New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) May 29, 2011
Boeing Boeing exec outlines outlook for defense and space unit. Dennis Muilenburg, president and CEO of Boeing's defense and space unit, told attendees at the company's investors conference that international business will help drive revenues this year. However, he warned about longer-term concerns related to budget cuts and industrial base health. Muilenburg described the market as "a tough defense environment right now. May 26, 2011
Boeing Boeing Space and Intelligence Systems is to build the Inmarsat-5 satellites that will provide Ka-band mobile broadband services from late 2014. A $700 million long-term, fixed-rate direct loan to Inmarsat from the US Export-Import Bank secured the deal for Boeing's California-based space division over Thales Alenia Space, with financing via Ex-Im's French rival, COFACE. May 24, 2011
Boeing, General Dynamics Court rules in favor of Boeing and General Dynamics. The Supreme Court tossed out a lower-court ruling against Boeing and General Dynamics partially because a key issue in the case involved state secrets and therefore could not be litigated. The earlier ruling could have cost Boeing and General Dynamics about $3 billion. The companies have been battling the government for about two decades over the cancellation of a contract to build a stealth fighter jet May 24, 2011
General Atomics, CAE General Atomics Aeronautical Systems, Inc (GA-ASI) and simulator manufacturer CAE have announced a partnership to enter Canada's joint unmanned surveillance target acquisition system (JUSTAS) competition. Under the terms of the deal, announced 25 May, GA-ASI will provide Predator B vehicles and ground control stations, while CAE will provide training consoles, systems integration and logistics support. Any prospective sale would be contingent upon winning a competition and subject to standard foreign military sales (FMS) protocol. Possible competitors in the medium altitude long endurance (MALE) category include the Israel Aerospace Industries (IAI) Heron TP, EADS Talarion and BAE Systems Mantis. May 25, 2011
General Electric, Rolls Royce White House wants to drop JSF second engine program. The White House has threatened to veto the defense authorization bill if it contains language extending the second engine project for the F-35 Joint Strike Fighter. Pratt & Whitney is developing the primary engine for the fighter, and...