Harry Stonecipher, president and chief executive officer of McDonnell Doulgas Corp., received 1996 compensation of $1.9 million and $2.7 million in stock awards, for a total of $4.6 million, according to the company's proxy statement. It said that John McDonnell, chairman, got $971,980 for the year and $3.3 million from the company's long term incentive plan, for a total of $4.3 million. Long-term incentive payments have been deferred for tax reasons, the statement said.
CAE INC., Toronto, won a $3.4 million contract from US Airways to upgrade four simulators and two flight training devices. The contract includes options which can be exercised over the next two years.
Lockheed Martin executed a definitive agreement to reposition 10 business units as a new independent company, L-3 Communications Holdings Inc., Lockheed Martin announced yesterday. The new company, which Lockheed Martin announced earlier this year (DAILY, Feb. 4), will be jointly owned by Lehman Brothers Capital Partners III L.P. (50%), Lockheed Martin (35%), and a management team composed of former Lockheed Martin executives (15%).
A Texas State Court judge denied Chromalloy Gas Turbine Corp.'s request for an injunction against Pratt&Whitney in an antitrust case in San Antonio, Tex., United Technologies said Wednesday. The ruling brought another defeat for Chromalloy in its year-and-a- half old suit alleging that Pratt holds a monopoly on the jet engine repair market (DAILY, Aug. 27, 1996 and Dec. 6, 1996). Chromalloy was seeking between $100 million and $600 million in damages.
The U.S. Ballistic Missile Defense Organization on April 1 started up a new joint program office on National Missile Defense (NMD). It is intended to provide management oversight for NMD program elements from the Army Space and Strategic Defense Command and the Program Executive Office for air and missile defense in Huntsville, Ala.; U.S. Air Force Electronic Systems Center, Hanscom AFB, Mass.; Air Force Space and Missile Systems Center, Los Angeles AFB, Calif., and the Joint National Test Facility, Colorado Springs, Colo.
Defense Secretary William Cohen and Israeli Defense Minister Yitzhak Mordechai yesterday agreed to increase funding to accelerate the Arrow anti-missile program and expand test work on the Tactical High Energy Laser (THEL). Pentagon spokesman Ken Bacon said the plan is to increase the $200 million fiscal 1998 budget for Arrow by about 25%. When asked if a change in threat is behind the Arrow decision, Bacon said U.S. and Israeli officials felt the "increased investment in the program was warranted at this time."
An article in The DAILY on April 2 incorrectly stated the lift capacity of India's GSLV booster. The GSLV will be able to lift 2.5 metric tons to geostationary transfer orbit, not 2.5 tons to geosynchronous orbit as reported.
Litton's Applied Technology Div. won a $116.2 million contract from the Aerospace Industrial Development Corp. of Taiwan for improved radar warning receivers, the company announced. It said the basic contract for $111 million includes production, spares and integrated logistics support services. A $5.2 million option extends through July of this year and includes provisions for support equipment and training.
Prodded by the Quadrennial Defense Review, the U.S. Air Force is providing alternate cost data on the F-22 fighter that reflect fewer than the 438 aircraft now being planned, according to AF and industry officials. While the requirement is 438, "we've dealt with numbers coming down to probably about half that" in cost drills, Tom Burbage, program general manager for the Lockheed Martin/Boeing F-22 industry team, told reporters yesterday. "We're doing a lot of 'what if' drills with our [AF System Program Office] counterpart."
Even though the Pentagon provides air traffic control services that benefit the National Airspace System, it should pay user fees like other NAS customers if the U.S. shifts to fees for financing the system, the General Accounting Office believes. In the draft of "Air Traffic Control - Issues Related to FAA's Provision of Services to DOD" (GAO/RCED-97-106), a report GAO plans to publish this month, the agency cites four among many issues that must be resolved:
McDonnell Douglas officially delivered the first AH-64D Longbow Apache to the U.S. Army on March 31 at its Mesa, Ariz., facility, the company announced Wednesday. McDonnell Douglas is remanufacturing the first 232 AH- 64Ds under a $1.9 billion, five-year contract.
Delta Air Lines said yesterday that it has picked General Electric and CFM International to build engines for most of the 106 jetliners it placed on firm order last month from Boeing Co. for delivery over the next 20 years. It chose Rolls-Royce to supply engines for ten additional Boeing airliners that are on option.
Europe will rebuild the Cluster series of four scientific satellites lost in the failure of the first Ariane 5 booster and launch them on two Russian Soyuz rockets in mid-2000, the European Space agency reported yesterday. The ESA Science Program Committee approved a 214 million-ECU (about $345 million) program to build one spacecraft from Cluster spares and three complete new spacecraft.
Lower defense electronics sales due to shrinking military budgets have forced Whittaker Corp., Simi Valley, