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.
Capt. Jeff Haney was flying over Alaska in late 2010 when an engine bleed-air malfunction on his F-22 Raptor caused the control system to shut off oxygen flow to his mask.
It may be just business, but already the CEOs of major aerospace equipment makers are sending warning shots to each other as manufacturers increasingly look to capitalize on the aftermarket.
Demonstrations of the U.S. Navy’s electromagnetic railgun are ramping up at the Naval Surface Warfare Center Dahlgren Division’s new railgun Rep-Rate Test Site at Terminal Range.
Seventeen days after a mishap that killed 16 Marines and sailors, the U.S. Marine Corps is grounding its fleet of 12 KC-130T aircraft out of an abundance of caution.
U.S. Army Chief of Staff Gen. Mark Milley says he supports the diplomatic and economic pressure being applied to North Korea by the White House and State Department, but “time is running out” before Kim Jong-un has an operational system capable of striking the U.S. mainland.
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.”
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.
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.
The manufacturers have agreed to supply the weapons, says the office, the Defense Acquisition Program Administration (DAPA), presumably meaning that terms have been settled. But there is no mention of government permissions for exporting the missiles.
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.
The Korea Aerospace Research Institute (KARI) has demonstrated the automatic takeoff and landing of a tiltrotor unmanned aircraft system (UAS) on a moving ship.
Congressional support is building for the U.S. Missile Defense Agency’s (MDA) proposed space-based sensor layer for persistent tracking and discrimination of missiles.
As the U.S. Air Force prepares to solicit industry for development of an air-launched hypersonic conventional strike weapon, for the first time the service is outlining its approach to operationalizing high-speed capability for a wide range of roles.
Air France Industries KLM Engineering & Maintenance has been awarded a contract by the French Defense Procurement Agency for both the “Maintenance in Operational Condition” and cockpit upgrade of the French Air Force’s four Boeing E-3 Sentry aircraft.
