Textron [TXT] won the competition on Jan. 25 to produce new T-54A Multi-Engine Training System (METS) aircraft to replace the aging Beech Aircraft T-44C Pegasus training aircraft. The older fleet of 54 T-44Cs was built by Beech Aircraft, which is now a subsidiary of T-54A winner Textron. These ...

Northrop Grumman [NOC] on Thursday reported lower net income in the fourth due to lower pension benefits, although segment operations and sales were strong on contributions from across the company’s sectors. Net income fell 23 percent to $2.1 billion, $13.46 earnings per share (EPS), from $2.7 ...

Electra on Thursday said that the Air Force’s AFWERX program has selected it for a Strategic Funding Increase award. This award secures up to $85 million for Electra to continue developing a full-scale pre-production prototype of its electric short take-off and landing (eSTOL) aircraft. The ...

The Space Dynamics Laboratory at Utah State University and the Air Force Research Laboratory’s (AFRL) space vehicles directorate at Kirtland AFB, N.M., want industry input on new mission planning tools for satellites. AFRL’s space vehicles directorate has been exploring how to integrate ...

The Army’s top acquisition official on Wednesday said he expects there will be “several big awards” in February and March related to replenishing stockpiles of equipment sent to Ukraine. Doug Bush, the Army’s assistant secretary of acquisition, logistics and technology, also told reporters ...

Inflationary and other macroeconomic pressures are buffeting the next-generation stealth bomber program, but Northrop Grumman [NOC] currently doesn’t expect to incur a loss during the initial production phase of the B-21 Raider, which remains on track for the first low-rate initial production ...