Editor’s Note: Related tickers: Lockheed Martin Corporation (NYSE:LMT), Northrop Grumman Corporation (NYSE:NOC), General Dynamics Corporation (NYSE:GD), Raytheon Company (NYSE:RTN), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), Textron Inc. (NYSE:TXT)
Bethesda-based defense giant Lockheed Martin Corporation (NYSE:LMT) ranked ninth on the Environmental Protection Agency’s list—released Wednesday—of organizations using renewable energy, according to an EPA news release. Microsoft Corporation (NASDAQ:MSFT), whose Mid-Atlantic District headquarters is in Chevy Chase, came in at No. 2 on the list of the nation’s top 50 organizations “that are choosing to use electricity from clean, renewable sources.” Microsoft “moved into second place by increasing its green power use to more than 1.9 billion kilowatt-hours (kWh) annually,” the news release added.
Ontario Cadets Get Access To Lockheed Martin Simulators (OttawaCitizen)
Lockheed Martin Corporation (NYSE:LMT) provided a visual simulation platform that creates training scenarios across aviation, maritime and ground domains to Breslau’s Cadet Youth Development Centre. The Prepar3D® simulation platform will encourage youth to explore science, technology, engineering and math (STEM) through an immersive learning environment. The Cadet Youth Development Centre is home to the 822 Tutor Squadron of the Royal Canadian Air Cadets. As a registered charity, the centre offers free access to aerospace and robotics programs for cadets and youth aged 12-18 years. Its Introduction to Aerospace Through Simulation program engages participants in aviation-based tasks where they build teamwork, leadership and resource management skills while experiencing STEM principles in action.
Lockheed Martin Corporation : Lockheed Martin To Pilot Cloud-Based STEM Capability For Prince George’s County, Md High Schools (4-Traders)
High school students and teachers in Prince George’s County, Md., are now able to access science, technology, engineering and mathematics (STEM) enrichment resources through a secure, cloud-based environment. The county’s Division of Academics and Office of Information Technology have partnered with Lockheed Martin Corporation (NYSE:LMT) to pilot a STEM Innovation Cloud solution for select students and teachers at Fairmont Heights, Suitland and High Point High Schools. During the 90-day pilot program, Lockheed Martin will work with Cisco Systems, Inc. (NASDAQ:CSCO); Men Aiming Higher, Inc, a local community-based organization; and the Prince George’s County Public School System (PGCPS) to provide secure community cloud and high-definition, communications platforms…
Northrop Grumman’s Astro Aerospace receives follow-on order for 48 more JIB antennas for GPS III satellites (YourIndustryNews)
Northrop Grumman Corporation (NYSE:NOC) will provide 48 more self-deploying, monopole JIB antennas for Global Positioning System (GPS III) satellites under a follow-on contract from Lockheed Martin Corporation (NYSE:LMT). The work will be carried out by Astro Aerospace, a strategic business unit of Northrop Grumman. With an adaptable design configuration, JIBs can be tailored to specific applications; they are available in monopole diameters from ½ inch to 1 3/8 inches and any length up to 25 feet. Each antenna stows in a compact 4-inch by 4-inch by 2.5-inch canister.
Lockheed to Build OTEC Plant in China (Nasdaq)
Lockheed Martin Corporation (NYSE:LMT) has entered into an agreement with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant located off the coast of southern China. Per the agreement, this offshore plant with an electric generation capacity of 10 megawatt (MW) will be designed by Lockheed Martin. The plant will supply all the power required by a green resort being built by Reignwood Group. Ocean Thermal Energy Conversion is a process that can produce electricity by using the temperature difference between deep cold ocean water and warm tropical surface waters. This technology is best suited for island and coastal communities where energy transportation costs for other sources of power are very expensive.
Northrop Grumman, ADASI and AUVSI Support 2013 Innovation Challenge Flying Competition (AzoRobotics)
Northrop Grumman Corporation (NYSE:NOC) will hold a press briefing to kick off the 2013 Innovation Challenge Flying Competition in coordination with the Higher Colleges of Technology (HCT), Abu Dhabi Autonomous Systems Investments (ADASI) and the Association for Unmanned Vehicle Systems International (AUVSI). The press briefing will provide an opportunity to hear from each participating partner. Following the briefing, media are encouraged to stay to watch the flying competition and interview student competitors and their mentors. In 2010, Northrop Grumman signed a memorandum of understanding with HCT to develop initiatives related to science, technology, engineering and mathematics in the United Arab Emirates (UAE). The Innovation Challenge is a result of this collaboration. In addition, ADASI and AUVSI have since joined in supporting this event, signing memorandums of understanding during the International Defence Exhibition and Conference in February.
