PARIS (Reuters) – Textron Inc (TXT.N: Quote, Profile, Research) on Tuesday said it was upbeat about the prospects of its new Scorpion light attack and spy jet, which is gearing up for 10 days of UK flight demonstrations and visits to other European countries in coming weeks.
Scott Donnelly, chief executive of Textron, told Reuters the new aircraft, which was developed by Textron and a private group named Airland Enterprises, had amassed over 400 hours of flight time since its first flight in December 2013.
PARIS, June 16 (Reuters) – Lockheed Martin Corp
announced on Tuesday that it will team with Raytheon Co
and Canadian planemaker Bombardier to develop a new
surveillance and command and control aircraft for a future U.S.
Air Force competition.
Lockheed said the team aimed to develop a low-risk,
affordable replacement for the E-8 Joint Surveillance Target
Attack Radar System (JSTARS), a ground surveillance, battle
management, and command and control aircraft that was built by
Northrop Grumman Corp.
PARIS (Reuters) – The boom in commercial plane orders of recent years appears to be giving way to a more sustainable pace of demand at the 2015 Paris air show, with jetmakers increasingly focused on lifting production to meet their record backlog of sales.
U.S. planemaker Boeing (BA.N: Quote, Profile, Research, Stock Buzz) and European rival Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) continued to unveil a steady stream of deals on Tuesday, day two of the aerospace industry’s main annual gathering.
PARIS, June 16 (Reuters) – Lockheed Martin Corp on
Tuesday named a private firm, Hybrid Enterprises LLC, as the
exclusive sales agent for its Hybrid Airships, a new type of
aircraft that company officials say could revolutionize the way
oil and mining companies haul equipment to the Arctic and other
remote areas without roads.
Rob Binns, chief executive officer of Hybrid Enterprises,
told Reuters in an interview that the new aircraft should be
certified by the Federal Aviation Administration by late 2017,
paving the way for initial deliveries in 2018.
PARIS, June 15 (Reuters) – Lockheed Martin Corp,
maker of the F-35 fighter jet, said on Monday it realized it
would have to generate significant savings to help justify a
block buy of up to 500 aircraft beginning in fiscal 2018.
Lorraine Martin, Lockheed’s F-35 program manager, said her
company and others involved in the program were working hard to
identify ways to further drive down the cost of the $391 billion
weapons program and shore up support for a multi-year purchase.
PARIS, June 15 (Reuters) – United Technologies Corp
said on Monday it was exiting the helicopter business and would
decide by the end of the third quarter whether to spin off or
sell its $8 billion Sikorsky Aircraft unit, the largest provider
of helicopters to the U.S. military.
United Technologies said the decision to shed the
90-year-old Sikorsky unit came after a review of strategic
alternatives announced earlier this year and was subject to
final board approval.
PARIS (Reuters) – Eileen Drake, the new chief executive of Aerojet Rocketdyne Holdings Inc (AJRD.N: Quote, Profile, Research, Stock Buzz), on Sunday vowed to keep a “huge focus” on cutting overhead costs in coming years, including a 10-percent workforce reduction and possible facility closings.
Drake, a former Army helicopter pilot and executive with Pratt & Whitney, a unit of United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), joined Aerojet Rocketdyne in March as its chief operating officer, just three days before the company announced a major cost-reduction drive and changed its name from GenCorp Inc.
PARIS, June 14 (Reuters) – Lockheed Martin Corp
issued a warning on Sunday over prospects for its rocket launch
joint venture with Boeing Co, saying it urgently needed
the United States to waive a law banning the use of Russian
engines to launch military and spy satellites.
Rick Ambrose, who heads Lockheed’s space business, told
Reuters in an interview that concerns about the United Launch
Alliance (ULA) venture’s prospects had prompted the partners to
approve funding for its new U.S.-powered Vulcan rocket only one
quarter at time.
PARIS, June 14 (Reuters) – Engine maker Pratt & Whitney said
on Sunday it was “very comfortable” with progress on the F135
engine it builds for the Lockheed Martin Corp F-35
fighter jet, and expected to drive costs down further in the
next two batches of engines.
Mark Buongiorno, who heads Pratt’s work on the F135 engine,
said the company had submitted proposals for ninth and 10th
low-rate production contracts, and hoped to reach agreement with
the Pentagon before the end of the year. Pratt, a unit of United
Technologies Corp, has already delivered 228 engines to
the government, and the next two batches will add 160 engines.
PARIS, June 14 (Reuters) – Boeing Co said on Sunday
it was in “deep discussions” with potential buyers for five
remaining C-17 cargo planes built before Boeing halted
production of the aircraft, and expected to sign purchase
agreements before the fourth quarter.
Chris Raymond, vice president of business development and
strategy for Boeing Defense, Space & Security, said the company
was discussing the sale of the aircraft with more than one
country, but declined to name them.