Page 10 - Aerotech News and Review, Feb. 3 2017

BRIEFS, from 2
Both Pakistan and its neighboring archrival India became nuclear
powers in the late 1990s. Both have long-range missiles. AP Boeing beats fourth quarter profit forecasts
Boeing on Jan. 25 reported fourth-quarter net income of $1.63 billion.
On a per-share basis, the Chicago-based company said it had net income of $2.59. Earnings, adjusted for non-recurring gains, came to $2.47 per share.
The results surpassed Wall Street expectations. The average es- timate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The airplane builder posted revenue of $23.29 billion in the peri- od, falling short of Street forecasts. Five analysts surveyed by Zacks expected $23.45 billion.
Boeing expects full-year earnings in the range of $9.10 to $9.30 per share, with revenue in the range of $90.5 billion to $92.5 billion. Boeing shares have increased 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 2 percent. The stock has climbed 29 percent in the last 12 months. AP
Lockheed tops fourth quarter forecasts
Lockheed Martin on Jan. 24 reported fourth-quarter earnings of $988 million.
On a per-share basis, the Bethesda, Md.,-based company said it had net income of $3.35. Earnings, adjusted to account for discon- tinued operations, came to $3.25 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share.
The aerospace and defense company posted revenue of $13.75 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $13.09 billion.
For the year, the company reported profit of $5.3 billion, or $17.49 per share. Revenue was reported as $47.25 billion.
Lockheed expects full-year earnings to be $12.25 to $12.55 per share, with revenue in the range of $49.4 billion to $50.6 billion.
Lockheed shares have increased 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 1
percent. The stock has climbed 22 percent in the last 12 months. AP Northrop Grumman tops street fourth quarter fore-
casts
Northrop Grumman on Jan. 26 reported fourth-quarter net in- come of $525 million.
The Falls Church, Va.,-based company said it had net income of $2.96 per share. Earnings, adjusted for non-recurring gains, came to $2.66 per share.
The results topped Wall Street expectations. The average esti- mate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.
The defense contractor posted revenue of $6.4 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $5.91 billion.
For the year, the company reported profit of $2.2 billion, or $12.19 per share. Revenue was reported as $24.51 billion.
Northrop Grumman expects full-year earnings to be $11.30 to $11.60 per share.
Northrop Grumman shares have fallen roughly 1 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 3 percent. The stock has increased 27 percent in the last 12 months. AP
Two U.S. soldiers hurt in ammunition truck accident in Poland
Poland’s Defense Ministry says two U.S. soldiers have been hurt in an Army truck accident in southwestern Poland.
A ministry communique issued Jan. 22 said the truck carrying tank ammunition skidded off a slippery road because the driver was going too fast for the winter road conditions.
Some of the ammunition for M-1 Abrams tanks the truck was hauling spilled onto the road leading to Zagan, where U.S. troops are based. The road was temporarily closed after the accident oc- curred after dark Saturday.
A spokesman for local firefighters, Capt. Dariusz Szymura, tells television station TVN24 that one of the soldiers was hospitalized. About 3,500 U.S. troops are deploying to Poland under a plan approved by former President Barack Obama to ease the worry in
a region nervous about Russian military activity. AP
First nuclear-powered carrier will be decommissioned Feb. 3
The U.S. Navy will decommission the world’s first nuclear- powered aircraft carrier next week.
The Virginian-Pilot reports that the USS Enterprise played a major role in world events that included the Cuban Missile Crisis to the wars in Iraq and Afghanistan.
The final goodbye ceremony will take place Feb. 3 at Newport News Shipbuilding in Virginia. That’s the same shipyard where the carrier was built.
Affectionately called the “Big E,” the ship was taken from ser- vice in 2012 in front of about 12,000 people at Norfolk Naval Station. It completed 25 deployments.
Next week’s ceremony is closed to the public. But the Navy said the entire event will be posted on its Facebook page. AP
Groups, tribe say they’ll sue Navy over ship hull clean- ing
The Suquamish Tribe and two environmental groups have filed notice they intend to sue the Navy, alleging the Navy is cleaning a decommissioned aircraft carrier in Sinclair Inlet, Wash., in viola- tion of federal clean-water laws.
The tribe, Washington Environmental Council and Puget Sound- keeper allege that divers are scraping the hull of the USS Indepen- dence outside Bremerton and sending harmful copper-based paint into the water. They say the Navy should have obtained permits under the Clean Water Act.
Navy spokeswoman Colleen O’Rourke said in a statement that skilled divers are gently scrubbing marine growth on the hull of the ship to prevent the possible transfer of invasive species. The ship is being cleaned before it is towed to Texas, where it will be dismantled. She declined to comment on the pending lawsuit.
The Kitsap Sun reports that state and federal regulators have also expressed concerns that the Navy’s actions might harm the fragile waterway. AP
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February 3, 2017