by Editorial Staff | Jul 21, 2015 | Daily Rapid Fire
Americas * Following Textron’s withdrawal last week, Lockheed Martin has acquired Sikorsky from United Technologies Corp. in a deal valued at $9 billion. The move has been interpreted as an attempt by Lockheed Martin to diversify its source of revenue,...
by Editorial Staff | Jul 20, 2015 | Daily Rapid Fire
Americas * Boeing has acquiesced to a $536 million charge stemming from problems with the KC-46A tanker in development for the US Air Force. This the second such charge the company has taken on the program. The money will be diverted to fund the development and...
by Editorial Staff | Jul 17, 2015 | Daily Rapid Fire
Americas * Raytheon has been awarded a $14.6 million contract modification for Standard Missile 3 (SM-3) and SM-6 engineering and technical services, with this modification partially covering a Foreign Military Sales contract with Australia. The Navy handed Raytheon a...
by Editorial Staff | Jul 15, 2015 | Daily Rapid Fire
Americas * The Navy has reportedly issued a Request for Proposals to two shipyards for a third America-class amphibious warship (LHA-8) and six next-generation oilers (TAO(X)). The RFP was sent to General Dynamics NASSCO and Huntington Ingalls Industries, with the...
by Editorial Staff | Jul 14, 2015 | Daily Rapid Fire
Americas * Lockheed Martin reported on Monday that the company has successfully tested two Joint Air-to-Ground Missiles (JAGM) during recent testing over Elgin AFB in Florida. The company is bidding for its missile to win the Army’s JAGM competition, delivering...
