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NEWS IN BRIEF

15 Oct 02. The U.S. Navy and BAE SYSTEMS have successfully completed a series of flight tests of the BAE SYSTEMS AN/ALE-55 Fiber Optic Towed Decoy (FOTD) on the Navy’s new F/A-18 E/F Super Hornet. The success of these tests follows similarly successful test flights on a U.S. Air Force B-1B bomber in June and July. The flight tests, conducted at Naval Air Station Patuxent River, Maryland, were designed to test the endurance and in-flight stability of the FOTD under extremely stressful flight conditions.

17 Oct 02. Evans & Sutherland Computer Corporation (E&S) (Nasdaq:ESCC – News) today reported financial results for the third quarter ended September 27, 2002. All results are unaudited. Total sales for the quarter were $26.6m, (2001: $29.6m). Net loss for the quarter was $1.8m or $.17 per share, (2001:($16.3m, or $1.57)). For the nine months ended September 27, 2002, sales totaled $93.4m (2001: $117.3m). Net loss for the nine-month period was $5.7m, or $.54 per share, (2001: ($27.6m, or $2.73)).

16 Oct 02. Dassault Aviation 1st Half ’02 EPS EUR14.3 Versus EUR12.5
6 Months June 30:

2002 2001
Net Profit EUR145 mln EUR126 mln
Revenue 1.47 bln 1.60 bln
Operating Profit 223 mln 187 mln
Earnings Per Share 14.3 12.5

16 Oct 02. Honeywell International Ltd. (NYSE:HON – News) posted a third-quarter profit compared with a loss last year when it restructured, but announced more job cuts as its key aerospace unit battles slack demand from commercial airlines. The company reported net income of $412 million, or 50 cents a share. (2001: ($308m or 38 cents)),when it took an after-tax charge of $668m for restructuring and other items.

17 Oct 02. United Technologies Corp. (NYSE: UTX – News) today reported third quarter 2002 earnings per share of $1.21, up 8 percent from $1.12 in the same period last year. Net income for the third quarter of 2002 was $612m, (2001: $565m). Consolidated revenues for the third quarter of 2002 were $7.3bn, 5 percent above last year.

15 Oct 02. Northrop Grumman Corporation’s (NYSE:NOC – News) Integrated Systems sector has successfully conducted the first in-flight download of real-time sensor imagery from the U.S. Navy’s RQ-8A Fire Scout vertical takeoff and landing tactical unmanned air vehicle. The three test flights were conducted Oct. 11 at Naval Air Weapons Station, China Lake, Calif. The tactical common data link was used to download the data to the Navy’s Fire Scout ground control station.

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