Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Northrop Grumman to Complete Tanker Airframes in 2009

Mon. July 21, 2008; Posted: 10:39 PM
Stocks RSS
FLINT, Mich., Jul 21, 2008 (ASCRIBE NEWS via COMTEX) -- NOC | Quote | Chart | News | PowerRating -- Northrop Grumman Tanker team announced that all four initial tanker System Design and Development (SDD) airframes are scheduled for final assembly and initial flight testing by the end of 2009.

The first two SDD airframes have been built and flown, and are awaiting modification to the tanker configuration.

"As we've always said, Northrop Grumman is ready now; and having all four SDD airframes ready next year shows our commitment to the U.S. Air Force, the Department of Defense and our Airmen who are currently forced to fly 50-year-old tankers," said Paul Meyer, Northrop Grumman vice president and general manager of Air Mobility Systems. "While our competitor still has not built the tanker or boom system they offered -- our configuration is built, tested and flying now -- and has been selected by four other allied nations. Clearly our tanker is superior, offering better fuel efficiency, greater fuel offload and much lower risk. It's won all five competitions against the 767."

The first SDD airframe completed final assembly and conducted first flight in 2007, while the second KC-45 airframe performed first flight in May. The initial KC-45 contract calls for four SDD aircraft before transitioning to Initial Low Rate Production.

"New tankers are needed now, and our team is ready now," Meyer said. "The Air Force selected the KC-45, the only system that is ready to replace the aging tanker fleet and ensure our Airmen have the very best tanker available -- and we're confident we will be selected again."

While other companies continue to move manufacturing offshore, Northrop Grumman's tanker assembly and modification approach reverses that trend, creating 48,000 aerospace jobs in 49 states and bringing work into the United States.

Northrop Grumman's tanker is based on the Royal Australian Air Force's KC-30B Multi-role Tanker Transport, which is on schedule for delivery in 2009. The United States is the fifth straight country to select the A330-based tanker.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

((Distributed via M2 Communications Ltd - http://www.m2.com))

http://www.10meters.com

Comments on this story may be sent to newsdesk@closeupmedia.com

For full details on Northrop Grumman Corp (NOC) click here. Northrop Grumman Corp (NOC) has Short Term PowerRatings of 5. Details on Northrop Grumman Corp (NOC) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [NOC]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.