Northrop Grumman Launches CUTLASS, Next Generation Unmanned Ground Vehicle (InformationWeek)
Northrop Grumman Corporation (NYSE:NOC) has launched CUTLASS, its latest generation unmanned ground vehicle (UGV), expanding its range of industry-leading capabilities in unmanned systems for the remote handling and surveillance of hazardous threats. CUTLASS has been designed, developed and manufactured by Northrop Grumman in the U.K., and includes significant advances in technology and performance and a range of features that provides state-of-the-art capabilities for national security and resilience applications.
Northrop Grumman Cor’s Equal Weight Rating Reaffirmed at Barclays Capital (NOC) (MideastTime)
Barclays Capital reissued their equal weight rating on shares of Northrop Grumman Corporation (NYSE:NOC) in a research report released on Monday morning, Stock Ratings Network reports. Barclays Capital currently has a $69.00 price target on the stock. Northrop Grumman Corporation (NYSE:NOC) traded down 1.64% on Monday, hitting $70.12. Northrop Grumman Cor has a 52-week low of $56.59 and a 52-week high of $72.67. The stock’s 50-day moving average is currently $68.46. The company has a market cap of $16.627 billion and a price-to-earnings ratio of 9.13.
Northrop Grumman Employees, Teams Honored by the Engineers’ Council (Avionics-Intelligence)
Northrop Grumman Corporation (NYSE:NOC) employees and project teams were recognized by The Engineers’ Council for their significant engineering contributions during the organization’s 58th annual honors and awards banquet on Feb. 23, one of the largest celebrations of National Engineers Week in the nation. Based in California’s San Fernando Valley, The Engineers’ Council is an independent, nonprofit group dedicated to advancing the art and science of engineering. This year, the organization honored Allen A. Arata of Northrop Grumman Aerospace Systems with the Jack Northrop Spirit of Aviation Award. Based in the company’s flight-analysis department in El Segundo, Calif., Arata received the award for his aerodynamic design work, which the organization noted has greatly affected all aspects of aerodynamic design for present and future manned and unmanned military aircraft, especially flying-wing designs such as the B-2 Stealth Bomber.
More Astro Aerospace antennas for GPS-III (UPI)
More self-deploying, monopole JIB antennas for U.S. GPS satellites will be produced by Northrop Grumman Corporation (NYSE:NOC) under a Lockheed Martin Corporation (NYSE:LMT) follow-on award. The number of systems from Northrop’s Astro Aerospace business unit number 48 and will be used on GPS-III satellites under development by Lockheed. The on-orbit U.S. GPS satellite constellation of more than 24 spacecraft is operated by the U.S. Air Force. “The GPS constellation is a key U.S. asset used by millions around the globe every day,” said Astro Aerospace General Manager John Alvarez. “The antennas we supply are designed to help Lockheed Martin and the Air Force meet affordability and mission assurance goals for the next generation of GPS satellites.
China Luxury Jet Sales Set to Surge Amid Xi’s Austerity Drive (Bloomberg)
President Xi Jinping’s austerity drive is not dissuading Chinese private jet buyers. Customers may buy about 40 private jets this year in China, compared with 27 ordered in 2012, amid a surge in wealth, said Richard Koe, managing director at Hamburg, Germany-based Wingx Advance Gmbh, a business-aviation data company. General Dynamics Corporation (NYSE:GD)’s Gulfstream is among companies expanding in the country, home to 336 private planes already. The number of billionaires in China may overtake Germany within the next year, and climb to No. 2 in the world, according to Wealth-X, a Singapore-based company, which collects data on high net worth individuals. Surging demand for planes that could cost about $65 million apiece contrasts with Xi’s vow to rein in on extravagant spending.
Army’s Tactical Network Faces Fiscal, Political Hurdles (NationalDefenseMagazine)
Pentagon contractors cheered the Army’s proposed budget for next fiscal year, which requests more than $2.3 billion for tactical radios, wireless communications and information systems. But manufactures worry that the Army’s plan to equip soldiers with modern information technology faces high fiscal and political hurdles. No company has more at stake in this effort than General Dynamics Corporation (NYSE:GD), which supplies the “backbone” of the Army’s network, known as the “war fighter information network-tactical,” or WIN-T. General Dynamics also received a contract to produce handheld and backpack-size digital radios under the joint tactical radio system, or JTRS, program.
GD Makes Notable Cross Below Critical Moving Average (Forbes)
In trading on Wednesday, shares of General Dynamics Corporation (NYSE:GD) crossed below their 200 day moving average of $66.94, changing hands as low as $66.41 per share. General Dynamics Corporation (NYSE:GD) shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of GD shares, versus its 200 day moving average: Looking at the chart above, GD’s low point in its 52 week range is $61.09 per share, with $72.01 as the 52 week high point — that compares with a last trade of $66.52.
