Business

Contract Briefs

Posted January 3, 2018 by

Air Force   Raytheon, Woburn, Mass., has been awarded a $333,355,700 firm-fixed-price, cost-plus-fixed-fee contract for a Surveillance Radar Program operations and maintenance follow-on sustainment package that includes contractor logistics support (sustainment); engineering services and technical updates to address equipment obsolescence; transportation and material costs associated with contractor repair and return services; spare and repair parts;…

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Gray Wolf: USAF awards Lockheed Martin $110 million for networked cruise missile

Posted December 28, 2017 by

Lockheed Martin has received a $110 million, five-year Phase 1 contract from the U.S. Air Force Research Laboratory to develop and demonstrate a new low-cost cruise missile called Gray Wolf.

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Business

Boeing, Royal Air Maroc announce orders for Four 787 Dreamliners

Posted December 28, 2017 by

Boeing and Royal Air Maroc (RAM) announced Dec. 27 orders for (4) 787-9 Dreamliners – valued at $1.1 billion at list prices – that will enable Morocco’s flag carrier to expand international service. The orders, previously listed as unidentified on Boeing’s Orders & Deliveries website, include two 787s purchased in December 2016 and two purchased…

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Korean Air takes delivery of first Bombardier C Series powered by Pratt & Whitney engines

Posted December 28, 2017 by

Pratt & Whitney, a division of United Technologies Corp., and Korean Air Lines Co., Ltd. celebrated Dec. 22 the delivery of the airline’s first Bombardier CS300 aircraft powered by Pratt & Whitney’s Geared Turbofan engine. Bombardier hosted a delivery ceremony in Mirabel, Canada where both C Series and GTF final assembly take place. “Today we celebrate…

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Boeing photograph by Gail Hanusa
Business

Boeing receives contract from Japan for KC-46 tanker

Posted December 28, 2017 by

Through the Foreign Military Sale process, the U.S. Air Force has awarded Boeing a $279 million contract for the Japan Air Self-Defense Force’s first KC-46 tanker and logistics support, marking the aircraft’s first international sale.

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Boeing KC-46 tanker program receives FAA certification for its 767-2C aircraft

Posted December 22, 2017 by

The U.S. Federal Aviation Administration has granted Boeing’s KC-46 tanker program an Amended Type Certificate for its core 767-2C aircraft configuration, verifying that the fundamental design of the KC-46 tanker is safe and reliable.

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Business

Lockheed Martin receives $944 million contract for PAC-3 missiles

Posted December 22, 2017 by

The United States and allied military forces will upgrade their missile defense capabilities under a new $944 million contract for production and delivery of Lockheed Martin Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors. The contract includes PAC-3 and PAC-3 MSE interceptors and launcher modification kits for the U.S. Army, Romania…

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Boeing, Brazil’s Embraer confirm talks over possible deal

Posted December 22, 2017 by

Shares of the aircraft maker Embraer soared Dec. 21 after the Brazilian company confirmed media reports that it’s in talks with Boeing regarding a possible deal. The Wall Street Journal reported that Boeing would be willing to pay a big premium to buy the company that has a market value of about $3.7 billion. Boeing…

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Boeing photograph by Eric Shindelbower
Business

Boeing shares sneak peek of aerial refueler for MQ-25 competition

Posted December 20, 2017 by

Boeing for the first time is showing what it believes is the unmanned aircraft system best suited for refueling U.S. Navy jets operating from aircraft carriers.

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Business

Lockheed Martin receives U.S. Air Force contract to sustain, upgrade sniper pods

Posted December 20, 2017 by

The U.S. Air Force awarded Lockheed Martin a contract to provide sustainment and upgrades for its fleet of 683 Sniper ® Advanced Targeting Pods. Valued at up to $961 million, the five-year, Indefinite Delivery/Indefinite Quantity (ID/IQ) contract allows the Air Force to place orders for logistics, spares, software and sensor enhancements, among other activities. “This…

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