Press Releases

"KBR's exceptional team has once again exceeded expectations with outstanding third-quarter results," stated Stuart Bradie, KBR's President and CEO. "Our team's dedication to our customers has resulted in year-over-year growth across all financial metrics, including Revenues, Adjusted EBITDA2, Adjusted EPS2, and notably, Operating Cash Flows. The bookings and awards this quarter align well with our focus areas of energy security and transition, national defense, and

General Dynamics  today reported third-quarter 2024 revenue of $11.7 billion, up 10.4% from the third quarter of 2023. Operating earnings of $1.2 billion were up 11.7% from the year-ago quarter. Diluted earnings per share (EPS) were $3.35, up 10.2% from the year-ago quarter. Operating margin for the quarter was 10.1%, a 10-basis-point expansion from the year-ago quarter. “The company continues to see strong growth and steady improvement in operating performance,” sa

Raytheon, an RTX business, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW® weapon system for the U.S. Army. The two separate awards comprise an annual production contract for $430 million in fiscal year 2023 and an additional $246 million award in 2024. "Our TOW production line is active, and we can manufacture up to 10,000 missiles annually," said Tom Laliberty, president of Land and Air Defense Systems at

KBR announced today the release of its 2023 Sustainability and Corporate Responsibility Report, which detailed continued sustainability progress across its operations and through its delivery of sustainability-focused solutions. "A large part of our culture at KBR is 'walking the talk' and this includes our commitment to sustainability. This report is a testament to the commitment of our people to doing things that matter — delivering solutions that are helping cr

Airline Hydraulics Corporation, a leading distributor of industrial technologies, expands its Omron Automation technology distribution to Georgia and Florida. This establishes Airline as an Omron strategic partner in this territory, offering local industries direct access to expert support, training events, and easy ordering on airlinehyd.com. "We are excited to add the Omron product line to complement our overall offering from Maine to Florida," says Keith Elphick, Direct

XTI Aerospace, Inc. today announced that it will be a founding sponsor and partner in Hangar X Studios, a podcast focusing on the cutting-edge world of aviation. The Hangar X Studios show will be available on all major podcast platforms, and episodes will drop weekly. To experience the first episodes, and for more information, visit www.hangarxstudios.com. The Hangar X Studios podcast will explore breakthrough innovations that are reshaping the industry. Episodes will cover game-cha

Collins Aerospace, an RTX business, announced the first deliveries of its new Venue™ cabin management system (CMS). The upgraded Venue is equipped with Collins' all new smart monitors and upgraded graphical user interface (GUI), enhancing entertainment, usability and simplicity for operators and passengers, alike. With more than 1,700 installations on over 50 aircraft models, Venue is not only the most fielded system of its kind but continues its technological evolution wi

Leidos, a Fortune 500® innovation leader, was recently awarded a new contract to modernize the U.S. Army's network in alignment with the Army's Network Modernization Strategy and Army Unified Network Plan. The contract was awarded by the Army Program Executive Office for Command, Control and Communications-Tactical Global Enterprise Network Modernization-OCONUS (PEO C3T GENM-O). The contract has a one-year base period of performance with four one-year option periods. The contract

GE Aerospace’s LM2500, engineered for reliability and performance, has been chosen to power the Indian Navy’s Next Generation Missile Vessels (NGMV) built by Cochin Shipyard Limited located in Kochi, India. Six LM2500 marine gas turbine engine kits will be delivered by GE Aerospace for assembly and test by Hindustan Aeronautics Limited (HAL) Industrial and Marine Gas Turbine Division in Bangalore, India. Additionally, GE Aerospace will be supplying its composite base and enclosure

Honeywell today published its 33rd annual Global Business Aviation Outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe. Based on survey results, Honeywell forecasts up to 8,500 new business jets worth $280 billion will be delivered over the next decade, an increase in value from last year’s forecast. However, the five-year new jet purchase

Axon, the global leader in public safety technologies, today announced that the Campbell Police Department in California received a groundbreaking waiver from the Federal Aviation Administration (FAA) for beyond visual line of sight (BVLOS) operations as part of its Drone as a First Responder (DFR) program. This approval is the first of its kind to include nighttime operations and allows Campbell Police Department to fly missions using Dedrone by Axon's cutting-edge DedroneBeyond technolo

The International Space Station (ISS) National Laboratory and NASA will host a webinar to discuss upcoming research and technology development projects launching on SpaceX's 31st Commercial Resupply Services (CRS) mission for NASA to the orbiting outpost. This webinar will showcase how research on the space station is enabling innovation, benefiting humanity, and driving a sustainable market economy in low Earth orbit. The webinar is scheduled to take place Wednesday, October 23

BWX Technologies, Inc. is pleased to announce that Hanford Tank Waste Operations & Closure, LLC (H2C) has been approved by the U.S. Department of Energy (DOE) to begin the Hanford Integrated Tank Disposition Contract (ITDC). After being previously approved to work on pre-transition activities, the DOE has issued H2C a notice to proceed, effective October 21, 2024. Earlier in 2024, the DOE announced that the contract had been awarded to H2C, which is a joint venture led by a BWXT

Skyservice Business Aviation is pleased to announce it will develop a Supplemental Type Certificate (STC) to implement Gogo Galileo HDX on Gulfstream G280 aircraft, ensuring operators have access to the latest high-speed in-flight internet solutions and positioning the Company as a leader in advancing connectivity for business aviation. "At Skyservice, we are committed to staying ahead of the curve when it comes to supporting the latest advancements in business aviation,"

Jacobs was chosen by the airport's operator, Aerostar Airport Holdings, LLC, to participate in a selected group, to provide  architecture and engineering consulting services in support of capital improvements at Luis Muñoz Marín International Airport (SJU) in San Juan, Puerto Rico. The capital improvement program addresses  infrastructure improvements, increasing passenger and aircraft traffic demand, and mitigates future climate change impacts. At SJU, J