Aerospace & Defense News - Defense North America.

 
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New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) Sep 11, 2011

Sen. Jon Kyl, R-Ariz., says he will quit the deficit-reduction committee if new defense cuts are on the table. "I'm off of the committee if we're going to talk about further defense spending," Kyl said. Meanwhile, the defense industry is preparing for more cuts. "There will likely be cuts to many programs, elimination of others, with additional cuts to operations and personnel accounts, given the magnitude of the top-line reductions," said Cord Sterling, vice president for legislative affairs for the Aerospace Industries Association. Sep 9, 2011

The Air Force's F-22 Raptor fighters were grounded in early May after toxins were found in the bloodstreams of some pilots who had suffered "hypoxia-like" incidents. This week, the top uniformed officer in the Air Force will be briefed on options for lifting the grounding, sources say. Sep 8, 2011

Dakota Wood has spent 25 years in the national security arena and is now aiming to represent Oklahoma's 2nd congressional district, replacing Democrat Rep. Dan Boren, who holds key positions on the House Armed Services Committee as well as the House Permanent Select Committee on Intelligence. Wood, a defense analyst, faces a tough road ahead, however, according to at least one political observer. Sep 6, 2011

The International Association of Machinists and the Aerospace Industries Association sent a letter to President Obama Sept. 1 urging him to preserve the aerospace and defense industry and its high-skilled workforce. Sep 6, 2011

Gerald Krueger, a retired commercial pilot, remembers his days learning how to fly in the Navy flight training program, from his first instructor to his first acrobatic in a T-34. Krueger recalls his journey from young cadet to certified aviator and the memories that have lasted him a lifetime. Sep 6, 2011

The Department of Defense is among the biggest energy consumers in the U.S., and directives for the military to become more energy efficient are resulting in major changes at its facilities and bases. Going green has been expensive, but military officials say they understand the rationale behind the orders. "Energy reform and the new energy future aren't about politics or slogans. It's about protecting the lives of our troops. ... It's about making our country more secure and more independent," Navy Secretary Ray Mabus said. Sep 6, 2011

AeroVironment, Inc. Announces Fiscal 2012 First Quarter Results. AeroVironment today reported financial results for its first quarter ending July 30, 2011. First quarter revenue of $62.0 million rose by 62% over last year, and diluted earnings per share of $0.01 increased from a loss of $0.16. Reflecting continued demand for our small unmanned aircraft systems, the $65.5 million contract for Puma systems. Revenue for the first quarter of fiscal 2012 was $62.0 million, up 62% over first quarter fiscal 2011 revenue of $38.2 million. The increase in revenue resulted from increased sales in our Unmanned Aircraft Systems (UAS) segment of $18.8 million and Efficient Energy Systems (EES) segment of $5.0 million. Income from operations for the first quarter of fiscal 2012 was $0.4 million, an increase of $7.7 million from first quarter fiscal 2011 loss from operations of $7.3 million. The increase in income from operations resulted from higher gross margin of $9.7 million and lower research and development (R&D) expense of $0.4 million, offset by higher selling, general and administrative (SG&A) expense of $2.3 million. Net income for the first quarter of fiscal 2012 was $0.3 million, an increase of $3.7 million from first quarter fiscal 2011 net loss of $3.4 million. Earnings per diluted share for the first quarter of fiscal 2012 were $0.01, an increase of $0.17 from first quarter fiscal 2011 loss per diluted share of $0.16. As of July 30, 2011, funded backlog (unfilled firm orders for which funding is currently appropriated to us under a customer contract) was $72.7 million compared to $82.9 million as of April 30, 2011. For fiscal year 2012, the Company reiterates its revenue guidance of $321 million to $336 million, and earnings per share of $1.28 to $1.35 on a fully diluted basis. Sep 7, 2011

Air Charter International Transports De-mining Machine to Afghanistan. Once again, Air Charter International has shown its capabilities of dealing with difficult air charter missions. The summer of 2011 ended well for the Air Charter International team as they successfully completed the shipment of an outsized de-mining machine from Europe to Bagram airbase in Afghanistan. For several years now, efforts have been put into place to make Afghanistan a mine free country by 2013. As such several de-mining companies have already been contracted to assist with the process and help the Afghani nationals claim back their land and ensure it is free of Unexploded Ordnance (UXO's). Air Charter International successfully assisted in the delivery of a specialized de-mining machine and its...

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