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| Archives
- Specialty |
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Milspend: Same as the
Old Boss (04/13/01)
Bush Defense Proposal: Hardware?
(04/11/01)
Airliner in surprise
-- and no-surprise -- purchases
(3/01/01)
Goodrich Lands Order (3/09/01)
Goodrich Transformation
(2/25/01)
Rolls Royce Order Book Thickens (3/03/01)
British Aerospace Weakens (3/03/01)
Litton: Electronics Bolsters Sagging
Ships (2/28/01)
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| Milspend: Same
as the Old Boss -- A panel
advising President Bush on military spending is reported to
have recommended essentially the same array of projects supported
by the Clinton Administration, including the F-22, Joint Strike
Fighter, Osprey, V-22 tilt rotor aircraft, Global Hawk unmanned
spy plane, and medium-weight armored vehicles for the Army.
(04/13/01) |
| Airliner
in surprise -- and no-surprise -- purchases --
Midwest
Express has announced purchases of Boeing 717 jetliners
worth at least $750 million, plus $400 million worth of 44-seat
regional jetliners from Embraer (Empresa Brasileira de
Aeronautica) of Brazil. (More at www.midwestexpress.com.)
(04/11/01) |
| Bush
Defense Proposal: Hardware? -- The
New York Times summarized the defense component of the administration's
budget proposal: "President Bush's $310 billion defense
budget boosts spending on military pay and weapons research,
addressing his campaign charge that rank-and-file troops are
suffering from low morale. Overall, the budget provides for
an increase of $14.2 billion, or about 4.8%, from this year's
$296.3 billion. It represents only a modest increase compared
with the Clinton administration's proposed 2002 defense budget,
which was completed in January. But the plan clearly leaves
the door open for bigger increases when the Defense Department
finishes its review of military strategy and weapons programs
later this year. For now, Mr. Bush's defense budget provides
about an additional $5.7 billion for military pay, housing and
health benefits. It also will increase research-and-development
outlays by about $2.6 billion, or 6%. About half that money
will be spent on a national missile-defense shield and the rest
will be used to develop weapons systems that employ greater
stealth, speed, and intelligence-gathering capabilities."
(3/01/01) |
| Goodrich
Lands Jumbo Order -- BF Goodrich
Co. (Charlotte, NC) said they have obtained an order to
supply the landing gear for the airbus A380 in a contract whose
value could exceed $2-3 billion over 20 years. Under the contract,
Goodrich will engineer and manufacture the gear, and ensure
customer support once the aircraft enters commercial service
in 2006. The A380 will be the largest commercial passenger aircraft
in the world and will seat 555 passengers. (Full info at www.goodrich.com.)
(3/09/01) (View story about Goodrich corporate transformation.) |
| Goodrich
Celebrates Hi-Tech Transformation
-- The BF Goodrich Company has announced that it is changing
its name to Goodrich, in order to emphasize its success in exiting
the tire business and focussing on aerospace applications. About
84 percent of the company's $4.4 billion in annual revenues
now comes from the aerospace industry, compared to 7 percent
in 1985. (For more information, go to www.bfgoodrich.com
and click on "Goodrich Transformation Brochure.") (2/25/01) |
| Rolls
Royce Order Book Thickens -- Rolls-Royce
plc (UK) announced results for 2000 yesterday, including
the fact that orders are up 14% over 1999, to 13.1 billion pounds.
Both Boeing and Airbus use engines made by Rolls-Royce. Overall,
the company reported an 18% profit increase in 2000. (More at
www.rollsroyce.com.)
(3/03/01) |
| British
Aerospace Weakens -- According to
reports in The Wall Street Journal, Defense and aerospace company
BAE Systems (UK) declared a loss of 13 million pounds
for 2000, compared to a 324 million pound profit in 1999. (More
at www.bae.com.) (3/03/01) |
| Litton:
Electronics Bolsters Sagging Ships
--The U.S. Navy's largest non-nuclear shipbuilder, Litton
Industries (Los Angeles, CA), announced strong earnings
improvement for its fiscal 2001 second quarter vs. the same
period last year. Electronic Systems showed a sharp improvement
in profitability, to $50 million compared to a loss a year ago,
while profits from Ship Systems were down 63%, to $23.5 million,
on flat sales. The company has been awarded a large number of
contracts in the shipbuilding area in recent quarters. Litton's
$5.1 billion acquisition by defense contractor Northrop Grumman
Corp. remains pending. (More at www.litton.com.)
(2/28/01) |
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