Business

Boeing officially opens advanced research center in Missouri

Posted October 21, 2015 by

Boeing Oct. 20 opened its new research and technology center in St. Louis. The facility will serve as the company’s regional hub for collaborative technology development with academic institutions and research partners in systems technology. Boeing leaders joined local dignitaries and employees for a ribbon cutting and tours of the research labs. With more than…

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Business

U.S. Army invests in Patriot radar modernization upgrades

Posted November 9, 2015 by

The United States Army is acquiring upgrade kits to make the combat-proven Patriot Integrated Air and Missile Defense system better at detecting and destroying threats, cost less to operate, and run even more reliably than it already does. The U.S. Army recently awarded Raytheon a contract modification to an existing contract for radar digital processor…

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Boeing, BOC Aviation announce order for 22 737s

Posted November 25, 2015 by

Boeing and BOC Aviation, announced an order for 22 737 airplanes, building on the leasing company’s existing order book to fulfill customer demand. The order, consisting of 11 Next-Generation 737-800s and 11 737 MAX 8 airplanes, will be posted to Boeing’s Orders and Deliveries website once finalized. “This order demonstrates our continued confidence in the…

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Business

Austal awarded shipbuilding modification worth up to $198 million

Posted December 28, 2015 by

Austal USA in Mobile, Ala., has been awarded a contract for $51,684,797 to its 10-ship $3.5 billion Littoral Combat Ship contract for the U.S. Navy. This contract modification is expected to increase to $198,385,545 over three years if options are exercised. This work includes design services for upgrades to the LCS and preliminary design for…

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Business

Apache to include the ViaSat Link 16 small tactical terminal in production aircraft

Posted January 29, 2016 by

Boeing has awarded ViaSat Inc. a global broadband services and technology company, a contract for the production of approximately 90 Link 16 Small Tactical Terminals for the Lots 5 and 6 of the AH-64E Apache Guardian Attack Helicopter production line.    The AH-64 Apache is the world’s most advanced multi-role combat helicopter and is used by…

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Business

Lockheed Martin continues building legacy of submarine systems integration

Posted February 24, 2016 by

For 40 years, Lockheed Martin has supported the U.S. Navy’s submarine program by bringing integrated solutions to complex systems including navigation, sonar and communications.

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Business

Lockheed Martin debuts upgraded MK 41 VLS production line

Posted March 25, 2016 by

Lockheed Martin photograph Lockheed Martin, Navy and elected officials cut the ribbon at the ceremonial reopening of the MK 41 Vertical Launching System. BALTIMORE, Md., March 24, 2016 – Lockheed Martin has officially unveiled an upgraded MK 41 Vertical Launching System production line at its Middle River, Md., facility. The MK 41 VLS program supports…

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DOD photograph by SFC Clydell Kichen
Business

Deputy defense secretary inspects P-8A final assembly facility

Posted April 11, 2016 by Cheryl Pellerin

During the final stop on his trip to the Pacific Northwest last week, Deputy Defense Secretary Bob Work inspected the final assembly facilities of the Boeing 737 and its derived military marine patrol aircraft, the P-8A Poseidon.

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Business

High product, labor costs lead to decline in Boeing’s profit

Posted April 29, 2016 by Scott Mayerowitz

Aerospace giant Boeing saw its quarterly earnings plunge 9 percent compared to last year, with the Chicago-based company posting $1.2 billion in profits. Revenues were up 2 percent to $22.6 billion but that was not enough to offset higher costs for Boeing’s products and labor. Boeing is currently in the process of reducing its 160,000-person…

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Business

MIT, Lockheed Martin launch long-term research collaboration

Posted May 16, 2016 by

As part of a new collaborative initiative in autonomy and robotics, MIT and Lockheed Martin engineers will focus on innovations needed to enable generation-after-next autonomous systems. Improvements in human/machine teaming and navigation in complex environments are among the research challenges that Lockheed Martin is inviting MIT faculty and their students to help solve. “We have…

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