0
comments
Business

Business Briefs April 17, 2012

Posted April 17, 2012 by

HEICO acquires Aerospace Electronics product line HEICO reported April 16 that its Radiant Power Corp. subsidiary acquired the aerospace assets of Moritz Aerospace, Inc. in an all cash transaction. Radiant is part of HEICO’s Electronic Technologies Group. HEICO stated that it expects the acquisition to be accretive to its earnings within a year following the…

Full Story »

0
comments
Business

Lockheed Martin receives $79 million contract for development of new GMLRS variant

Posted April 24, 2012 by

Lockheed Martin has received a $79.4 million contract from the U.S. Department of Defense to develop a new variant of the Guided Multiple Launch Rocket System that incorporates a new warhead. Under the terms of the contract, the GMLRS Alternative Warhead Engineering and Manufacturing Development Program will run 36 months, and will focus on system…

Full Story »

0
comments
Business

Pratt & Whitney PurePower PW1200G engine takes to skies

Posted May 2, 2012 by anradmin

The Pratt & Whitney PurePower PW1200G engine successfully completed its first flight April 30, launching the engine family’s flight test program. The PW1217G engine for the Mitsubishi Regional Jet aircraft flew on a specially designed stub wing aboard Pratt & Whitney’s Boeing 747SP flying test bed at the company’s Mirabel Aerospace Centre, in Mirabel, Quebec,…

Full Story »

0
comments
Business

Boeing Solution speeds delivery of critical data to flight deck

Posted May 10, 2012 by

A new flight data delivery solution for airlines developed jointly by teams at Boeing subsidiary Jeppesen and Boeing Information Services slashes the time required to deliver and load vital flight data to an airplane. Application Data Enhanced Loading is a solution that reduces overall workload, network bandwidth requirements and costs associated with airline data operations….

Full Story »

0
comments
Business

Raytheon awarded $313.8 million for Standard Missile-6 all-up rounds

Posted May 16, 2012 by

The U.S. Navy awarded Raytheon a $313.8 million contract for low-rate initial production of Standard Missile-6 all-up rounds. SM-6 leverages the legacy Standard Missile airframe and propulsion elements, while incorporating the advanced signal processing and guidance control capabilities of Raytheon’s Advanced Medium-Range Air-to-Air Missile. Work will be performed in Tucson, Ariz.; Camden, Ark.; Andover, Mass.;…

Full Story »

0
comments
Business

Raytheon unveils reconnaissance system prototype to Canadian Army

Posted May 30, 2012 by

Raytheon Technical Services Company LLC, a subsidiary of Raytheon Company, recently unveiled its Light Armoured Vehicle Reconnaissance Surveillance System prototype to the Canadian Army in Ottawa, Ontario. Raytheon designed the LRSS to fit into the Canadian Army’s Light Armoured Vehicle-III to provide improved flexibility allowing on-the-move intelligence, surveillance and reconnaissance missions. The innovative design permits…

Full Story »

0
comments
Business

Northrop Grumman completes design review for integrated air, missile defense battle command system

Posted June 11, 2012 by

Northrop Grumman has successfully completed the Critical Design Review for the U.S. Army’s Integrated Air and Missile Defense Battle Command System. The CDR provided an in-depth assessment, by a government team of experts and managers, that the IBCS design is programmatically and technically realistic and attainable. The successful review determined the IBCS detailed design satisfies…

Full Story »

0
comments
Business

Sierra Nevada sues to reinstate Air Force contract

Posted June 14, 2012 by by Roxana Hegeman

Sierra Nevada Corp. is suing for the reinstatement of a $354 million contract to build light air-support aircraft for use in Afghanistan, after the U.S. Air Force canceled the deal following objections by a rival manufacturer and under pressure from lawmakers. The Air Force canceled the high-stakes contract in March and launched an investigation after…

Full Story »

Boeing photograph
0
comments
Business

Boeing completes wind tunnel tests on Silent Eagle Conformal Weapons Bay

Posted June 25, 2012 by

Boeing recently completed wind tunnel tests on the Silent Eagle Conformal Weapons Bay. The tests, conducted at the company's St. Louis facility, validated the aerodynamics of the CWB design.

Full Story »

0
comments
Business

Lockheed machinists OK new labor deal, end strike

Posted July 2, 2012 by by Angela K. Brown

Lockheed Martin machinists ended their 10-week strike June 28, approving a new labor deal that includes a $2,000 bonus and annual pay increases starting at 3 percent the first year. Members of the International Association of Machinists and Aerospace Workers District Lodge 776 voted overwhelmingly to approve the four-year agreement, with 81 percent of nearly…

Full Story »


All of this week's top headlines to your email every Friday.