Northrop Grumman Corp. Chairman and CEO Kent Kresa Kresa said TRW Inc.'s space and satellite business "perfectly complements" his company's defense capabilities and that he is "cautiously optimistic" the company will open its books for examination.
Following several months of speculation, Secretary of Defense Donald Rumsfeld announced April 17 that a new combatant command will be created to defend the United States and help civil and local agencies respond to domestic threats and crises. Northern Command, or NORTHCOM, will be the first command to have unified responsibility for the defense of the U.S., Rumsfeld told reporters at an April 17 Pentagon briefing to announce the new command structure.
FALCON CONTRACT: Northrop Grumman Corp. will provide engineering services and technical support for the F-16's fire control radar under a $487 million Air Force contract. The work will cover the U.S. Air Force and 16 other air forces through Foreign Military Sales, according to the company.
December 2001 (70 programs) $1,065,044.4 New SARs (As of December 31, 2001) The Department of Defense has submitted initial SARs for BMDS (Ballistic Missile Defense System), Black Hawk Upgrade (UH-60M), C-5 RERP (Reliability and Reengining Program), and C-130 AMP (Avionics Modernization Program). These reports do not represent cost growth. Baselines established on these programs will be the
SIGINT AWARD: Elta Electronics Industries Ltd., a wholly owned subsidiary of Israel Aircraft Industries, will provide new airborne signals intelligence (SIGINT) systems for three Israeli air force Gulfstream V business jets. The program's total value is estimated at $250 million.
NEW DELHI - India's indigenous Light Combat Aircraft (LCA) program, already six years behind schedule, will be delayed further by complications with the LCA's second technology demonstrator, TD2. A senior defense scientist working on the LCA project told The DAILY that there are problems with the TD2's flight software, which is not complete.
The four-nation Eurofighter program has achieved several major milestones this month, including initial flights of the first instrumented production aircraft (IPAs 1,2 and 3), each of which completed three sorties on their debut outings.
Following several months of speculation, Secretary of Defense Donald Rumsfeld announced April 17 that a new combatant command will be created to defend the United States and help civil and local agencies respond to domestic threats and crises. Northern Command, or NORTHCOM, will be the first command to have unified responsibility for the defense of the U.S., Rumsfeld told reporters at an April 17 Pentagon briefing to announce the new command structure.
SABRE HOLDINGS CORP., Southlake, Texas David Schwarte, executive vice president and general counsel, has been named chair of the American bar Association's Air&Space law forum.
The Missile Defense Agency plans to give its Space Based Infrared System Low (SBIRS-Low) an infusion of fiscal 2002 funds to support a newly devised restructuring of the program, Air Force Lt. Gen. Ronald Kadish, the director of MDA, said April 17. Kadish, who testified at a hearing of the Senate Appropriations defense subcommittee, did not say how much money will be reprogrammed to SBIRS-Low, but an MDA spokesperson told The DAILY the amount, which requires congressional approval, will be $13 million.
The Boeing Co. posted a $1.25 billion net loss for the first quarter of fiscal year 2002 due to acquisition-related charges and accounting adjustments. In an April 17 conference call with investors and analysts, company officials reported first-quarter revenues of about $13.8 billion, as compared with about $13.3 billion a year ago at this time. Net earnings for the quarter totaled $578 million, as compared with $1.2 billion in the first quarter of FY 01.
The TRW board of directors voted to reject the most recent stock exchange offer proposed by Northrop Grumman Corp. In an April 17 statement, TRW officials called the new offer "financially inadequate" and said the board would recommend that TRW shareholders not tender their shares.
UTC, Hartford, Conn. Stephen F. Page, president of UTC's Otis Elevator unit, was elected a director and vice chairman of the corporation's board of directors.
The Boeing Co. posted a $1.25 billion net loss for the first quarter of fiscal year 2002 due to acquisition-related charges and accounting adjustments. In an April 17 conference call with investors and analysts, company officials reported first-quarter revenues of about $13.8 billion, as compared with about $13.3 billion a year ago at this time. Net earnings for the quarter totaled $578 million, as compared with $1.2 billion in the first quarter of FY 01.
AEROGROUP INTL. CORP., Melbourne, Fla. Charlie Hill has accepted the position of director of operations. BOEING CORP., St. Louis, Mo. Charles T. Robertson has been named to the new position of vice president of business development for Military Aerospace Support. Dave Bowman has been named vice president and program manager for the C-17 program. Bob Feldman has been named program manager for both the AV-8B and T45TS programs.
The Missile Defense Agency plans to give its Space Based Infrared System Low (SBIRS-Low) an infusion of fiscal 2002 funds to support a newly devised restructuring of the program, Air Force Lt. Gen. Ronald Kadish, the director of MDA, said April 17. Kadish, who testified at a hearing of the Senate Appropriations defense subcommittee, did not say how much money will be reprogrammed to SBIRS-Low, but an MDA spokesperson told The DAILY the amount, which requires congressional approval, will be $13 million.
FALCON CONTRACT: Northrop Grumman Corp. will provide engineering services and technical support for the F-16's fire control radar under a $487 million Air Force contract. The work will cover the U.S. Air Force and 16 other air forces through Foreign Military Sales, according to the company.
Northrop Grumman Corp. Chairman and CEO Kent Kresa Kresa said TRW Inc.'s space and satellite business "perfectly complements" his company's defense capabilities and that he is "cautiously optimistic" the company will open its books for examination.
