Stamford finance firm offers November profits to veterans fund

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Mischler Financial Group — a California investment bank and institutional brokerage with a Stamford office — is pledging 10 percent of its November profits to Children of Fallen Patriots Foundation, a national outfit that gives college scholarships and school counseling to children of soldiers killed in combat. Mischler, which was founded in 1994, is owned […] [Read More]

Sandy Hook’s e4sciences lands $9.9 million Army Corp contract

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A Sandy Hook firm is making waves in the engineering field, winning a competitive bid for a U.S. Army Corp of Engineers contract for engineering and architectural services in the North Atlantic. Founded a little more than a decade ago as Earthworks, the recently renamed e4sciences already has pieces of major projects, including the deepening […] [Read More]
Categories: Defense, Economy

Sikorsky sales down 7 percent as military cuts weigh on profits

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Stratford-based Sikorsky Aircraft actually delivered more helicopters in the first quarter of this year than a year ago, but sales revenue was down 7 percent to $1.24 billion, the aircraft maker’s parent corporation reported Tuesday. United Technologies, the parent of Sikorsky, Pratt & Whitney and several of the most recognized industrial and aerospace brands in […] [Read More]

Sequestration could take $960 million from the state

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Connecticut has updated the impact from sequestration cuts that pegs total lost revenues to the state at more than $960 million. The Office of Fiscal Analysis, after a review of the the spending cuts, estimates Connecticut will lose about $906 million in defense related spending and $56 million in non defense spending, compared to 2010 […] [Read More]

Boeing Sikorsky unveil helicopter of the future

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Boeing and Sikorsky said Thursday they have the U.S. Military’s helicopter of the future. The aviation giants have teamed up to pursue the Army’s Joint Multi-Role contract and will offer up a new breed of helicopter based on Sikorsky’s X2. The X2 is Sikorsky’s experimental helicopter which operates with counter rotating rotors on top of […] [Read More]
Categories: Defense, Sikorsky
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U.S. Army Chief of Staff plans to push out Black Hawk deliveries

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Defense News is reporting today that U.S. Army Chief of Staff Gen. Ray Odierno has signed a plan to deal with sequestration that would include extending the Black Hawk fleet modernization program by three to five years. Sikorsky is currently sitting on a five year, $8.5 billion contract to build the new fleet of Black […] [Read More]

Black Hawk provides Sikorsky cover against sequestration

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With concerns over sequestration hanging over his Sikorsky Aircraft, Pratt & Whitney and UTC Aerospace systems subsidiaries, Louis Chenevert, chief executive officer and chairman of United Technologies, said the company is prepared for a 10 cent hit to earnings per share in a worst case scenario. Chenevert, speaking at the Barclays Conference, was in step […] [Read More]

Sikorsky in financial tussles with Canadians and U.S.

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Stratford-based Sikorsky Aircraft is facing up to $80 million in fines from the Canadian government, Reuters reported this week, if the helicopter maker can’t get the Canadians to accept delivery of the new Cyclone, search and rescue helicopter. UTC reported that Sikorsky had taken a $157 million charge related to delays in  this program in […] [Read More]
Categories: Defense, Sikorsky
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Sikorsky Boeing team up to create Pentagon’s helicopter of the future

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The Pentagon’s Joint Multi-Role demonstrator program is the starting line for a race to win the most lucrative helicopter contract in U.S. history, that is if the government continues to fund it. On Friday, the two largest helicopter makers in the U.S. joined forces to go after the contract, which could ultimately lead to thousands […] [Read More]

Joint Chiefs call on Congress to call off sequestration

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The Joint Chiefs for Staff for the U.S. Military have sent a letter to Congress warning that if they do not stop sequestration, the United States will be left with a hollow force. The letter, reported on by Politico.com’s Morning Defense blog highlights the concerns of the nation’s top military brass. Defense contractors are bracing […] [Read More]