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CFIUS approval clears XCOR Aerospace’s first close of series B financing

Posted May 28, 2014 by

MOJAVE, Calif. -XCOR Aerospace announced May 27 that the U.S. Treasury Department’s Committee on Foreign Investment in the United States has approved the Series B lead investment by Dutch investors. The first closing of XCOR’s new round of finance issued $14.2 million of Series B preferred shares. XCOR will use the funds to bring the…

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Raytheon honors supplier excellence from around globe

Posted June 18, 2014 by

Raytheon has recognized the exceptional performance of more than 180 supplier partners that support the company’s Integrated Defense Systems business unit. Honored at IDS’ annual Supplier Excellence Awards event, suppliers from around the globe were recognized with 3-, 4- and 5-Star awards, measured on quality standards, on-time delivery, process improvement initiatives, and success in meeting…

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Anti-submarine warfare continuous trail unmanned vessel under construction, at-sea testing expected by 2015

Posted July 7, 2014 by

An autonomous unmanned vessel designed to track quiet diesel-electric submarines spanning miles of ocean depths for months at a time with minimal human input is now under construction and is expected to set sail for testing in 2015. Leidos, a national security, health and engineering solutions company, has begun construction on ACTUV (Autonomous Continuous Trail…

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Boeing, Hainan Airlines announce commitment for 50 737 MAX 8s

Posted July 18, 2014 by

  Boeing and Hainan Airlines July 16 announced that the two companies are finalizing terms and working toward a purchase agreement for 50 737 MAX 8s, reaffirming the Chinese airline’s preference for an all-Boeing single-aisle fleet. The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of…

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Army photograph by SSgt. Angela Stafford
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Engineers developing safer, more accurate tracer round

Posted July 30, 2014 by Audra Calloway

Engineers at Picatinny Arsenal are researching a way to develop a new type of tracer round that not only would perform its function during the day as well as night, but also improve shooter accuracy and keep soldiers safer by reducing their visual signature.

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F-35 flight test program milestones maturing combat capabilities

Posted August 25, 2014 by

The Lockheed Martin F-35 Joint Strike Fighter program continued a steady path of flight test milestones in August, including weapons separation, software compatibility and flight hours, all demonstrating program maturity. “The test milestones are a direct result of the detailed planning, coordination and execution between various government teams and the integrated test force,” said J.D….

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DRS Technologies to provide ship self-defense hardware

Posted September 15, 2014 by

DRS Technologies Inc., a Finmeccanica Company, announced that the U.S. Navy has awarded the company access to a $31.8 million indefinite-delivery/indefinite-quantity contract to provide command and control hardware products for the service’s Ship Self-Defense System Mark 2, used on Navy aircraft carriers and amphibious assault ships. SSDS is a ship-borne battle management system that integrates…

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Sikorsky S-92Æ helicopter marks decade of trusted service, performance

Posted September 26, 2014 by

Sikorsky Aircraft Corp. announced Sept. 26 that September marks the 10-year anniversary of delivery of the first production S-92Æ helicopter. Sikorsky Aircraft is a subsidiary of United Technologies Corp. “On behalf of Sikorsky, I would like to congratulate and thank all of our customers, suppliers and employees upon reaching this milestone,” said Carey Bond, president,…

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Qatar becomes 8th international customer for Lockheed Martin’s PAC-3 missile

Posted October 15, 2014 by

The government of Qatar has selected Lockheed Martinís PAC-3 Missile, becoming the newest international customer for the program. The initial contract is for missile and command launch system production. The PAC-3 Missile will provide the Qatar Air Force with proven, reliable performance with unmatched hit-to-kill lethality,î said Scott Arnold, vice president of PAC-3 programs at…

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Boeing, Monarch Airlines finalize order for 30 737 MAX 8s

Posted November 3, 2014 by

Boeing and Monarch Airlines Oct. 31 finalized an order for 30 737 MAX 8s worth more than $3.2 billion at current list prices.

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