan deposit percentage
hard money loans tucson az
quick money to paypal
pay credit card bills using credit card
money lenders limerick
payday loan glendora ca
free legal advice on loans
acs deaf loan
cash with us rapid city sd
legit car loans for bad credit
student loans and home financing
business cash advance lenders
your loan faster
can i get a payday loan with a cash card
arkansas cash fast loan
title loans in waynesboro pa
cash personal cheques uk
how to get out of a cash advance loan
ez payday advance manhattan ks
govt of orissa finance department festival advance
credit cards for fair credit instant approval
todayloan com
cheapest personal loans calculator
sample letter of advance money
24 loans repayment
reviews for loan up
personal loans colorado springs bad credit
space coast loans
great american cash advance meridian ms
auto loan from golden 1
farm loans pa
lone star title loan in dallas tx
how to make 8000 dollars fast
bpi direct personal loan
farm loans ks
bad credit loans monthly payments
send money online using credit card western union
need payday loan leads
bond loans housing nsw
apply for grad plus loan online
cash fast title loans fort mill sc
3000 loan with bad credit canada
cash loan with no employment verification
best secured loans
car loans interest rate malaysia
direct loan account management
advance paycheck.com
gold loan providers in pune
payday advance tucson
ge personal loan singapore
payday loans antioch ca
welcome finance slough
dollar loan center headquarters
ut austin loans
quick cash loans caldwell idaho
easy way to make money in runescape 2014
personal loans you pay back monthly
loans march 31
cash advance for discover card
car credit guaranteed
new payday lenders uk no credit check
immedate payday loans no depoust
paydayuk faster payments
better than payday loan
maine short term loans
auto loan rates madison wi
chase manhattan home loans
i need a 400 loan
payday loans coolidge az
financing with ford
lic education loans
yayasan pahang study loan
get a personal loan with bad credit canada
payday loan locations houston
al rajhi bank personal loan requirement
kcb personal loan application form
where to cash checks in el paso
bad credit personal loans for 10000
state texas student loan 4
paycheck advance sun valley nevada
how to get easy money from the government
medical debt consolidation loans
no interest home loan
payday loan cash loan
loan with bad credit no fee
installment loan laws in wisconsin
30 month loan calculator
get my credit score online
bad credit and need a personal loan
cash fast northglenn
juvenile cash money net worth
payday loans in yucaipa
no credit check payday loans jackson ms
e loan israel
small business loans in orlando
easy loans nz bad credit
get approved for cash loan instantly
bad credit car loan albany ny
payday two gamestop
bank america personal loan qualifications
how long will harp loans be available
easy ways to make money with your pc
45000 loan bad credit
personal loan places in greenville nc
500 quick cash
arkansas bond loan
edinburgh council business loans
3000 unsecured loan
car loans calculator payments

Commercial Air Sales Turn EADS Back to Profitability

Sales of their Airbus commercial airliners has somewhat tempered EADS (EADS:P) feelings about losing the KC-X contract to rival Boeing (BA). In the last year thanks to large orders the European aerospace company returned to profitability after a few years of struggles.

Revenue in 2010 was over $60 billion and the company earned a profit of around $1.5 billion. The company has also been able to increase its cash holdings dramatically with an eye on expanding U.S. defense business through acquisitions.

Boeing and EADS unlike other large defense contractors do have the commercial aviation market to help temper ups-and-downs in military spending. They are though soon to be facing more competition from companies like China’s CAI who especially want to enter there own domestic airline market.

EADS has carefully looked at different potential acquisitions in the U.S. to help grow its nascent defense work there. Certainly they now have the necessary funds to do even a rather large one although something like buying Northrop Grumman’s (NOC) shipbuilding group would seem a little too large and ambitious. EADS will most likely target a medium sized defense contractor who provide services or limited hardware.

Major Defense Contactors Post Mixed Results

The latest quarterly earning reports are starting to come out from the big United States defense contractors and they have had mixed results. In many cases earnings and revenues are down although profits have been steady. Boeing (BA) due to issues with its commercial aviation side had a drop and did not perform as well as its peers.

