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Boeing announces future retirement plan changes for nonunion employees

Posted March 7, 2014 by

Boeing March 6 provided advance notice to nonunion employees participating in the company’s defined benefit pension plans that they will transition in 2016 to a company-funded defined contribution retirement savings plan. Beginning Jan. 1, 2016, Boeing will make cash contributions each pay period to employees’ retirement savings through a new defined contribution component of the…

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Boeing Maritime surveillance aircraft demonstrator completes first flight

Posted March 5, 2014 by

Boeing’s Maritime Surveillance Aircraft demonstrator recently completed its first flight to verify airworthiness, an important milestone toward providing a low-risk and cost-effective maritime surveillance solution designed for search and rescue, anti-piracy patrols and coastal and border security.

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General Dynamics awarded $36 million for submarine development work

Posted March 5, 2014 by

General Dynamics Electric Boat has been awarded two contract modifications from the U.S. Navy worth a total value of $35.8 million. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the first contract, valued at $19.8 million, Electric Boat will perform advanced submarine research and development studies in support of a wide range…

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Northrop Grumman awarded task order for naval training systems

Posted March 5, 2014 by

The U.S. Navy has selected Northrop Grumman to continue development and improvement of combat systems trainers with a task order valued up to $33 million, if all options are exercised. The task order was awarded under the SeaPort-e indefinite delivery, indefinite quantity multiple award contract. Under the direction of the Naval Undersea Warfare Center Division…

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Precision Aviation Services signs service center agreement with Airbus Helicopters

Posted March 5, 2014 by

In a move that signals its ongoing commitment to the marketplace, Airbus Helicopters Inc. named Precision Aviation Services, a Precision Aviation Group company, as an AHI Service Center. This is the newest AHI service center in the Southeast and the first in the Atlanta market. The state-of-the-art 35,000 square foot facilities, located at the Atlanta…

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Sikorsky, Turkey sign Black Hawk helicopter licensing, manufacturing agreements

Posted March 5, 2014 by

Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., has signed agreements with the Turkish government and key Turkish aerospace contractors that license Turkey’s aerospace industry to manufacture 109 T-70 helicopters (Turkish variants of Sikorsky’s S-70i™ International Black Hawk helicopter) for operation by the Turkish Government, and to assemble 109 S-70i™ helicopters for Sikorsky. The…

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Raytheon awarded $655 million contract for Patriot

Posted March 3, 2014 by

Raytheon has received a $655 million contract for new-production fire units of the combat-proven Patriot Air and Missile Defense System for Kuwait. These units are an addition to the Patriot fire units Kuwait currently owns to counter current and evolving threats. Awarded by the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., as a…

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Lockheed Martin IAM employees agree to new four-year contract

Posted March 3, 2014 by

Members of the International Association of Machinists and Aerospace Workers ratified a new four-year labor agreement with Lockheed Martin. The new contract was ratified March 2 and became effective today. The new agreement extends to March 4, 2018. It covers more than 4,700 Lockheed Martin employees in seven IAM bargaining units – flight line mechanics,…

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Raytheon awarded $35 million minehunting sonar contract

Posted March 3, 2014 by

Navy photograph The Remote Minehunting System and an AN/AQS-20 minehunting sonar (attached underneath) are brought aboard the littoral combat ship USS Independence (LCS 2). Raytheon has been awarded $35.5 million to provide the U.S. Navy with AN/AQS-20A minehunting sonar systems and equipment. The system leverages advanced sonar technologies to support the Navy’s critical minehunting missions,…

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ATK names Michael Callahan to board of directors

Posted March 3, 2014 by

ATK has announced that Michael Callahan was elected as an independent director to the company’s board of directors and appointed to its Audit Committee, effective March 1, 2014. Callahan’s election increases the size of ATK’s board from eight to nine. “Mike’s 36 years of leadership in the sporting goods and outdoor industry, combined with his…

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