0
comments
Business

New Raytheon Standard Missile factory nears completion in Alabama

Posted July 9, 2012 by

Raytheon’s all-up-round Standard Missile production facility in Huntsville, Ala., is nearing completion. The state-of-the-art factory, located on the U.S. Army’s Redstone Arsenal, should be completed before the end of the year. Once operational, the 70,000 square-foot facility will assemble and test Standard Missile-3 and SM-6 interceptors. “This factory will be an asset to our nation…

Full Story »

0
comments
Business

Northrop Grumman to supply platform management system for U.K. Royal Navy’s next Astute-Class submarine

Posted July 5, 2012 by

Northrop Grumman has been selected to supply the Platform Management System for the Royal Navy’s fifth Astute-class submarine, Anson. Northrop Grumman’s Sperry Marine business unit will supply the PMS for Astute Boat 5 under a performance partnering arrangement with BAE Systems Maritime-Submarine. BAE Systems will install the PMS equipment, which controls and monitors the submarine’s…

Full Story »

AgustaWestland North America photograph
0
comments
Business

AgustaWestland completes Armed Aerial Scout flight demonstrations

Posted July 5, 2012 by

AgustaWestland North America, Inc. completed a week of flight demonstrations for the U.S. Army as it moves forward with its Armed Aerial Scout program. AgustaWestland performed the Armed Aerial...

Full Story »

0
comments
Business

Emmen Aerospace to become BOSH Technologies

Posted July 5, 2012 by

Emmen Aerospace, Inc. announced July 3 that it will rebrand to become BOSH Technologies, a member of The BOSH Group, effective Oct. 1, 2012. The transition will formalize Emmen’s induction into TBG, a family of companies dedicated to the development and operation of customized unmanned system solutions. Emmen, which specializes in the development, production and…

Full Story »

0
comments
Business

Parker completes acquisition of Olaer Group in United Kingdom

Posted July 5, 2012 by

Parker Hannifin Corporation, the global leader in motion and control technologies, announced July 2 that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Group has annual sales of approximately $200 million and 550 employees. Approximately 88…

Full Story »

0
comments
Business

Airbus to build first U.S. assembly plant in Alabama

Posted July 3, 2012 by by Melissa Nelson-Gabriel

In the battle to dominate the global aviation industry, European aerospace giant Airbus announced its first assembly plant in the United States July 2, a symbolic and significant step in the competition with archrival Boeing. The French-based company said the Mobile, Ala., plant is expected to cost $600 million to build and will employ 1,000…

Full Story »

0
comments
Business

Boeing forecasts $4.5 trillion market for 34,000 new airplanes

Posted July 3, 2012 by

Boeing projects a $4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, according to the Boeing 2012 Current Market Outlook released July 3. The company’s annual forecast reflects the strength of the commercial aviation market. “The world’s aviation market is broader, deeper and more…

Full Story »

0
comments
Business

Lockheed Martin Skunk Works receives DARPA ALASA contract award

Posted July 3, 2012 by

PALMDALE, Calif. – Lockheed Martin has been selected by the Defense Advanced Research Projects Agency to receive a Phase I Airborne Launch Assist Space Access program study contract valued at about $6.2 million. The ALASA program is a research and development effort maturing technologies to maintain vital satellite capabilities during a crisis. “Our approach uses…

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 »

LM-Orion
0
comments
Business

Lockheed Martin delivers Orion spacecraft to Kennedy Space Center

Posted July 2, 2012 by

Lockheed Martin has delivered the first space-bound Orion spacecraft crew module structure to the Operations and Checkout Building…

Full Story »


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