Business

Electric Boat president shares positive business outlook

Posted January 27, 2016 by Jennifer McDermott

GROTON, Conn.–U.S. Navy contractor Electric Boat is building and designing so many submarines that the company’s president told a group in Connecticut Jan. 25 it’s a “terrific time” to be in the submarine business. Funding for submarine programs is projected to increase from $7.2 billion in the 2016 fiscal year to more than $8 billion…

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Business

Raytheon’s enhanced Coyote UAV flies into hurricanes for NOAA

Posted January 22, 2016 by

Raytheon is providing its enhanced Coyote® Unmanned Air System to the National Oceanic and Atmospheric Administration for hurricane tracking and modeling, giving researchers an unprecedented perspective from inside storms that build in the Atlantic Ocean. The Coyote is a small, expendable UAS that can be tube-launched from a host vehicle on the ground or in…

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Business

CNO visits Boeing Defense headquarters

Posted January 22, 2016 by

Boeing photograph by Richard Rau Adm. John Richardson, the U.S. Navy’s Chief of Naval Operations (right), shakes hands with Bill Loggins, F/A-18 assembly foreman and a Navy veteran, during a visit to Boeing’s St. Louis site on Jan. 20. Looking on is Larry Kurwicki, a Boeing employee in F/A-18 Programs (center). Richardson’s visit included tours…

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Business

Boeing to reduce 747 production rate, recognize fourth-quarter charge

Posted January 22, 2016 by

Boeing announced Jan. 21 it will lower the production rate on the 747-8 program to match supply with near-term demand in the cargo market. To account for the market and production impacts, the company will recognize a $569 million after-tax charge ($0.84 per share) when it announces financial results for the fourth quarter of 2015….

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Business

Successes — and hardware — stack up for Raytheon’s AMDR

Posted January 18, 2016 by

Raytheon has announced its AN/SPY-6(V) Air and Missile Defense Radar (AMDR) team has completed the first full radar array, fully populated with component Line Replaceable Units, including more than 5,000 Transmit/Receive elements, in 140 days. In less than two years, the radar has been designed, built and transitioned to test; the Engineering and Manufacturing Development…

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Business

UTC appoints Pratt & Whitney president

Posted January 18, 2016 by

United Technologies Corp. announced Jan. 14 the appointment of Robert Leduc as president of Pratt & Whitney. Leduc, who most recently served UTC as president of Sikorsky Aircraft prior to its sale, succeeds Paul R. Adams, who is retiring at the end of February. Adams and Leduc will work over the next weeks to assure…

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Business

Raytheon completes active seeker test for Tomahawk cruise missile

Posted January 15, 2016 by

Raytheon has completed a successful captive flight test of a seeker designed for the Tomahawk Block IV cruise missile. The seeker will enable Tomahawk to engage moving targets on land and at sea.

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Business

Boeing to help Air Force keep T-38 flying through 2026

Posted January 15, 2016 by

Boeing, which has maintained and supported the U.S. Air Force T-38 Talon trainer fleet for 16 years, will do that for another 10 years through a new contract worth up to $855 million. The company will work on avionics, cockpit displays, control panels, and communications systems for 456 of the aircraft as well as upgrading…

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Business

Boeing, SPEEA announce tentative agreement on new contract extension

Posted January 15, 2016 by

Boeing and the Society of Professional Engineering Employees in Aerospace announced Jan. 13 a tentative agreement on a new six-year contract extension, following several weeks of discussions. SPEEA’s Executive Board and Bargaining Unit Councils have endorsed the offer, which will be put up for a vote by the membership from Jan. 27 to Feb. 10,…

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Business

Boeing delivers six enhanced B-52 weapons bay launchers

Posted January 13, 2016 by

Six of the U.S. Air Force’s B-52 bombers can now take flight with a greater variety of weapons, thanks to enhanced internal weapons bay launchers delivered by Boeing.

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