Archive: Business/Financial

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By Geoff Fein Three days after acknowledging a weld problem with its Virginia-class submarines, the Navy yesterday said the issue was not as serious as first thought and all three boats should be ready to go this week. "We have come through the process of clearing the North Carolina (SSN-777) for alpha trials and the […]

Boeing Installs High-Energy Laser On C-130 Aircraft For Technology Demo

Boeing [BA] earlier this month installed a high-energy chemical laser designed to disable ground objects either with lethal and non-lethal power on a modified C-130H transport aircraft in preparation for a series of demonstration flights next year, the company said yesterday. The company’s activities fall under the Advanced Tactical Laser (ATL) advanced concept technology demonstration […]

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Conference Authorizers Give Nod To Multiyear CH-47 Chinook Procurement

The Boeing [BA] CH-47 Chinook helicopter program would benefit from congressional authority for multiyear procurement authority and D-to F-model conversion recommended in the Conference Report on the National Defense Authorization Act for Fiscal Year 2008. "It provides to the government, the Army and the taxpayers a significant benefit in the savings they receive basing procurement […]

Army Poised To Order More War Replacement Apache Helicopters

The Army is ready to order as many as 30 war replacement AH-64D Apache Longbow aircraft. Army Aviation and Missile Command has issued a solicitation limited to Boeing [BA], doing business as McDonnell Douglas Helicopter Co., for a base year and two options for the Apache Block II aircraft. Army Col. Derek Paquette, Army Apache […]

Navy Closing In On $2 Billion Price Tag For

By Geoff Fein The Navy is continuing to find ways to shave dollars from the cost of building Virginia-class submarines, and is within $40 million of reaching its goal of $2 billion per hull, according to a Navy official. Additionally, the Navy is moving closer to getting the construction cycle from build to completion down […]

Conference Authorizers Give Nod To Multiyear CH-47 Chinook Procurement

By Ann Roosevelt The Boeing [BA] CH-47 Chinook helicopter program would benefit from congressional authority for multiyear procurement authority and D-to F-model conversion recommended in the Conference Report on the National Defense Authorization Act for Fiscal Year 2008. "It provides to the government, the Army and the taxpayers a significant benefit in the savings they […]

Boeing Gets New $64 Million SBInet Task Order

The Department of Homeland Security (DHS) said on Friday that it is awarding Boeing [BA] a $64 million task order to design, develp and test an upgraded situational awareness software system that will be used by Border Patrol command centers and agent vehicles as part of the Secure Border Initiative (SBInet) virtual fence the company […]

Weld Issue Restricts

By Geoff Fein The Navy, General Dynamics [GD] and Northrop Grumman [NOC] are inspecting welds on all Virginia-class submarines after discovering a weakness in the process associated with non-nuclear piping welds, the Navy said Friday. "The Navy, Northrop Grumman Newport News, and General Dynamics Electric Boat are conducting a detailed assessment of completed welds through […]

Global Linguist Solutions Prevails Over L-3 In Multi-Billion Army Linguistics Contract

By Ann Roosevelt The Army Dec. 7 reaffirmed its initial decision, later overturned by a protest and recompeted, to award a contract valued at more than $4.6 billion for management of translation and interpretation services in support of Operation Iraqi Freedom (OIF) to Global Linguist Solutions LLC (GLS) over L-3 Communications [LLL]. GLS is a […]