New York (AirGuideBusiness - Aerospace & Defense News - Defense North America) Apr 15, 2012
Air Force Pentagon plans for new Air Force One. The Pentagon is planning a replacement for Air Force One, with the new plane possibly receiving communications equipment by 2019. The Pentagon hasn't specified what type of plane will replace the Boeing 747. Apr 12, 2012
Air Force B-1 and B-2 bomber upgrades achieve goals. Navigation and computer upgrades for the Air Force's B-1 and B-2 bombers have passed milestones and completed development test flights. Boeing is performing retrofits of new navigation systems for the B-1, and the B-2 is getting a computer upgrade. Apr 12, 2012
Air Force Air Force will relaunch contest for light-strike aircraft. Following the cancellation of its contract with Brazil's Embraer, the Air Force says it will reopen the contest to build the light-strike aircraft bound for Afghanistan. "It was regrettable that we had a problem on our documentation on the first source selection," said Gen. Norton Schwartz, Air Force chief of staff. "As a result, we responded by discontinuing that phase of the effort and we will begin anew here later this month with the current offers." Apr 10, 2012
L-3 Communications L-3 Agrees to Acquire ThalesO Civil Aircraft Simulation & Training Business. L-3 Communications announced that it has entered into an agreement to acquire the assets of Thales Training & Simulation LtdOs civil aircraft simulation and training business. The purchase price is [pounds sterling]83 million (approximately $132 million) and will be funded with cash on hand. Headquartered in Crawley, United Kingdom, the business employs approximately 400 people. It is a leading manufacturer of commercial flight simulation equipment, with an installed base of more than 540 simulators and a significant global customer roster. The business also operates a training center in Asia. Its advanced civil aircraft simulators are compliant with U.S. Federal Aviation Administration, European Aviation Safety Agency and International Civil Aviation Organization regulations. The acquisition is anticipated to be completed in the summer of 2012, subject to customary closing conditions and regulatory approvals, and will be substantially structured as an asset purchase for income tax purposes. For the 12 months ending December 31, 2012, the new civil aircraft training and simulation business is expected to generate sales of approximately $150 million. The acquisition is expected to be immediately accretive to L-3Os results of operations. OWith this acquisition, L-3 will strengthen its existing military training and simulation business by adding full flight simulator capability and expanding into the civil simulation market. The business, when combined with our existing military training and simulation business, will enable L-3 to offer a full range of total training system solutions to military and commercial customers,O said Michael T. Strianese, L-3Os chairman, president and chief executive officer. OThe result for L-3 will be a diversified and expanded simulation and training...