General Dynamics to provide spare parts for Abrams battle tanks (BizJournals)
General Dynamics Corporation (NYSE:GD) has been awarded a three-year contract from the Defense Logistics Agency worth a potential $9.5 million to provide spare parts for the Abrams tank, GovCon Wire reports. The company will manufacture M1A2 system enhancement packages for versions one and two of the Abrams. The Defense Logistics Agency wants to reduce costs by $10 billion in five years, said Graz Graziano, vice president of combat support and wustainment for General Dynamics’ land systems unit.
Raytheon delivers first training programme under contract with GM Korea Company (InformationWeek)
Raytheon Professional Services LLC (RPS), a subsidiary of Raytheon Company (NYSE:RTN), has delivered the launch training programme for the Chevrolet Trax Urban Life Vehicle, the first training event conducted under a multimillion dollar contract to manage dealer training for General Motors Korea Company (GMKC). As part of the contract, RPS will manage content development and training administration services for GMKC’s sales, non-technical after sales and technical dealer personnel. The contract also includes the delivery of sales and non-technical training for GMKC’s Chevrolet dealer training programme in the Republic of Korea.
Raytheon delivers second Phalanx Block 1B for Australia’s Air Warfare Destroyer (StockHouse)
Raytheon Company (NYSE:RTN) delivered the second Phalanx Block 1B Close-In Weapon System for installation on Australia’s newest Air Warfare Destroyer, the Brisbane. A previously awarded direct commercial sale contract calls for a total of three Phalanx mounts to be delivered to the Royal Australian Navy. The first mount was delivered in late 2012 for installation aboard the Hobart. A third system is under construction and will be installed on the Sydney in 2014. “These Phalanx systems will give the Royal Australian Navy the most advanced ship self-defense capability available worldwide,” said Rick Nelson, vice president of Raytheon Missile Systems’ Naval and Area Mission Defense product line. “Thanks to recent engineering changes, we have improved the system’s reliability, added capability and greatly improved the sailor-to-machine interface in order to defeat extended-range air and surface threats.”
Industrial Goods Sector’s Volume Actives – Textron Inc. (NYSE:TXT), Raytheon Company (NYSE:RTN). (NetPRNews)
AnotherWinningTrade.com delivers quality trading ideas for the elite investor that has the financial wherewithal and market nimbleness to profit on small moves in a stock’s price. Become a member and you will be provided with real-time alerts intended to provide you with the opportunity to make profitable trades. To receive our FREE, comprehensive newsletter, visit AnotherWinningTrade.com. …Aerospace Defense Major Diversified Industry of the Industrial Goods Sector is under review, as its stocks were gaining high volume during previous trade. Textron Inc. (NYSE:TXT) remained a top volume stock in its industry and was showing a negative trend during the previous trading session and Raytheon Company (NYSE:RTN) gained attention of investors and it was showing bearish movement during previous trade.
Raytheon Company to release first quarter results on April 25, 2013 (PRNewsWire)
Raytheon Company (NYSE:RTN) will issue its first quarter 2013 earnings news release at 7 a.m. EDT Thursday, April 25, 2013. The release will be posted on the Raytheon home page. The first quarter 2013 earnings results conference call will be at 9 a.m. EDT Thursday, April 25, 2013. The call will be audiocast on the Internet at www.raytheon.com/ir. Charts to be referenced during the call will be available on the website for printing prior to the call. Participants are urged to check the website ahead of time to ensure their computers are configured for the audio stream. Instructions for obtaining the required downloadable software are posted to the site.
Raytheon Company – RACR wins Republic of Korea F-16 radar upgrade competition (Avionics-Intelligence)
Raytheon Company (NYSE:RTN) announced today its Raytheon Advanced Combat Radar has been competitively selected by the Republic of Korea to upgrade the country’s KF-16C/D Block 52 Fighting Falcon fleet. ‘This win ensures the Republic of Korea’s KF-16 combat aircraft remain relevant in a constantly evolving threat environment and builds on our legacy of providing enhanced combat capabilities for global allied forces,’ said Rick Yuse, president of Raytheon Space and Airborne Systems. Subject to final definition by the United States Government, Raytheon will deliver 134 active electronically scanned array radar systems with deliveries anticipated to start in late 2016. The scope includes AESA radar development, production of test assets for the system design and development program, and production.
Raytheon Awarded $8.6 Million for AIM-9X Support in Saudi Arabia (US-Sabc)
Raytheon Company (NYSE:RTN)’s (Raytheon) Missile Systems division was awarded an $8.6 million (SR32.25 million) contract in addition to a previously awarded cost-plus-fixed-fee contract to service and support the Phase II AIM-9X System Improvement Program for the Saudi Government, the U.S. Air Force, and Navy. Raytheon is responsible for hardware and software development activities and implementation of security architecture requirements.
