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Magazine Issue

Aerospace Daily & Defense Report, May 8, 2020

VOL. 272 NO. 25 May 08, 2020
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Business

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Raytheon Tech To Slash Workforce, Billions In Costs Due To COVID-19

May 07, 2020
Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19. 
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Nammo Closes Acquisition Of Florida-based Chemring Business

May 07, 2020
Ordnance company Nammo has closed out the acquisition of Chemring’s Florida-based business, expanding the Norwegian company’s U.S. footprint.

Daily Briefs

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Daily Briefs

May 07, 2020
Brief news items of interest to aerospace & defense professionals.

In Brief

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U.S. Navy Awards Bell Boeing V-22 Contract

May 07, 2020
The U.S. Navy has awarded the Bell Boeing Joint Project Office of Amarillo, Texas, a $10,178,059 contract modification to provide for additional…

Operations

Chang'e 5
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Chinese Mars, Chang’e 5 Missions Confirmed For 2020

May 06, 2020
China has confirmed plans to send a spacecraft to Mars and the Chang’e 5 mission to the Moon by the end of 2020.
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Space Force Plans Launch Of X-37B On May 16

May 06, 2020
The U.S. Space Force plans to launch the X-37B orbital test vehicle outfitted for three missions May 16 from Cape Canaveral.
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Russian Aerospace Industry Faces Two COVID-19 Deaths

May 06, 2020
The Russian aerospace industry lost two top managers to COVID-19 this week. 

Suppliers

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Despite OEM Rate Cuts, Howmet Still Expects Price Increases In New LTAs

May 06, 2020
Howmet Aerospace, one of the few providers of aerospace forgings, castings and other key aircraft ingredients, still expects to leverage price gains out of embattled aviation OEMs in new long-term agreements (LTAs) even as COVID-19 upends commercial air travel nearer term.
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L3Harris Pilot Simulation, Training Work Take COVID-19 Hit

May 05, 2020
L3Harris Technologies’ turn toward simulation and training serving commercial air travel is coming back to haunt it as the company now forecasts lower organic revenue and earnings per shares (EPS) for 2020 due to a COVID-19 falloff.
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Spirit Aero Reels, But Will Go Ahead With Asco, Bombardier Acquisitions

May 06, 2020
Leaders of aerostructures supplier Spirit AeroSystems already are envisioning a dramatically different company as COVID-19 upends commercial air…

Programs

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U.S. Army Seeks Feedback On Schedule Options For FLRAA

May 06, 2020
The U.S. Army is seeking industry feedback on two schedule options for the Future Long-Range Assault Aircraft, including one timeline with a slight acceleration for the delivery of the first prototype. 
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Airbus Developing Removable Refueling Boom For MRTT

May 05, 2020
Airbus is developing a removable refueling boom for its A330 Multi-Role Tanker Transport to meet a requirement for the European Multinational Multi Role Tanker Transport Fleet.
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New JPO Study Moves F-35 Engine Upgrade Proposal Forward

May 06, 2020
The Lockheed Martin F-35 is a step closer to receiving a major engine upgrade as part of the Block 4 follow-on modernization program. 

Funding & Policy

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U.S. Senators’ Move To Block Basing Of USAF F-35s In UK Sparks Worry

May 06, 2020
Concerns that U.S. senators are writing amendments that could prevent the basing of U.S. Air Force F-35s in Britain because of the UK’s planned use of Chinese technology in its future 5G communications network have triggered alarm among British lawmakers.

Aviation Week Forecasts

market_analysis-forecasts

Aviation Week Forecasts: Western Maritime Aircraft MRO Demand By Family 2020-2029

May 07, 2020
AVIATION WEEK NETWORK forecasts that over the next 10 years, Western military aircraft performing maritime missions will generate $31 billion in…