0
comments
Business

United Technologies CEO sees federal budget cuts March 1 with impact on parts, repair business

Posted February 22, 2013 by

The chief executive of United Technologies Corp. expects automatic federal budget cuts will take effect in eight days, taking a nick out of earnings of the aerospace giant. CEO Louis Chenevert told investor analysts Feb. 21 that the cuts, which are known in Washington as the “sequester,” look more likely. He says earnings would be…

Full Story »

boeing-cathay-pacific
0
comments
Business

Boeing, Cathay Pacific announce order for three 747-8 feighters

Posted March 4, 2013 by

Boeing and Cathay Pacific Airways March 4 announced an order for three 747-8 Freighter airplanes. The order, valued at approximately $1 billion at list prices, also includes options for five additional 777 Freighters. The new additions will bolster Cathay Pacific’s 747-8 Freighter fleet to 13 airplanes. “The 747-8 Freighter has provided our revamped cargo fleet…

Full Story »

0
comments
Business

Raytheon’s fifth generation hull mounted sonar to enable anti-submarine, undersea warfare

Posted March 15, 2013 by

Raytheon has been awarded a sub-contract from Science Applications International Corporation to deliver its first 5th generation medium frequency hull mounted sonar system as part of the Defense Advanced Research Projects Agency Anti-Submarine Warfare Continuous Trail Unmanned Vessel program. According to the U.S. Navy, 43 nations operate more than 600 submarines; the steady increase in…

Full Story »

0
comments
Business

AAR ramps up parts availability in Europe

Posted March 27, 2013 by

AAR, a global leader in the supply and repair of component parts for the aviation industry, is expanding its parts inventory for the European market, reducing lead times and shipping costs for its customers. The companyís main distribution center in Amsterdam will carry an increased stock of high-demand airframe and engine-related components, along with bulky,…

Full Story »

0
comments
Business

Northrop Grumman awarded U.S. Navy contract to upgrade, enhance NGC2P tactical data link processor

Posted April 8, 2013 by

The U.S. Navy has awarded Northrop Grumman an $80 million contract to upgrade and enhance the Next Generation Command and Control Processor. The NGC2P system is a tactical data link communication processor that provides critical real-time information about friendly and enemy activity during combat operations. The five-year, indefinite-quantity, indefinite-delivery NGC2P Technology Refresh and Link 22…

Full Story »

0
comments
Business

Lockheed Martin PAC-3 missile intercepts, destroys tactical ballistic missile in new test

Posted April 12, 2013 by

Lockheed Martin’s PAC-3 Missile successfully detected, tracked and intercepted a tactical ballistic missile (TBM) in a Lower Tier Project Office flight test April 12 at White Sands Missile Range, N.M. Two PAC-3 Missiles were ripple-fired in the test per current doctrine. The first interceptor destroyed the target and the second PAC-3 Missile self-destructed as planned….

Full Story »

0
comments
Business

Raytheon completes second launch exercise for next generation GPS satellites

Posted April 29, 2013 by

Raytheon successfully completed the second launch readiness exercise for the U.S. Air Force’s next generation Global Positioning System operational control system. Successful completion of Exercise 2 is a key milestone demonstrating that Raytheon’s OCX software meets mission requirements and is on track to support the first GPS III satellite launch. Completed over a three-day period…

Full Story »

boeing-767
0
comments
Business

Boeing delivers first direct purchase 767-300ER to MIAT Mongolian Airlines

Posted May 15, 2013 by

Boeing delivered a 767-300ER (extended range) to MIAT Mongolian Airlines May 13, the first-ever direct purchase delivery to the airline. “This is a momentous step forward for MIAT Mongolian Airlines as we continue to enhance our fleet,” said Jargalsaikhan Gungaa, President and CEO of MIAT Mongolian Airlines. “We are pleased with the comfort, range and…

Full Story »

insitu-uav
0
comments
Business

Small Tactical Unmanned Aircraft Systems achieves Milestone C approval

Posted May 24, 2013 by

BINGEN, Wash., May 23, 2013 /PRNewswire/ — Insitu announced May 23 that RQ-21A reached Milestone C under the Small Tactical Unmanned Aircraft System contract with Naval Air Systems Command. The achievement will enable the program to transition from the Engineering, Manufacturing and Development phase to a Low Rate Initial Production phase and enter initial operational…

Full Story »

0
comments
Business

Bechtel completes U.S. missile defense project

Posted June 10, 2013 by

Bechtel has successfully completed design and construction of missile silos and fields vital to the security of the United States. The work was completed on schedule and within budget. The work was done under the U.S. Missile Defense Agency’s Ground-based Midcourse Defense Program, which aims to protect the U.S. from long-range ballistic missile attacks. Bechtel…

Full Story »


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