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TransDigm to acquire Goodrich Pump & Engine Control Systems

Posted October 26, 2012 by

TransDigm Group Incorporated has entered into a definitive agreement with United Technologies Corporation to acquire the pump & engine control systems business of Goodrich (Goodrich Pump & Engine Control Systems, for approximately $236 million in cash. The acquisition, subject to regulatory approvals and other customary closing conditions, is expected to close late in the current…

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Boeing delivers the 7,370th 737

Posted November 5, 2012 by

Boeing photograph Boeing delivered the 7,370th 737 to come off the production line to Indonesia-based Lion Air Nov. 5. The airplane is Lion Air’s 75th Next-Generation 737. The Boeing 737 is the best-selling commercial jetliner of all time with total orders exceeding 10,100 airplanes, including orders for the new 737 MAX.

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Patriot air, missile defense system receives U.S. Army stamp of approval

Posted November 14, 2012 by

Raytheon’s new-production Patriot Air and Missile Defense System has received the U.S. Army’s final stamp of approval after undergoing stringent testing. During the testing, Patriot’s performance was outstanding when subjected to challenging climatic and electromagnetic environments. “This approval validates the modernized Patriot system’s readiness to counter evolving threats and protect war fighters and allies in…

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Lockheed Martin demonstrates new ground-based laser system in tests against rockets, unmanned aerial system

Posted November 28, 2012 by

Lockheed Martin announced Nov. 27 that it has successfully demonstrated a portable, ground-based military laser system in a series of tests against representative airborne targets. Lockheed Martin developed the Area Defense Anti-Munitions system to provide a defense against short-range threats, such as rockets and unmanned aerial systems. Since August, the ADAM system has successfully engaged…

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Boeing forecasts sufficient financing for rising global aircraft deliveries

Posted December 5, 2012 by

Boeing projects the world’s airlines should see reasonable liquidity and pricing for new-aircraft delivery financing in 2013 even as jet builders ramp up production to meet demand, the manufacturer announced in London, England, Dec. 4 in issuing its fifth annual finance market forecast. “We expect that despite economic and political challenges, global air travel will…

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Raytheon wins DARPA contract to design new military imaging satellites

Posted December 14, 2012 by

Raytheon was awarded a $1.5 million Defense Advanced Research Projects Agency contract for phase one of the agency’s Space Enabled Effects for Military Engagements (SeeMe) program. During the next nine months, the company will complete the design for small satellites to enhance warfighter situational awareness in the battlespace. The SeeMe program will provide useful on-demand…

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Northrop Grumman delivers Global Hawks to U.S. Air Force

Posted January 7, 2013 by

Northrop Grumman photograph by Alan Radecki Northrop Grumman recently delivered two new Global Hawk unmanned aircraft systems to the U.S. Air Force ahead of schedule. Global Hawk allows military commanders to receive high-resolution imagery, survey vast geographic regions and pinpoint targets on the ground. Northrop Grumman has completed early delivery of two Global Hawk unmanned…

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Airbus reports record deliveries in 2012

Posted January 18, 2013 by Greg Keller

Airbus refused to be drawn into the problems afflicting Boeing Co.’s Dreamliner plane as it reported a record number of deliveries for last year. Speaking to reporters at the company’s annual commercial results presentation Jan. 16, Airbus Chief Executive Fabrice Bregier says it wasn’t his place to ìgive Boeing lessonsî and noted that the European…

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Boeing aircraft financing unit, Boeing Capital, to end separate SEC reporting

Posted January 28, 2013 by

Boeing announced Jan. 23 that its aircraft financing and leasing unit, Boeing Capital Corporation, plans to suspend its separate U.S. Securities and Exchange Commission reporting. The move will help streamline Boeing’s financial reporting process while not affecting the financing and leasing unit’s mission, operations or customer interactions. Boeing Capital’s financial information will continue to be…

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Boeing, Icelandair finalize order for 16 737 MAX airplanes

Posted February 13, 2013 by

Boeing and Icelandair announced a firm order Feb. 13 for 16 737 MAX airplanes, valued at more than $1.6 billion at list prices.

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