Aerospace and Defense News

EADS: Pentagon lost sight of objective (FOX10 Mobile) The Chairman of EADS was in Mobile Tuesday a day after its partner Northrop Grumman announced it would not bid on the Air Force Tanker contract. Ralph Crosby said he wasn't going to hide in Washington, but instead thank the people of the Gulf Coast for their support and talk about its future as a hub for the aerospace industry.

3M expands aerospace footprint (MalaysiaNews.net) 3M Co. has agreed to buy MTI PolyFab Inc., a Canadian manufacturer of thermal and acoustic insulation for the aerospace industry for $24 million, in a deal announced Monday. MTI PolyFab, a unit of On...

U.S. Industry Warns Of Turkish Sanctions (Middle East Newsline) WASHINGTON [MENL] -- The U.S. aerospace industry has warned of the prospect of sanctions by Turkey. Copyrights 2008, Middle East Newsline. All rights reserved.

ADI'S Electronics Manufacturing Services Facility Achieves AS9100 Certification (ThomasNet) Randolph, NJ, March 3, 2010 ADI American Distributors Inc., announced that their American Manufacturing Services Division has been certified to AS9100, the quality management standard developed for designers and manufacturers serving the international aerospace industry. Located in Okemah, OK, the ADI Division is a fully integrated EMS (Electronic Manufacturing Services) provider, employing ...

3M to Acquire MTI PolyFab (ChemPoint) ST. PAUL, Minnesota, March 8, 2010 -- 3M announced today it has entered into a definitive agreement to acquire MTI PolyFab Inc., a manufacturer of thermal and acoustic insulation for the aerospace industry.

Putin visits India for more deals (UPI) NEW DELHI, March 10 (UPI) -- Deals on defense and nuclear energy are likely to be concluded during Russian Prime Minister Vladimir Putin's trip to India, defense industry sources said.

DOL announces nearly $787,000 grant to assist workers in Minnesota affected by defense industry layoffs (U.S. Department of Labor) The U.S. Department of Labor today announced a $786,901 grant to assist about 183 workers affected by layoffs at BAE Systems Inc. in Fridley, Minn.

Russia And India To Develop Joint 5G-fighter By 2016 (Space War) Moscow (RIA Novosti) Mar 10, 2010 - A Russian-Indian fifth-generation fighter jet could be developed by 2015-2016, a Russian defense industry official said on Tuesday.

Ukraine's leading English-language newspaper since 1995 (KYIV Post) Moscow, March 9 (Interfax-AVN) - New avionics are being developed for the upgraded heavy transport aircraft Antonov An-124-300, the serial production of which is due to resume at the Ulyanovsk-based Aviastar joint-venture, a source in the defense industry told Interfax-AVN.

Higher airborne systems sales lift Elbit Systems revenue (Globes Online) Full year revenue for the defense electronics firm rose 7.4% to $2.83 billion.

Elbit Systems Q4 net profit misses expectations (Reuters via Yahoo! Philippines News) * Q4 EPS $1.24 vs forecast $1.27

(AFX UK Focus) 2010-03-10 08:00 UPDATE 1-Elbit Systems Q4 net profit misses expectations (Interactive Investor) TEL AVIV, March 10 (Reuters) - Israeli defence contractor Elbit Systems on Wednesday reported higher quarterly net profit excluding one-off items but missed analysts' expectations as marketing expenses grew. Israel's largest publicly traded defence firm said fourth quarter earnings per share diluted fell to $1.24 from $2.48 a year earlier. Excluding one-off items such as a $74.4 million capital ...

UK Industry Targets £20 Billion Global Unmanned Aerial Systems Market (Defence Professionals) A|D|S, the UK’s AeroSpace, Defence and Security trade organisation yesterday hosted an event with Lord Drayson, Minister of State for Strategic Defence Acquisition Reform, at the Military Air...

BAE Systems Barrow boss on future of shipyard - special report (North-West Evening Mail) A BAE graduate trainee with nerves of steel quizzed the shipyard’s boss at a prestigious defence conference – and said he felt his future was not very secure.

Markets must be able to punish offenders, Lord Myners says (Daily Telegraph) Financial markets must be able to punish those who make mistakes just as easily as they are able to offer rewards, Lord Myners said in a speech last night.

***Error***