Editor’s Note: Related tickers: Lockheed Martin Corporation (NYSE:LMT), Northrop Grumman Corporation (NYSE:NOC), General Dynamics Corporation (NYSE:GD), Raytheon Company (NYSE:RTN), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), Textron Inc. (NYSE:TXT)
Lockheed Martin, Microsoft Among Top 10 Renewable Energy-Using Organizations (Patch)
Bethesda-based defense giant Lockheed Martin Corporation (NYSE:LMT) ranked ninth on the Environmental Protection Agency’s list—released Wednesday—of organizations using renewable energy, according to an EPA news release. Microsoft Corporation (NASDAQ:MSFT), whose Mid-Atlantic District headquarters is in Chevy Chase, came in at No. 2 on the list of the nation’s top 50 organizations “that are choosing to use electricity from clean, renewable sources.” Microsoft “moved into second place by increasing its green power use to more than 1.9 billion kilowatt-hours (kWh) annually,” the news release added.
Ontario Cadets Get Access To Lockheed Martin Simulators (OttawaCitizen)
Lockheed Martin Corporation (NYSE:LMT) provided a visual simulation platform that creates training scenarios across aviation, maritime and ground domains to Breslau’s Cadet Youth Development Centre. The Prepar3D® simulation platform will encourage youth to explore science, technology, engineering and math (STEM) through an immersive learning environment. The Cadet Youth Development Centre is home to the 822 Tutor Squadron of the Royal Canadian Air Cadets. As a registered charity, the centre offers free access to aerospace and robotics programs for cadets and youth aged 12-18 years. Its Introduction to Aerospace Through Simulation program engages participants in aviation-based tasks where they build teamwork, leadership and resource management skills while experiencing STEM principles in action.
Lockheed Martin Corporation : Lockheed Martin To Pilot Cloud-Based STEM Capability For Prince George’s County, Md High Schools (4-Traders)
High school students and teachers in Prince George’s County, Md., are now able to access science, technology, engineering and mathematics (STEM) enrichment resources through a secure, cloud-based environment. The county’s Division of Academics and Office of Information Technology have partnered with Lockheed Martin Corporation (NYSE:LMT) to pilot a STEM Innovation Cloud solution for select students and teachers at Fairmont Heights, Suitland and High Point High Schools. During the 90-day pilot program, Lockheed Martin will work with Cisco Systems, Inc. (NASDAQ:CSCO); Men Aiming Higher, Inc, a local community-based organization; and the Prince George’s County Public School System (PGCPS) to provide secure community cloud and high-definition, communications platforms…
Northrop Grumman’s Astro Aerospace receives follow-on order for 48 more JIB antennas for GPS III satellites (YourIndustryNews)
Northrop Grumman Corporation (NYSE:NOC) will provide 48 more self-deploying, monopole JIB antennas for Global Positioning System (GPS III) satellites under a follow-on contract from Lockheed Martin Corporation (NYSE:LMT). The work will be carried out by Astro Aerospace, a strategic business unit of Northrop Grumman. With an adaptable design configuration, JIBs can be tailored to specific applications; they are available in monopole diameters from ½ inch to 1 3/8 inches and any length up to 25 feet. Each antenna stows in a compact 4-inch by 4-inch by 2.5-inch canister.
Lockheed to Build OTEC Plant in China (Nasdaq)
Lockheed Martin Corporation (NYSE:LMT) has entered into an agreement with Reignwood Group to develop an Ocean Thermal Energy Conversion (OTEC) pilot power plant located off the coast of southern China. Per the agreement, this offshore plant with an electric generation capacity of 10 megawatt (MW) will be designed by Lockheed Martin. The plant will supply all the power required by a green resort being built by Reignwood Group. Ocean Thermal Energy Conversion is a process that can produce electricity by using the temperature difference between deep cold ocean water and warm tropical surface waters. This technology is best suited for island and coastal communities where energy transportation costs for other sources of power are very expensive.