Due to the ongoing delays with the 787 advanced airliner and the 747-800 transport aircraft both of which continue to have delayed entry into service as well as some declines in defense business Boeing reported an eight percent decrease in earnings. They were only about $1.16 billion or a decline of over $100 million from the previous year’s quarter. Revenue also dropped a similar amount to $16.55 billion. Boeing’s guidance for the full year is now below analyst expectations.

General Dynamics (GD) on the other hand had a banner quarter. Profits and earnings increased almost twenty percent. Much of this was driven by demand for their commercial Gulfstream corporate jets. The company also said that for the year earnings would improve over sixty cents a share.

Raytheon (RTN) also announced improved results. Earnings were higher then projected at $1.47 a share much higher then the estimated $1.16 although net income were down about five cents at $1.25. Even so the company is projecting that annual results will be slightly higher then last years. Sales in the quarter were up slightly to almost $7 billion.

Lockheed Martin (LMT) the lead contractor for the struggling Joint Strike Fighter (JSF) program which has seen delays and cost adjustments by the Defense Department posted mixed results. Revenue was up but earnings down slightly but missed analyst’s projections. Lockheed was helped by the award of the LCS contract for up to ten ships. The company predicts that 2011 annual earnings will be almost a dollar below 2010.

Northrop Grumman (NOC) has delayed its earning announcement a week until 9 February. Read into that what you may and in the same announcement Northrop reiterated its desire to separate its shipbuilding division from the main company.

Results were rather a mixed bag and depended upon the balance between commercial and defense products and recent awards by the military. The long term trend though seems to be slow growth if not almost stagnant. The continuing use of CRA right now is affecting the U.S. Defense Department’s ability to award new contracts or increase funding to existing programs. Secretary of Defense Robert Gates has referred to this as a “crisis” and needs Congress to get the 2011 budget passed. This means that some major contracts will be pushed into the second half of 2011 which could seriously impact annual revenues for this year.

The defense industry continues its boom-or-bust cycle and 2011 on out may be a down year overall although several companies stocks are at or close to recent highs.

Photo from Bob the courier’s flickr photostream.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Boeing Ships Next-Generation GPS Satellite to Cape Canaveral for Tests — Press Release

Boeing Ships Next-Generation GPS Satellite to Cape Canaveral for Tests

EL SEGUNDO, Calif., June 25, 2009 — Boeing [NYSE: BA] has shipped a Global Positioning System (GPS) IIF satellite to Cape Canaveral Air Force Station in Florida to conduct a series of key tests for the U.S. Air Force’s next-generation satellite navigation system.

Built at Boeing’s El Segundo satellite factory, Space Vehicle 2 (SV-2) is undergoing ground testing to prepare for the launch of SV-1, the first of 12 GPS IIF satellites. SV-2 arrived at Cape Canaveral May 7 aboard a C-17 Globemaster III. SV-2 is being used to execute a consolidated system test (CST), which is a set of one-time, system-level design validation tests involving the
space vehicle, the ground-based control segment, and user equipment. SV-2 is also being used as a “pathfinder” to validate satellite transportation processes and equipment, and to validate the launch site test program, procedures and equipment. After completion of the CST and pathfinder activities, SV-2 will return to El Segundo to prepare for its own launch from the Cape.

“The shipment of this pathfinder satellite keeps GPS IIF on track for its first launch, and continues Boeing’s long, successful history of building GPS satellites for the U.S. Air Force,” said Craig Cooning, vice president and general manager of Boeing Space and Intelligence Systems. “The GPS IIF system will bring more capability and improved mission performance to the GPS constellation.”

GPS IIF is the product of Boeing’s experience with 39 successful satellites from the GPS Block I and Block II/IIA missions and more than 30 years of teamwork with the Air Force. GPS IIF features twice the navigational accuracy of heritage satellites, more robust signals for commercial aviation and search and rescue, and greater resistance to jamming in hostile environments. It will form the core of the constellation for many years to come.

GPS is a space-based, worldwide navigation system providing users with highly accurate, three-dimensional position, velocity and timing information 24 hours a day in all weather conditions. A unit of The Boeing Company, Boeing Integrated Defense Systems
is one of the world’s largest space and defense businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32 billion business with 70,000 employees worldwide.

###

Contact:

Marc Selinger
Space & Intelligence Systems
703-414-6138
[email protected]

Diana Ball
Space & Intelligence Systems
562-797-4303
[email protected]

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

>