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Airbus CEO talks about emissions, innovation, more

Posted July 20, 2015 by David Koenig

These are heady times for the commercial-aircraft business at Airbus and Boeing, as airlines place huge orders for new planes. Each is working on more fuel-efficient aircraft to satisfy airlines that want lower fuel bills and regulators who want lower emissions from aircraft. Airbus Group CEO Tom Enders spoke last month to an aviation conference…

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Boeing to recognize charge for KC-46 tanker program

Posted July 20, 2015 by

Boeing Company announced July 17 it will recognize a charge on the KC-46 aerial refueling tanker program when it announces second-quarter 2015 results on July 22. The after-tax charge of $536 million ($0.77 per share) reflects higher estimated engineering and manufacturing costs to complete development, certification and initial production of the tanker aircraft, while holding…

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Denmark’s first MH-60R helicopters prepare for delivery

Posted July 20, 2015 by

Navy photograph   Denmark is one step closer to becoming the second international customer to have the U.S. Navy’s MH-60R Seahawk helicopter in its inventory. The first two aircraft arrived at Lockheed Martin’s Owego, N.Y., facility for digital cockpit and integrated mission systems and sensors installation July 9 and are anticipated to be delivered to the…

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Lockheed Martin to Acquire Sikorsky Aircraft; conduct strategic review of IT, technical services

Posted July 20, 2015 by

Lockheed Martin has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9 billion. The price is effectively reduced to approximately $7.1 billion, after taking into account tax benefits resulting from the transaction. “Sikorsky is a natural fit for Lockheed Martin and complements our broad…

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Bell Boeing announces contract for first V-22 Ospreys to Japan

Posted July 15, 2015 by

Bell Boeing, a strategic alliance between Bell Helicopter, a Textron company, and Boeing, was awarded a U.S. Navy contract today for five Bell Boeing V-22 Osprey tiltrotor aircraft to be delivered to Japan, marking the first sale of the aircraft through the U.S. governmentís foreign military sales program. The contract for the Block C aircraft…

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Pakistan expands Lockheed Martin Sniper Advanced Targeting Pod fleet

Posted July 15, 2015 by

Lockheed Martin received a follow-on foreign military sale contract to produce and upgrade Sniper® Advanced Targeting Pods for the Pakistan Air Force’s F-16 fleet. The contract includes the production of 15 Sniper ATPs and upgrades to the Pakistan Air Force’s existing 22 Sniper ATPs. To meet the Pakistan Air Force’s urgent operational need, pod deliveries…

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AF rolls out details to improve RPA mission

Posted July 15, 2015 by

In response to a critical shortage of remotely piloted aircraft pilots, the Air Force rolled out more details of its plan to fix the problem in both the short and long term. The most recent initiatives include creating bonuses for RPA pilots of $15,000 per year beginning in fiscal year 2016; placing some newly minted…

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Lockheed Martin’s JAGM goes two-for-two in latest flight tests

Posted July 13, 2015 by

Lockheed Martin demonstrated its multi-mode Joint Air-to-Ground Missile, engaging two laser-designated stationary targets during recent Government-led flight tests at Eglin Air Force Base, Fla. In the first test, the missile flew four kilometers, engaged its precision-strike, semi-active laser and hit the stationary target. During the second flight, the missile flew four kilometers, acquired the target…

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Boeing, Polish armaments group explore business opportunities

Posted July 10, 2015 by

Boeing and members of its AH-64E Apache industry team – General Electric, Lockheed Martin, Raytheon and Longbow Ltd. – launched an initiative with Polish Armaments Group to explore opportunities for collaboration with Polish industry. More than 10 Polish companies participated in the two-day workshop with Boeing and its teammates to forge partnerships as part of…

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Lockheed Martin completes 100th THAAD interceptor

Posted July 10, 2015 by

Lockheed Martin delivered the 100th interceptor for the Terminal High Altitude Area Defense system in a recent ceremony at the company’s Troy, Ala., facility. THAAD is a key element of the Ballistic Missile Defense System and is highly effective at protecting America’s military, allied forces, citizen population centers and critical infrastructure from short- and medium-range…

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