online brief writing services
buy an essay review
have you ever used essay writing service
resume writing services in new york
ghostwriter episodes online
how to buy time on an essay
homework help free live
writing customer service letters
condensation help san diego
executive synopsis writing service canada
top essay writing services uk
literature review service user involvement
assignment help australia
cheap online essay writer
parts of an essay in order
military outline help
custom paper placemats wholesale
buy to let business plan uk
lnat essay help
what is the best essay service
free homework help online alabama
professional resume writers raleigh nc
customer relationship management essay
purchase preciss
essay help chat room
borderline personality disorder essay
i need help creating a conspectus
where can i get someone to write an essay for me
abstract helper
best professional resume writing services
professional dissertation writers
online paper writing services
yorku essay help
cover letter help me
help writing high school resume
list of best brief writing services
resume writer des moines ia
buy custom essay
kaplan essay help
assignment services ucsb
help with managerial economics homework
helping others essay in hindi
need help with outline
help writing thesis paper
personal statement writing service ucas
executive compendium writing service
conspectus formatting service
writing on yellow paper helps you remember
help write curriculum vitae
resume writing services gold coast
ways to help children with homework
where to buy college papers
kate turabian a manual for writers of research papers theses and dissertations 7th ed
cover letter for customer service cashier
professional curriculum vitae writing services
write my paper .com
cv writing services uk
essay on can money buy you happiness
tudors help homework kids
dissertation help uk
freelance cv writer jobs
online homework helper
accounting homework help free online
i need help making a thesis statement
tips to help you do homework
history extended essay help
curriculum vitae sample writer
professional abridgment editing services
need help writing wedding speech
sales abstract help
professional resume writing services denver
college paper writing services
freedom writers essay conflict
get writing paragraphs and essays third edition
professional cover letter help
carl will you help me with my homework after school
resume writing services australia
where to buy papers for invitations
can i pay someone to write my research paper
essays writing service
resume examples and samples customer service
buy a abridgment
essay college help
gcse ict coursework help
dissertation help india online
business strategy assignment help
free lance writers
law essay help uk
get paid to write online uk
essay help tumblr
where can i buy essays yahoo
school discovery education homework help home
best buy case study 2012
woodlands junior homework help rivers
help me with my brief
will someone write my essay for me
help with scholarship essays
photo paper buying guide
paper helper app review
condensation editing services
i need help with my book report
help me write a cover letter
federal resume writing service san diego
best abridgment writing services in houston
what is the best online essay writing service
can you help me with my homework
college physics serway 8th edition homework help
rap ghostwriter wanted
buy custom term paper
essay how scholarship will help
chegg homework help account
toronto creative writing services
get paid to write college papers
help with statistics homework free
essay writing service caught
professional resume writers for teachers
it digest help
reaction paper freedom writers movie
family movie review of the help
best synopsis writing services dc
buying papers online plagiarism
essay on how to help disabled people
where to buy paper for rolling coins
college essay writing help
diversity essay help
get paid to write poetry
case study examples anxiety disorders
resume writing services healthcare
college admission essay editing service
sample application letter service crew jollibee
best math homework help
research associate buy side
essay writer reviews
help beginning an essay
resume writers vancouver bc
dissertation help methodology
knowledge of speech and writing help teacher of english
best brief writing services military
buy digital writing pad
professional college essay help
executive outline service nyc
cv writing service marketing
nursing homework help
resume writing services boston area
resume writers in dallas tx
best essay help research paper topics
intuit statement writer 2010 download
ghostwriter song
youtube paperback writer lyrics
ashford university homework help
help writing a nursing resume
accounting homework helper
example essay helpful people
help with a abridgment
writing windows service in c.net
paperback writer lyrics
where can you buy synopsis paper
essay writing editing service
homework help ks3 english
buying paper 1
custom essay online
literature review on banking services in india
where can i buy a college paper
is buying a dissertation safe
buy custom cut paper
rap ghostwriters exposed
webassign help physics
professays custom writing
resume writers reviews australia
best online paper editing services
help on formatting a research paper
critical thinking as a reader and writer
essay writer website
chegg free homework help trial
business writing service
condensation writing service us
custom academic writing
paperhelp support code discount
need help on geometry homework
buy cheap brown paper bags
professional compendium help
cover letter customer service examples
buy essays for university
buy secondary school exam papers
personal service statement of claim
dsm diagnosis for dissociative personality disorder case study
resume writing services in us
online college application essay help
original writing service
freelance writers contract sample
resume writers in virginia beach
where to buy paper for wedding invitations
black book review writer
purchase papers for college
homework paper help
community service essay ideas
how much is a ghostwriter
help with writing renewal vows
what is the best site to buy an essay from
freelance writers paid per word

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

>