Aerospace-Defense News

“He'll take over at 62, which probably gives him a few months before people start asking about his succession planning”

General Dynamics Corp. has tapped a former U.S. Navy admiral to replace chief executive Nick Chabraja next year, a move that highlights the growing importance of the company's ship-building business. via MarketWatch

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“AIG guarantees AIGFP's obligations, so the potential strain of the losses to the parent contributed to the downgrade.”

American International Group's whopping $7.81 billion first quarter loss brought an immediate reaction from Standard & Poor's Ratings Services. via Insurance Journal West

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“Alliant Techsystems believes that this initial rejection is simply part of the process that involves negotiations and could run several rounds”

Alliant Techsystems Inc., the largest supplier of bullets for the M-16 rifles used by the U.S. Army in Iraq, said fourth-quarter earnings rose 19 percent, beating analysts' estimates, on higher sales of rockets ... via St. Paul Pioneer Press

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Sierra Nevada Corp., a Sparks-based system integrator and electronic systems provider, has signed a contract with global satellite data communications company ORBCOMM Inc., involving several next-generation ... via Reno Gazette-Journal

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Warner Music Drops on Wider Loss, Suspends Dividend; Barr Plunges on Quarterly Profit Miss, Lowers Forecast; DRS Technologies in Talks for "Strategic Transactions" via ClipSyndicate

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The Italian defense contractor Finmeccanica SpA is in "advanced talks" to buy DRS Technologies , according to the Wall Street Journal. via The Jersey Journal

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“We will be informed of the final decision in about a week.”

Alliant Techsystems Inc. of Minneapolis says it has modified its bid to purchase a part of Canada's leading space company, MacDonald Dettwiler Associates Ltd. via National Post

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NBC Universal, a unit of General Electric Co, plans to say next week that the entry price for a 2009 Super Bowl 30-second ad will be $3 million, the Wall Street Journal said on Tuesday. via Reuters

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“It is the best the US Navy has to offer. I am looking forward to your air crews coming and looking at this because they will fall in love with it.”

The Australian navy's cancelled order for the troubled Super Seasprite helicopters could be replaced by the latest version of the Seahawk, now entering service with the US Navy. via The Age

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Eaton Corp. said the decision by the Department of Defense to buy 167 Bell Boeing V-22 Osprey tiltrotor aircraft will lead to an estimated $120 million in revenues for the company over the life of the multiyear ... via Crain's Cleveland Business

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