Sikorsky delivers 300th Seahawk

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Sikorsky Aircraft and the U.S. Navy celebrated the delivery of the 300th Seahawk helicopter in Stratford Wednesday. Off the East Coast of Africa patrolling for pirates, delivering humanitarian aid in Japan and supporting NATO missions in Libya, Rear Admiral Paul Grosklags, vice commander Naval Air Systems Command, said the Seahawk has become the first responder […] [Read More]
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Military looking to cut energy usage

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In a speech Tuesday, Deputy DefenseSec. William Lynn III called for more fuel efficiency as conflicts have become long-term. DoD will be creating energy usage plans and could be investing in newer greener tech. It will also be looking for better jet and helicopter performance, presumably. Visit defense.gov for details [Read More]
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Hexcel shares surge Tuesday

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Shares of Stamford-based Hexcel Corp. surged more than 8 percent in morning trading as executives headed into a meeting with analysts to discuss first quarter performance. Hexcel, the maker of composite materials and engineered products for aircraft and industrial uses, reported net income of $26.4 million, or 26 cents per share, for the first quarter […] [Read More]
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Hexcel to report later today

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Stamford-based Hexcel Corp., a supplier of key composite materials and engineered products to the aerospace and defense markets, is expected to report today, Monday, after the closing bell on the New York Stock exchange. Hexcel, showed stronger earnings in the fourth quarter of 2010, and projected better earnings as commercial aviation continued a steady recovery, […] [Read More]
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Sikorsky gets $3.5B Turkey contract

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Stratford-based Sikorsky Aircraft said Friday won an initial contract for a 109 helicopter deal from the Turkish Defense Industry Executive Committee. Sikorsky is providing a variant of its Black Hawk helicopter to serve as the Turkish Utility Helicopter. The helicopters will be assembled in Turkey by Sikorsky’s partner Turkish Aerospace Industries from from U.S. and Turkish […] [Read More]

Nukes out, gas in for GE

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While the Japanese still try to fix the dire problems at the Fukushima nuclear plant and just five days before the  the 25th anniversary marking the Chernobyl nuclear plant disaster GE executives told analysts natural gas is the fuel of choice now. As an aside, if you’re trying to drive by corporate GE HQ in Fairfield […] [Read More]
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GE posts $3.6 billion first quarter

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Fairfield-bases GE said this morning it made $3.6 billion, or 33 cents a share, in net profit in the first quarter on $38.4 billion in revenues. This time last year GE reported $2.3 billion, or 20 cents a share. GE hosts a conference call this morning. Taxes, the future of nuclear energy, interest rates and […] [Read More]
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Acme United posts 10 percent jump in sales

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Fairfield-based Acme United Corp. reported sales jumped 10 percent in the first quarter, but net income was down due to the costs of the acquistion of Pac-Kit. The company reported earnings after the close of the market Wednesday. It’s shares gained 15 cents to close at $9.45 in trading on the NYSE Alternext US market. […] [Read More]
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People’s reports net income of $51.7M

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People’s reported after the bell Wednesday. It’s shared gained 10 cents to close at $12.84 in trading on the Nasdaq Stock Market. Bridgeport-based People’s United Financial Inc. said Wednesday net income increased to $51.7 million, or 15 cents per share, for the first quarter of 2011, compared to $13.6 million, or 4 cents per share, […] [Read More]
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UTC reports Sikorsky sales of $1.5B

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Sikorsky delivered 51 military helicopters and 7 commercial in the first quarter to post an operating profit of $141 million. Last year Sikorsky delivered 53 aircraft in the first quarte. Despite the solid numbers, CFO Greg Hayes thinks Japan troubles and other economic issues could pressure Sikorsky’s second quarter. Sikorsky will have to a recovery […] [Read More]
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