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Business

Lockheed Martin to build advanced sonar systems as Navy’s heavyweight torpedo returns to production

Posted May 25, 2016 by

Lockheed Martin photograph Lockheed Martin will provide fully integrated guidance and control sections to increase the inventory of MK 48 Mod 7 torpedoes. The MK 48 torpedo is used by all classes of submarines as their anti-submarine warfare (ASW) and anti-surface warfare (ASuW) weapon. Lockheed Martin will provide the U.S. Navy the latest advancements in…

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Business

Boeing signs commitments for 40 high-capacity 737 MAX 8s, 53 MAX 8 airplanes

Posted July 18, 2018 by

Boeing and four customers have signed commitments for a total of 93 737 MAX airplanes, including a carrier that has committed to 40 of the high-capacity version of the MAX 8 airplane.

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Business

U.S. Army awards Raytheon $130 million for TOW missiles

Posted June 13, 2018 by

Raytheon has received a $129.9 million U.S. Army contract for continued production of the tube-launched, optically-tracked, wireless-guided TOW® weapon system. The award is a modification to Raytheon’s existing $320 million production contract. The TOW weapon system—with the multi-mission TOW 2A , TOW 2B and TOW Bunker Buster missiles—is a long-range precision, heavy anti-tank and assault weapon…

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Business

Contract Briefs

Posted April 24, 2017 by

Navy   Electric Boat Corp., Groton, Conn., is being awarded a $95,550,000 cost-plus-fixed-fee modification to a previously awarded contract (N00024-13-C-2128) for the manufacturing of 17 tactical missile tubes in support of the Columbia Class Submarine (formerly known as the Ohio Class Replacement).  This is a joint U.S./United Kingdom Common Missile Compartment program and this modification…

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Business

DARPA awards Rocket Crafters contract to design, develop, test large-scale hybrid rocket engine

Posted July 26, 2017 by

Rocket Crafters, Inc. announced July 25 it has been awarded a $542,600 research contract by the Defense Advanced Research Projects Agency. Under the terms of the agreement, RCI is tasked to build and test a large-scale hybrid rocket engine using RCI’s patented Direct-Digital Advanced Rocket Technology™. During the eight-month period of performance, RCI aims to…

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Business

Lockheed Martin advances modernization of current GPS ground control system

Posted December 2, 2016 by

COLORADO SPRINGS, Colo., Dec. 1, 2016 /PRNewswire/ — Lockheed Martin has completed a major upgrade to modernize the current ground control system of the U.S. Air Force’s Global Positioning System satellite constellation. The Commercial Off-the-Shelf Upgrade #2 project is the latest step in the Air Force’s multi-year plan to refresh technology and transform the legacy Operational…

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Business

Lockheed Martin CEO discusses growth plans, international expansion

Posted March 22, 2017 by

Lockheed Martin Chairman, President and Chief Executive Officer Marillyn A. Hewson shared an update on the corporation’s key programs and highlighted opportunities for continued business growth in the U.S. and abroad during the company’s annual Media Day event. Hewson also discussed the current business environment and the corporation’s role in strengthening national and economic security. “Elected leaders…

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Business

Aerospace firm successfully tests solar-powered aircraft

Posted June 13, 2016 by Frank Eltman

A test pilot successfully flew a solar-powered prototype aircraft June 10 for a company that envisions manufacturing a fleet of drones to provide aerial internet service for an estimated 4 billion people worldwide. The test flight by Luminati Aerospace LLC took place at a former Northrop Grumman defense plant on eastern Long Island, N.Y., that…

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Business

Contract Briefs

Posted July 1, 2016 by

Air Force   Raytheon Co. – Missile Systems, Tucson, Ariz., has been awarded an $118,526,926 firm-fixed-price contract for Lot 9 Miniature Air Launched Decoy Jammer vehicles and support equipment. Work will be performed in Tucson, Ariz., and is expected to be complete by June 30, 2020. This award is the result of a sole-source acquisition….

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Business

Boeing to acquire KLX Inc. to enhance services business growth

Posted May 2, 2018 by

Boeing announced May 1 it has entered a definitive agreement to acquire KLX Inc. to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling $4.25 billion. Boeing’s acquisition of KLX Inc. will include KLX Inc.’s Aerospace Solutions Group,…

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