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Hawker Beechcraft reaches agreement to reduce debt, strengthen company for future

Posted May 4, 2012 by

Hawker Beechcraft announced May 3 that it has reached an agreement with a significant number of its senior secured lenders and senior bondholders on the terms of a financial restructuring plan that will strengthen the company for the future and eliminate approximately $2.5 billion in debt and approximately $125 million of annual cash interest expense….

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Aerojet’s AJ26 flight engine successfully hot-fire tested for Orbital’s Antares rocket

Posted May 4, 2012 by

Aerojet announced May 4 that its AJ26 engine successfully completed a hot-fire test yesterday at NASA’s Stennis Space Center. Aerojet is a GenCorp company. Orbital Sciences Corporation, Aerojet and NASA monitored the full-duration test in support of the Antares(R) rocket program. This is the eighth AJ26 engine to be tested at Stennis. “This test demonstrates…

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General Dynamics awarded Coast Guard contract for support of the Rescue 21 system

Posted May 4, 2012 by

General Dynamics C4 Systems, a business unit of General Dynamics, has been awarded a contract by the U.S. Coast Guard to provide ongoing sustainment services for the national Rescue 21 search and rescue system. General Dynamics, the prime contractor for the system’s design, development and deployment, will continue to provide field service personnel, technical support…

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Spirit AeroSystems says first-quarter profit doubled

Posted May 4, 2012 by

Aerospace supplier Spirit AeroSystems Holdings Inc. said May 3 that its first-quarter profit doubled as production sped up for Boeing and Airbus planes. Spirit reported net income of $73.6 million, or 52 cents per share, for the quarter that ended March 31. That was up from $34.6 million, or 24 cents per share, during the…

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Boeing completes full Landing test of Crew Space Transportation spacecraft

Posted May 3, 2012 by

Boeing successfully completed the second parachute drop test of the company’s Crew Space Transportation-100 spacecraft May 2 at the Delamar Dry Lake Bed near Alamo, Nev. The test demonstrated the performance of the entire landing system.

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Boeing designs advanced technology winglet for 737 MAX

Posted May 2, 2012 by

Boeing today May 2 a new winglet design concept for the 737 MAX. The new Advanced Technology winglet will provide MAX customers with up to an additional 1.5 percent fuel-burn improvement, depending on range...

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Pratt & Whitney delivers 50th F135 engine for JSF

Posted May 2, 2012 by

Pratt & Whitney has successfully delivered the 50th production F135 engine – powering Lockheed Martin’s fifth-generation F-35 Lightning II – to the U.S. Department of Defense. Pratt & Whitney is a United Technologies Corp. The 50th engine is scheduled to be installed in a F-35C Carrier Variant for the United States Navy. The F-35C aircraft…

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Lockheed Martin delivers final F-22 Raptor to U.S. Air Force

Posted May 2, 2012 by

Lockheed Martin leadership delivered May 2 the 195th and last F-22 Raptor to U.S. Air Force leadership in a ceremony at the Lockheed Martin Aeronautics site in Marietta, Ga. With this delivery, the U.S. Air Force now possesses the world’s only 5th generation stealth fighter aircraft fleet in the world. “There is no longer any…

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Northrop Grumman honors top suppliers at annual awards ceremony

Posted May 2, 2012 by

Northrop Grumman honored 71 top-performing suppliers from the United States and Canada at its annual supplier awards program, held May 2 in Manhattan Beach, Calif. The awards recognize companies for attaining distinction in product quality, on-time delivery, customer satisfaction and robust lean processes. The suppliers provide Northrop Grumman Aerospace Systems with products ranging from small…

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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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