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Debt, not market, drove plane maker to bankruptcy

Posted May 8, 2012 by by Joshua Freed and Roxana Hegeman

Economic turbulence has shrunk the market for business jets, and it’s causing an especially bumpy ride for Hawker Beechcraft. The Wichita, Kansas,-based aircraft maker filed for bankruptcy protection this week, seeking approval for a plan that would write an estimated $2.5 billion in debt off its books and eliminate almost $125 million in annual cash…

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Army awards AeroVironment $5.1 million order for Switchblade loitering munition systems, services

Posted May 23, 2012 by

AeroVironment, Inc. has received a contract modification effective March 20, 2012, from the U.S. Army Close Combat Weapons Systems, Program Executive Office Missiles and Space. The $5,108,160 modification to the existing contract includes engineering services, operational Switchblade systems and operator training. AeroVironment will work with ATK, its munition subcontractor, to produce and deliver the systems….

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Northrop Grumman awards $10,000 engineering scholarships to two Los Angeles-area high school students

Posted June 5, 2012 by

Northrop Grumman has announced the winners of its fifth annual Engineering Scholars program for graduating high school seniors in the greater Woodland Hills community planning...

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Boeing completes design review of MEXSAT Geomobile Satellite System

Posted June 13, 2012 by

EL SEGUNDO, Calif. – Boeing and its supplier partners have completed the Critical Design Review of the MEXSAT Geomobile Satellite Communications System with their customer, the Secretaria de Comunicaciones y Transportes of the government of Mexico. “The successful completion of this milestone review verifies that MEXSAT will operate as promised to deliver greatly enhanced telecommunications…

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Lockheed Martin provides Italian defense ministry with intelligence, surveillance, reconnaissance aircraft

Posted June 25, 2012 by

An innovative Airborne Multi-Intelligence Laboratory developed by Lockheed Martin for intelligence, surveillance and...

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Goodrich inaugurates new facility in Brea, Calif.

Posted June 29, 2012 by

Goodrich Corporation held a ribbon-cutting ceremony June 28 to mark the opening of its new facility in Brea, Calif. The ceremony, attended by civic leaders as well as Goodrich employees, included a tour of production, design and development areas within the new 105,000 square foot site. The facility is part of Goodrich’s Sensors and Integrated…

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Raytheon demonstrates WiPAK® on French Navy RAFALE aircraft

Posted July 9, 2012 by

Raytheon has successfully demonstrated a wireless method of integrating its combat-proven Enhanced Pavewayâ„¢ II precision-guided bomb on the French Navy RAFALE aircraft. Called WiPAK®, the avionics kit enables integration of Paveway on a variety of aircraft without any modifications to aircraft wiring or changes to the flight and stores management software. “With WiPAK, warfighters can…

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Boeing to collaborate with Elbit Systems on marketing, sales of Hermes 450 and 900 UAS

Posted July 10, 2012 by

Boeing Company and Elbit Systems signed a Memorandum of Understanding July10 at the Farnborough Airshow to collaborate on the marketing and sales of Elbit Systems’ Hermes 450 and 900 unmanned airborne system product lines in the United States and select international countries. “This partnership further expands and enhances Boeing’s longstanding relationship with Elbit Systems to…

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Bristow Group announces long term contracts for 20 large helicopters

Posted July 11, 2012 by

Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced July 11 that it has secured several major new multi-year contracts for the provision of a total of 20 large aircraft that are expected to generate in excess of $2 billion in revenue.   In Europe, Bristow has been particularly…

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Boeing, Warner Robins Air Logistics Complex deliver second LRIP C-130 AMP aircraft

Posted July 23, 2012 by

Boeing and the U.S. Air Force’s Warner Robins Air Logistics Complex in Georgia delivered the second C-130 Avionics Modernization Program aircraft modified by Warner Robins on July 17. The aircraft is the fifth to be delivered to Little Rock Air Force Base, Ark.; the first three were modified by Boeing. The Boeing C-130 AMP contract…

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