Business/Financial
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Business/FinancialNDIA Announces Annual SOFIC Conference Will Be Virtual
The National Defense Industrial Association’s annual Special Operations Forces Industry Conference will be held in May as scheduled, but over the internet rather than its traditional locale of Tampa, Florida. […]
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Business/FinancialWoodward, Hexcel Call Off Merger Due To Coronavirus Impacts
Aerospace and defense suppliers Woodward Inc. [WWD] and Hexcel Corp. [HXL] on Monday announced they have mutually terminated their merger agreement, saying the ongoing coronavirus pandemic has limited the benefits […]
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ArmyBoeing Pauses Production At Philadelphia-Area Facility Due To Pandemic Impact
Boeing [BA] has halted work at its production facility outside of Philadelphia, where it manufactures aircraft such as the H-47 Chinook heavy-lift aircraft, the V-22 Osprey tiltrotor and the MH-139A […]
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Business/FinancialTo Cope With Commercial Crisis, Raytheon Technologies Will Transfer Some Workers To Defense
Raytheon Technologies [RTX] CEO Greg Hayes last Friday said that the company will transfer some of its commercial workers to defense projects to help the newly merged aerospace and defense […]
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Air ForceAir Force to Release $882 Million in Previously Withheld KC-46 Funds to Boeing
The Air Force and Boeing [BA] signed two new agreements regarding to the KC-46A Pegasus program on Thursday, with one intended to provide the aerospace company with cash flow during […]
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Advanced / Transformational TechnologyAir Force, Boeing Find Path Forward to Fix Major KC-46 Deficiency
The Air Force and Boeing [BA] announced April 2 that they have agreed upon a solution to fix the remote vision system on the KC-46A Pegasus, in the hopes of […]
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Business/FinancialHASC Ranking Member Releases Draft Acquisition Reform Bill
The House Armed Services Committee’s (HASC) top Republican has released a proposal meant to begin debate on acquisition reform efforts to be included in the fiscal year 2021 defense authorization […]
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Business/FinancialBoeing Offers Voluntary Layoff Plan And Sees Long Road For Aerospace
In response to current challenging conditions in the commercial aircraft market, Boeing [BA] on Thursday said it will offer a voluntary layoff (VLO) plan to eligible employees to minimize the […]
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Business/FinancialOhio Lawmakers Seek Guidance from Pentagon for Local Contractors
A bipartisan group of lawmakers representing Ohio have written senior Pentagon leaders, seeking guidance for its local contractor community related to the COVID-19 pandemic. The letter, written April 1, requests […]
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Business/FinancialLockheed Awarded $4.7 Billion to Build 78 F-35 Aircraft
The Navy has awarded Lockheed Martin [LMT] a $4.7 billion contract modification to build 78 F-35 Joint Strike Fighters over the next three years. The contract award, announced March 31, […]