NEW DELHI, INDIA (MARKET WIRE) US market recover from the early loss in the last trading session, but too late. Market closed down from the previous day. As new market updates continue to fuel the current trading trend, Wall Street Sense analysts have issued valuable analysis on the following companies: Carnival Corp. (NYSE: CCL), McKesson Corp. (NYSE: MCK), Gran Tierra Energy Inc. (AMEX: GTE), NovaGold...
Not a bad time to allocate the last big bonus on Wall Street to as many people as possible. According to Down Jones, "Chief Executive Lloyd C. Blankfein and President Gary D. Cohn said in the email that those named helped the bank survive the financial crisis. They also said the new managing directors will be integral to our service to clients, the strength of our reputation and the long-term...
DARPA intends to award a 24-month contract to either or both of the HELLADS developers - General Atomics and Textron Defense Systems - to build and ground-test a 150 kilowatt laser compatible with the requirement for a weapon-system weight of 750kg. High Energy Liquid Laser Area Defense System (HELLADS) The goal of the High Energy Liquid Laser Area Defense System (HELLADS) program is to develop a...
Danger Room: The Pentagon’s mad science arm is moving ahead with a project to build a laser weapon “ compact enough to be carried on board a tactical aircraft - say a B-1B bomber or an AC-130 gunship,” Aviation Week reports. Darpa is getting ready to hand out 24-month research contracts to defense contractors Textron or General Atomics for the next phase of its High Energy Liquid...
HUNT VALLEY, Md.--(BUSINESS WIRE)--AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that it has entered into a licensing agreement with Carter Aviation Technologies LLC, giving AAI exclusive access to Carter’s Slowed Rotor/Compound (SR/C) technology for all unmanned aircraft applications. AAI will provide guidance, support and resources...
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today announced that Fred Strader has been named president and CEO of its Textron Systems segment, effective January 1, 2010. He succeeds Frank Tempesta who is retiring after 46 years of outstanding service to Textron. Strader has been serving as chief operating officer of Textron Systems since April 2008, overseeing the operations of its...
Jon R. Carlson Appointed Deputy Chairman and CEO of Etorus, LLC Fuel and emission reduction innovator Etorus is ready to launch the Etorus VOLT, a breakthrough technology for dramatically improving fuel efficiency while reducing the carbon footprint of millions of diesel-fueled engines worldwide. Carlson was previously President and CEO in the industrial division of Textron , a multibillion dollar...
AUSTIN, Texas--(BUSINESS WIRE)--Overwatch, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that AXIS PRO, one of the company’s flagship software products, has been awarded a Certificate of Networthiness (CoN) by the U.S. Army. The CoN was issued to AXIS PRO based on its compliance with rigorous standards established by the U. S. Army and following in-depth...
HUNT VALLEY, Md.--(BUSINESS WIRE)--AAI Corporation, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that its United Kingdom (U.K.) based strategic business ESL Defence Ltd. has sold its 500th Baringa Missile Warning System Test Set. This milestone occurred with a sale to the U.K. Ministry of Defence — also the first customer to purchase a Baringa —...
As the traditional revenue engine of Textron Inc. experiences a stall, sales of military drone planes sold under the company’s Wilmington-based aerospace and defense unit are flying high.
Airbags could prevent RPGs from exploding and neutralize the blast of improvised explosives Despite the vehicles’ armor, rocket-propelled grenades (RPGs) can still take out Humvees and MRAP vehicles with ease. But a company wants to change that equation with airbags that neutralize incoming RPGs and prevent them from exploding. Textron’s Tactical RPG Airbag Protection (TRAP) system uses...
ARLINGTON, Va., Nov. 5 /PRNewswire-USNewswire/ -- Textron Inc. won two categories of the 2009 AIA Worker Safety Award, and DRS Technologies and Raytheon Company also took honors in the fourth annual installment of the awards, which were announced Thursday.
I was shocked to see a recent post on our sister site, DoD Buzz, about a new defensive countermeasure to RPGs being developed by Textron. The system, called TRAPS uses an armored air bag to absorb the impact of an RPG, rendering it inert. According to Greg Grant’s story, the TRAPS uses radar to detect the [...]
Textron Systems Corp. said Wednesday that it named Robert Sullivan chief financial officer, effective Jan. 4. Sullivan will succeed John Condon, who is retiring as senior vice president of finance at Textron Systems, which provides unmanned aircraft systems,... Vice president - Chief financial officer - Finance - Business - Aircraft
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