Northrop Grumman, ADASI and AUVSI Support 2013 Innovation Challenge Flying Competition (AzoRobotics)
Northrop Grumman Corporation (NYSE:NOC) will hold a press briefing to kick off the 2013 Innovation Challenge Flying Competition in coordination with the Higher Colleges of Technology (HCT), Abu Dhabi Autonomous Systems Investments (ADASI) and the Association for Unmanned Vehicle Systems International (AUVSI). The press briefing will provide an opportunity to hear from each participating partner. Following the briefing, media are encouraged to stay to watch the flying competition and interview student competitors and their mentors. In 2010, Northrop Grumman signed a memorandum of understanding with HCT to develop initiatives related to science, technology, engineering and mathematics in the United Arab Emirates (UAE). The Innovation Challenge is a result of this collaboration. In addition, ADASI and AUVSI have since joined in supporting this event, signing memorandums of understanding during the International Defence Exhibition and Conference in February.
Northrop Grumman Launches CUTLASS, Next Generation Unmanned Ground Vehicle (InformationWeek)
Northrop Grumman Corporation (NYSE:NOC) has launched CUTLASS, its latest generation unmanned ground vehicle (UGV), expanding its range of industry-leading capabilities in unmanned systems for the remote handling and surveillance of hazardous threats. CUTLASS has been designed, developed and manufactured by Northrop Grumman in the U.K., and includes significant advances in technology and performance and a range of features that provides state-of-the-art capabilities for national security and resilience applications.
Northrop Grumman Cor’s Equal Weight Rating Reaffirmed at Barclays Capital (NOC) (MideastTime)
Barclays Capital reissued their equal weight rating on shares of Northrop Grumman Corporation (NYSE:NOC) in a research report released on Monday morning, Stock Ratings Network reports. Barclays Capital currently has a $69.00 price target on the stock. Northrop Grumman Corporation (NYSE:NOC) traded down 1.64% on Monday, hitting $70.12. Northrop Grumman Cor has a 52-week low of $56.59 and a 52-week high of $72.67. The stock’s 50-day moving average is currently $68.46. The company has a market cap of $16.627 billion and a price-to-earnings ratio of 9.13.
Northrop Grumman Employees, Teams Honored by the Engineers’ Council (Avionics-Intelligence)
Northrop Grumman Corporation (NYSE:NOC) employees and project teams were recognized by The Engineers’ Council for their significant engineering contributions during the organization’s 58th annual honors and awards banquet on Feb. 23, one of the largest celebrations of National Engineers Week in the nation. Based in California’s San Fernando Valley, The Engineers’ Council is an independent, nonprofit group dedicated to advancing the art and science of engineering. This year, the organization honored Allen A. Arata of Northrop Grumman Aerospace Systems with the Jack Northrop Spirit of Aviation Award. Based in the company’s flight-analysis department in El Segundo, Calif., Arata received the award for his aerodynamic design work, which the organization noted has greatly affected all aspects of aerodynamic design for present and future manned and unmanned military aircraft, especially flying-wing designs such as the B-2 Stealth Bomber.
More Astro Aerospace antennas for GPS-III (UPI)
More self-deploying, monopole JIB antennas for U.S. GPS satellites will be produced by Northrop Grumman Corporation (NYSE:NOC) under a Lockheed Martin Corporation (NYSE:LMT) follow-on award. The number of systems from Northrop’s Astro Aerospace business unit number 48 and will be used on GPS-III satellites under development by Lockheed. The on-orbit U.S. GPS satellite constellation of more than 24 spacecraft is operated by the U.S. Air Force. “The GPS constellation is a key U.S. asset used by millions around the globe every day,” said Astro Aerospace General Manager John Alvarez. “The antennas we supply are designed to help Lockheed Martin and the Air Force meet affordability and mission assurance goals for the next generation of GPS satellites.