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Business

Aerospace deals drive uptick in fourth quarter M&A activity

Posted February 8, 2013 by

Total merger and acquisition value increased in the aerospace and defense sector in the fourth quarter of 2012, following an anemic first nine months of the year, according to Mission Control, a PwC U.S. quarterly analysis of merger and acquisition activity in the global aerospace and defense sector. Aerospace deals continued to represent the bulk…

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DOD photograph by Erin A. Kirk-Cuomo
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Defense

SecDef, Joint Chiefs chairman discuss carrier decisions

Posted February 8, 2013 by Jim Garamone

DOD photograph by Erin A. Kirk-Cuomo Secretary of Defense Leon E. Panetta and Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey brief the press at the Pentagon. Panetta and Dempsey went in depth on the drastic effects of sequestration should it take effect at the end of March. Deep, across-the-board spending cuts scheduled…

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boeing-silkair
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Business

Boeing, SilkAir sign exclusive pilot training agreement

Posted February 8, 2013 by

Boeing and Singapore-based SilkAir announced a five-year exclusive pilot training agreement Feb. 6. The training agreement will support SilkAir’s fleet transition to Boeing airplanes. “SilkAir pilots will soon train with the most experienced 737 instructors,” said Leslie Thng, SilkAir Chief Executive. “The experience and expertise at Boeing will ensure a smooth transition when we take…

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Defense

Panetta warns sequestration threatens national readiness

Posted February 8, 2013 by SFC Tyrone C. Marshall Jr.

In some of his strongest language to date, Defense Secretary Leon E. Panetta warned Feb. 6 that looming, massive cuts in the Defense Department budget set to be triggered by sequestration next month would pose the “most serious readiness crisis” to the country in over a decade. Panetta made the comments during a speech to…

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Business

Northrop Grumman successfully flight demonstrates new mission management control system for UASs

Posted February 8, 2013 by timchisham

Northrop Grumman successfully flew a RQ-4 Global Hawk unmanned aircraft for the first time using open architecture-based command and control software and hardware developed by the company, moving the company one step closer to offering its common Mission Management Control System product, which can be implemented across various unmanned aircraft systems to improve mission effectiveness…

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Defense

Secretary discusses 2014 defense budget request

Posted February 8, 2013 by Jim Garamone

Defense Secretary Leon E. Panetta revealed that the proposed military pay raise for 2014 is 1 percent, and that the department is proceeding in a logical, careful way to do its part to cut the deficit and preserve military capabilities. Panetta and Army Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff,…

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Business

UTC discloses $3.5 million in revenue for two overseas affiliates ending Iran business

Posted February 8, 2013 by

United Technologies Corp. says two overseas affiliates earned $630,000 as the company ended business with Iran. The aerospace and building systems conglomerate based in Hartford, Conn., disclosed in its annual report Feb. 7 that its non-U.S. affiliates generated $3.5 million in revenue √¨related to the orderly winding down of legacy business related to sale of…

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Events

NASA hosts first Google+ hangout connecting with space station

Posted February 8, 2013 by

NASA will host its first Google+ Hangout live with the International Space Station from 11 a.m. to noon EST, Feb. 22. This event will connect NASA’s social media followers with astronauts on the ground and living and working aboard the laboratory orbiting 240 miles above Earth. Google+ Hangouts allow as many as 10 people to…

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Army photograph by Spec. Roland Hale
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Defense

Divisions will get 9 Gray Eagles to train, but deploy with 12

Posted February 8, 2013 by C. Todd Lopez

Army photograph by Spec. Roland Hale An MQ-1C Gray Eagle unmanned aircraft makes its way down an airfield on Camp Taji, Iraq, before a surveillance mission in the Baghdad area, in this undated file photo. The Army plans additional Gray Eagle units, one for each of 10 active-duty divisions, and several more for special operations…

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NASA photograph by Carla Thomas
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Business

Boeing Phantom Eye completes taxi tests, readies for return to flight

Posted February 8, 2013 by

NASA photograph by Carla Thomas Boeing’s liquid hydrogen-powered Phantom Eye unmanned aircraft system has completed taxi testing at Edwards Air Force Base, Calif., as it progresses toward its second flight. During the testing, which occurred Feb. 6, the Phantom Eye demonstrator aircraft sitting atop its launch cart reached speeds up to 40 knots, or approximately…

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