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Magazine Issue

Aerospace Daily & Defense Report, July 28, 2017

VOL. 261 NO. 18 July 28, 2017

Funding & Policy

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Space, Intel, Aero Classified Work Boosting Bottom Lines

Jul 27, 2017
Wes Bush, Northrop chairman, chief executive officer and president, said during the company’s second-quarter 2017 teleconference July 27 that there was a “likelihood that an increasing fraction of our business may become restricted.”

SpeedNews Defense & Space

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SpeedNews Defense & Space

Jul 28, 2017
LOCKHEED MARTIN has $119.7m U.S. Navy contract for design, development, testing, reverse engineering, and other engineering support of Integrated Submarine Imaging Systems program. Work complete September 2018. LEONARDO has NORWEGIAN POLICE DIRECTORATE contract of undisclosed amount for three AW169 helicopters and 10-year maintenance package.

Business

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Raytheon: No Plans For IPO On Cybersecurity JV

Jul 28, 2017
Raytheon chief executive Tom Kennedy said July 27 his company has no plans to pursue an initial public offering of stock for its Forcepoint cybersecurity joint venture. Raytheon paid $1.9 billion for a majority stake in the then-Websense business in 2015. Kennedy reminded financial analysts in the latest quarterly teleconference that Raytheon made the deal as a long-term play in cyber capabilities.
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New L3 CEO To Look At Aerospace Consolidation, M&A

Jul 27, 2017
Chris Kubasik, who will swap his COO title at L3 Technologies for CEO at the end of the year, will focus first on trying to find efficiencies in the company’s Aerospace Systems division.

Programs

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Lockheed Fires Lrasm From New Deck-Mounted Launcher

Jul 27, 2017
Lockheed Martin has successfully fired its AGM-158C Long Range Anti-Ship Missile (Lrasm) from a new deck-mounted launcher.
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India To Build Second RLV Demonstrator By 2018

Jul 27, 2017
The unmanned, unpowered RLV-TD is a space shuttle-like subscale reusable spaceplane that is launched atop a booster rocket.
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Dassault Welcomes Franco-German Fighter Plan

Jul 27, 2017
Speaking in Paris as the company announced its half-yearly results, Trappier said French president Emmanuel Macron and German Chancellor Angela Merkel clearly want Europe “to have a strong Franco-German pillar,” however he said the timescales for such a program were unclear.
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Indonesia Wants Armed Drones From China

Jul 27, 2017
The chief of the Indonesia’s Defense Facilities Board, Rear Adm. Leonardi, says the air force has stated a requirement for a high-endurance unmanned system able to detect, track and attack targets.

Operations

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North Dakota To Pioneer Commercial Bvlos UAS Flights

Jul 26, 2017
North Dakota’s Grand Sky unmanned aircraft business park is planning to begin commercial beyond-visual-line-of-sight flights in mid-August following final approval and equipment installation.

Aviation Week Forecasts

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Western Trainer And Light Combat Aircraft MRO Demand By Region

Jul 28, 2017
View the Western Trainer And Light Combat Aircraft MRO Demand By Region By Region chart in PDF format.