Business

Leonardo DRS to provide advanced sensors to BAE Systems

Posted April 30, 2018 by

Leonardo DRS Inc., announced April 27 it has partnered with BAE Systems to provide advanced sensors for BAE Systems’ 2-Color Advanced Warning System, which is being developed under a contract with the U.S. Army for its Limited Interim Missile Warning System Quick Reaction Capability. The 2C-AWS system is designed to protect U.S. Army rotary wing…

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Business

Lockheed Martin’s modernized TACMS missile successfully completes sixth consecutive flight test

Posted May 23, 2017 by

Lockheed Martin’s modernized Tactical Missile System missile successfully completed a long-range mission in its sixth consecutive successful flight at White Sands Missile Range, N.M. The TACMS missile used in this test, launched from a High Mobility Artillery Rocket System launcher, was “hot-conditioned” (the launcher was held in an environmental chamber until just prior to launch…

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Business

General Dynamics awarded $432 Million by U.S. Navy for Virginia-class sub work

Posted December 11, 2017 by

General Dynamics Electric Boat has been awarded a $432 million contract modification by the U.S. Navy to provide research and development and lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the contract, Electric Boat will undertake development studies and other work related to Virginia-class submarine…

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Business

First tidal energy turbine with LM technology deployed off Scottish coast

Posted February 24, 2017 by

Atlantis Resources Limited has deployed the first AR1500 tidal energy turbine with new Lockheed Martin technology off the coast of Scotland. The installation is the latest development in the MeyGen project designed to harness the motion of the tides to provide clean, sustainable, predictable power for up to 175,000 homes in Scotland. Under contract and…

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Business

UTC Aerospace Systems helps launch the first flight of Embraer’s next-generation E2-Jet

Posted June 1, 2016 by

UTC Aerospace Systems played a key role in the successful first flight of the next-generation Embraer E-Jet E2. On board its maiden flight, the E2 was equipped with numerous systems and components from UTC Aerospace Systems. UTC Aerospace Systems is a unit of United Technologies Corp UTC Aerospace Systems has also been selected by Embraer…

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Boeing, China Eastern Airlines finalize order for 15 787-9 Dreamliners

Posted April 29, 2016 by

Boeing [NYSE: BA] and China Eastern Airlines April 28 finalized an order for 15 787-9 Dreamliners. The order, valued at nearly $4 billion at current list prices, strengthens China Eastern’s expanding long-haul fleet. “We are very happy to introduce the new 787 Dreamliners into our long-haul fleet,” said China Eastern Airlines Chairman Liu Shaoyong. “The…

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Business

U.S. Air Force awards Lockheed Martin $116 million contract option for JASSM-ER production

Posted April 22, 2016 by

Lockheed Martin received a $116.8 million contract from the U.S. Air Force for continued production of Joint Air-to-Surface Standoff Missile-Extended Range. This contract exercises an option in the Lot 14 contract and includes 100 JASSM-ER missiles. Work under this contract option is expected to be complete by June 2019. The award brings the total number…

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Business

Boeing, Jet Airways confirm order for 75 737 MAX 8 airplanes

Posted November 9, 2015 by

Boeing and Jet Airways, India’s premier international airline, announced an order for 75 737 MAX 8 airplanes at the 2015 Dubai Airshow Nov. 9. The announcement marks the largest order in Jet Airways’ history and supports the airline’s replacement strategy to have the most modern and environmentally progressive airplane fleet. The order, previously attributed to…

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Business

Airbus’ majority stake in C Series partnership with Bombardier, Investissement Québec comes into effect

Posted July 2, 2018 by

The closing of the previously announced C Series transaction between Airbus SAS, a wholly-owned subsidiary of Airbus SE, Bombardier Inc. and Investissement Québec came into effect on July 1, 2018. Airbus now owns a 50.01 percent majority stake in C Series Aircraft Limited Partnership, while Bombardier and Investissement Québec own approximately 34 percent and 16…

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Business

Lockheed Martin to sustain sensors on Saudi Arabia’s F-15 fleet

Posted November 9, 2015 by

Lockheed Martin has received a $262.8 million contract from the U.S. Air Force for sustainment of the Kingdom of Saudi Arabia’s F-15 sensor suite. The sensor suite includes Sniper® Advanced Targeting Pods, LANTIRN Extended Range navigation pods and Infrared Search and Track systems. Under the contract, Lockheed Martin will collaborate with Advanced Electronics Company to…

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