Aircraft industry
The Irish low-cost airline Ryanair has reached a deal with Boeing to purchase 70 aircraft, with options to buy a further 70, for $4.6 billion. This massive order, seen as a significant boost to Boeing's order book, is expected to enable Ryanair to increase its passenger traffic
Aircraft industry
Acting Air Force Secretary Peter Teets announced the service will propose an "early demonstration" of the Space Based Radar (SBR) concept, a program to develop a constellation of satellites capable of tracking and identifying moving ground targets from space. Congress has twice rejected the program since 2000, and
Aircraft industry
Aerospace and defense trends continue to evolve, with the possibility of the V-22 Osprey making an appearance at the Paris Air Show still on the table. Meanwhile, officials are studying potential weapons to equip the next block of V-22 aircraft, and a new book by William Arkin reveals sensitive military
Aircraft industry
Columbitech, a leading developer of wireless security software, has secured a major partnership with Zebra Technologies, a prominent provider of wireless mobile printing solutions. As part of this collaboration, Zebra has integrated Columbitech's secure virtual private network (VPN) into its products, catering to the growing demand for secure
Aircraft industry
Lockheed Martin, a leading US defense company, has sold its 42% stake in TUSAS Aerospace Industries, a joint venture with Turkish Aircraft Industries. This move is part of Turkey's plan to consolidate its defense industry, with Lockheed Martin stating that it looks forward to continuing to work with
Aircraft industry
The U.K. Ministry of Defence and Atkins have chosen U.S. contractors Lockheed Martin, Raytheon, General Dynamics, and Boeing to bid on three demonstration programs for the Future Rapid Effect System (FRES), a family of network-capable armored vehicles. The program aims to provide the United Kingdom with a more
Aircraft industry
Air Force pride was wounded last December when an F/A-22 fighter jet inexplicably crashed during a test flight in Nevada. The incident was a bad omen, as just days later, the Pentagon announced plans to cut the number of F/A-22's it would buy by about a
Aircraft industry
The Department of Justice (DoJ) has announced that General Dynamics (GD) and Lockheed Martin (LMT) have been invited to compete in the second phase of a potential multi-billion dollar program aimed at creating a unified wireless communications system for federal agents and officers. The Integrated Wireless Network (IWN) program aims
Aircraft industry
Lockheed Martin's Syracuse business has announced plans to hire up to 500 new engineers in 2005 to meet its staffing needs, in addition to 750 high tech positions previously announced for Owego, NY. This move comes as Lockheed Martin is poised to win several near-term competitions for the
Aircraft industry
The U.S. Navy has awarded a Lockheed Martin-led team $US188.2 million to commence the detail design and construction of the first Littoral Combat Ship (LCS), a revolutionary new class of naval combatant designed to dominate the world's coastal waters. The Lockheed Martin team will begin construction
Aircraft industry
Lockheed Martin's acquisition of Stasys Ltd. and the sale of Israel Chemicals' stake in Sociedad Quimica y Minera de Chile SA to Potash Corp. of Saskatchewan Inc. are among recent developments in the global mergers and acquisitions landscape. Meanwhile, U.K. midmarket buyout firm Bridgepoint has acquired
Aircraft industry
Shares in Metal Storm Ltd soared 36% yesterday after the company announced a development agreement with Lockheed Martin. Under the agreement, Lockheed Martin will conduct studies and technical development demonstrations to evaluate the feasibility of Metal Storm's torpedo defence system. The agreement marks a significant milestone for Metal
