BUSINESS
By Ted Shelsby and Ted Shelsby,Sun Staff Writer | July 12, 1994
Score a win for the local Westinghouse Electric Corp. division in the latest round of the fight over its production of a multibillion-dollar electronic radar jammer designed to protect fighter planes and their pilots.Westinghouse held a lunchtime rally yesterday at its Linthicum complex to allow company executives and about 500 workers to express their appreciation to U.S. Sens. Paul S. Sarbanes and Barbara A. Mikulski for warding off legislation that would have spiked about $400 million of impending orders for the system, thus preserving 200 jobs.
BUSINESS
By Greg Schneider and Greg Schneider,SUN STAFF | February 13, 1997
The Congressional Budget Office will release a report today that finds "major problems" with the Pentagon's plan to modernize its fleet of fighter planes, sources said.The tactical aviation report was requested by Rep. Curt Weldon, a Pennsylvania Republican and key member of the House National Security Committee who has been a critic of costly plans to buy new fighter planes.Weldon has scheduled a 9: 30 a.m. news conference to discuss the report.The study will show that the effort to modernize the national arsenal by buying F/A-18E/F, F-22 and Joint Strike Fighter planes is "not going to be affordable in its current form," said one source familiar with the report.
BUSINESS
By Ted Shelsby | October 17, 1990
AAI Corp. has been awarded a military contract to develop an improved system for aligning weapons on fighter planes and helicopters and increasing pilots' chances of hitting targets, the Cockeysville company announced yesterday.The development work gives AAI "a leg up on the competition" for a full-scale production contract for 500 or more electronic units that could total more than $100 million, said Frederick J. Jaklitsch, an operations manager at the Baltimore County defense contractor.
BUSINESS
By Robert Little and Robert Little,SUN STAFF | July 27, 2001
Lockheed Martin Corp. reported yesterday that its profit tripled in the second quarter, despite fewer sales of fighter planes, rockets and other of its signature products. The Bethesda-based defense giant also said it expects income growth to continue, predicting an earnings increase of 30 percent to 35 percent for the year. "They've done what they said they would do - reduce debt, divest divisions - and it has worked," said Paul H. Nisbet, an aerospace analyst for JSA Research Inc. Lockheed Martin earned $144 million, or 33 cents a share, in the second quarter, compared with $42 million, or 11 cents a share, posted for the second quarter of 2000.
NEWS
By Borzou Daragahi and Borzou Daragahi,LOS ANGELES TIMES | September 20, 2007
DUBAI, United Arab Emirates -- A senior Iranian military official said yesterday that his country had drawn up plans to launch airstrikes against Israel in case of war between the two countries, according to an interview published by an Iranian news agency. Gen. Mohammed Alavi, a deputy commander in the Iranian air force, told the semi-official Fars News Agency that his country could attack Israel with long-range missiles as well as fighter planes in case of war between the two countries.
BUSINESS
By Ted Shelsby and Ted Shelsby,Sun Staff Writer | November 11, 1994
Westinghouse Electric Corp.'s local division has received a $195.6 million order for 157 radar units to be used on F-16 fighter planes, the Department of Defense announced yesterday.The radars will be installed on planes being purchased by Taiwan.The announcement is more good news for Maryland's battered defense industry, coming a day after Martin Marietta Corp.'s Middle River plant received a $298 million contract to build rocket launchers for the Navy.Yesterday's contract stems from a 1992 decision by President George Bush to authorize a $6 billion sale of 150 F-16 jet fighters to Taiwan.