New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) Sep 22, 2013
Boeing Boeing does better under sequestration than other firms . Boeing is performing better than other defense contractors under sequestration, according to a report by UBS Research. The report predicts military procurement for Boeing will drop by 1% in compound annual growth rate over a three-year period. Sep 19, 2013
Boeing Boeing [NYSE: BA] will complete production of the C-17 Globemaster III and close the C-17 final assembly facility in Long Beach, Calif. in 2015. "Ending C-17 production was a very difficult but necessary decision," said Dennis Muilenburg, president and chief executive officer of Boeing Defense, Space & Security. "We want to thank the highly skilled and talented employees who have built this great airlifter for more than two decades[ETH] and those who will help us as we continue to build the remaining 22 aircraft and support and modernize the global fleet for decades to come. The C-17 remains the world's most capable airlifter with unmatched readiness and cost effectiveness." Sep 18, 2013
Lockheed Martin F-35 fighters won't be affected by cuts, Air Force official says. The Air Force is committed to Lockheed Martin's F-35 fighter jets, refueling tankers built by Boeing and a new bomber program despite looming budget cuts, Acting Air Force Secretary Eric Fanning said Monday. Single-mission aircraft are the most likely to be cut if sequestration continues, he added. "You can't get savings of the magnitude necessary by reducing all of your fleets. You have to take out some fleets entirely in order to get the whole tail that comes with it in terms of savings," Fanning said. Sep 18, 2013
Lockheed Martin, Pratt & Whitney F-35 official praises contractor performance. Lt. Gen. Chris Bogdan, last year a harsh critic of the contractor-Pentagon relations on the F-35 joint strike fighter jet program, is now praising the progress made by Lockheed Martin and Pratt & Whitney on the program. Bogdan, the head of the F-35 program, singled out for recognition the "cost war room," an effort between the Joint Program Office, Lockheed and Pratt to comb through areas of the F-35 process for cost savings potential. Sep 18, 2013
Northrop Grumman Northrop CEO: Lack of Pentagon spending affects national security. Northrop Grumman CEO Wes Bush said low Pentagon spending could affect U.S. national security. "These ever-thinner R&D budgets are insidious for...