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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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Lockheed Martin demonstrates DAGRÆ missile ground vehicle launch capability rrom JLTV

Posted February 22, 2013 by

Lockheed Martin recently demonstrated the ability of its DAGR missile to launch from a ground vehicle during a series of flight tests at Eglin Air Force Base, Fla. DAGR and two Hydra 70 rockets were launched from a pedestal launcher mounted in the bed of a Lockheed Martin prototype Joint Light Tactical Vehicle. DAGR locked…

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Boeing ready to move on 787 fix, if U.S. approves

Posted March 6, 2013 by by Joshua Freed

Boeing said March 4 that it is set to move quickly to get its 787s back in the air if it gets U.S. federal approval for a fix for the batteries that have grounded the planes. The Federal Aviation Administration is considering a plan that Boeing submitted on Feb. 22 for fixing the batteries. The…

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Pratt and Whitney, U.S. Air Force complete first depot overhaul of an F119 engine

Posted March 15, 2013 by

Pratt & Whitney, a unit of United Technologies Corp., together with its U.S. Air Force partner at the F119 Heavy Maintenance Center at Tinker Air Force Base, Okla., celebrated another significant milestone in the F119 program – the completion of the first depot overhaul for the lead-the-fleet “Compass Vector” engine which powers the F-22 Raptor….

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Northrop Grumman introduces advanced high-res sensors for Hawk Air Defense System

Posted March 27, 2013 by

Northrop Grumman has launched its Fourth Generation Tracking Adjunct Sensor, the latest upgrade to the company’s range of high-resolution electro-optical/infrared sensors for the Hawk air defense system. Northrop Grumman’s 4G TAS, the only approved EO/IR upgrade available to Hawk customers worldwide, detects and tracks low, fast targets both day and night and passes them to…

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