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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…

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Judge blocks appeal in Boeing age discrimination lawsuit

Posted April 13, 2015 by Roxana Hegeman

A nine-year legal battle waged by former aircraft workers who claim they lost their jobs because of their age may to have come to an end after a federal judge blocked their attorney from appealing the court’s dismissal of their remaining claims because the paperwork was filed too late. The age discrimination lawsuit was sparked…

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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…

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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,…

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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….

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AeroVironment introduces digital Wasp AE small UAS

Posted May 22, 2012 by

AeroVironment May 22 introduced the Waspâ„¢ small unmanned aircraft system and announced that it has been accepted by the U.S. Air Force for inclusion in its Battlefield Air Targeting Micro Air Vehicle program. Inclusion into the BATMAV program enabled the Air Force to place an order for Wasp AE systems valued at $2,447,949. The Air…

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Boeing Phantom Eye completes first autonomous flight

Posted June 4, 2012 by

Boeing's Phantom Eye unmanned airborne system completed its first autonomous flight June 1 at NASA's Dryden Flight Research Center at Edwards, Calif. The 28-minute flight began at 6:22 a.m. Pacific time as...

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UTC launches equity units offering as component of financing for Goodrich acquisition

Posted June 13, 2012 by

United Technologies Corp. announced June 12 an offering of $1 billion of equity units. Net proceeds of the offering are expected to be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation. The offering is being made under an effective shelf registration statement on file with…

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Lockheed Martin selected to deliver major improvements to DOD’s ISR information sharing capabilities

Posted June 25, 2012 by

With the help of Lockheed Martin, the U.S. Department of Defense is making major strides in its ongoing initiative to quickly and efficiently share the vast volume of intelligence, surveillance and reconnaissance data available to users with access to the Distributed Common Ground System. The DCGS Multi-Service Execution Team office awarded Lockheed Martin a $2.6…

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Virgin Galactic successfully completes SpaceShipTwo glide flight test and rocket motor firing on same day

Posted June 28, 2012 by

MOJAVE, Calif. – Virgin Galactic, the world’s first commercial spaceline, announced June 28 that its passenger-carrying suborbital space vehicle, SpaceShipTwo, successfully completed its first glide flight test on June 26 since a recent integration period for rocket motor systems and maintenance. Also, on June 26, the spaceship’s engine, RocketMotorTwo, underwent another successful full duration test…

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