Lockheed Martin, stung Oct. 10 by a Navy decision to award Raytheon the contract to develop and build a new radar that could be installed on generations of new missile ships, filed a protest Oct. 22 against the decision.
The U.S. Navy said Oct. 23 it issued a stop-work order to Raytheon on a next-generation air and missile defense radar valued at $1.6 billion after Lockheed Martin filed a protest of the contract award.
The head of Boeing’s rotorcraft unit said strong international demand would help limit the pain of a decline in U.S. military spending and that discussions with Japan about a possible purchase of V-22 tiltrotors had accelerated in recent months.
Car and plane maker GKN posted a 34 percent rise in third quarter profit as strong growth at its automotive and commercial aerospace units made up for sluggish demand in military and industrial markets.
Lockheed Martin’s third-quarter profit soared 20.1 percent in spite of weaker sales and Pentagon budget cuts, spurring the world’s largest defense contractor to boost its earnings outlook for the year.
Aerospace Industries Association CEO Marion Blakey discusses the defense industry and budget cuts.
Rolls-Royce Holdings Plc has begun work on a jet engine design that would be the foundation of a new family of power plants that would replace the Trent series used on Airbus and Boeing wide-body airliners.
Beechcraft, the U.S. plane maker that exited bankruptcy protection in February, has drawn takeover interest from at least three suitors, including Brazil’s Embraer SA and India’s Mahindra & Mahindra, said people familiar with the matter.
Dassault Aviation SA, the maker of Rafale combat planes, introduced a business jet that features a taller cabin for extra comfort to help it compete with long-range Gulfstream Aerospace and Bombardier models.
Boeing said it is on schedule to publicly commit to building its 777X aircraft this year, readying a competitor to Airbus’ wide-body A350, as Emirates and Etihad Airways discuss orders with the world’s largest plane maker.
Air Force officers entrusted with the launch keys to long-range nuclear missiles have been caught twice this year leaving open a blast door that is intended to help prevent a terrorist or other intruder from entering their underground command post, Air Force officials said.
The upward trend in unemployment for post-9/11 veterans continued in September, with the jobless rate climbing to 10.1 percent — the second straight month of double-digit unemployment for the group.
Scientists have discovered how the atmosphere of Mars turned to stone. British researchers believe they have worked out how Mars lost its early carbon-dioxide-rich atmosphere to become the cold and arid planet it is today.
An international team of astronomers has detected the most distant galaxy yet. The galaxy is about 30 billion light-years away and is helping scientists shed light on the period that immediately followed the Big Bang.
The forthcoming launch of a spacecraft to Mars by India is likely to stoke the fires of a burgeoning Asian space race. The Indian Space Research Organisation is making its final preparations to send an orbiter to the Red Planet.
South Korea is nearing a decision to buy some Lockheed Martin Corp F-35 fighter jets, but will likely keep its options open for a limited purchase of Boeing’s F-15, sources familiar with the country’s fighter competition said Oct. 23.
NATO intends to refine its ambitious plan to train a fully functional Afghan air force and focus only on the most critical military capabilities needed after the combat mission ends by December 2014, according to the head of the Afghan air training command for the Western alliance.
Soldiers attending a pre-deployment briefing at Fort Hood say they were told that evangelical Christians and members of the Tea Party were a threat to the nation and that any soldier donating to those groups would be subjected to punishment under the Uniform Code of Military Justice.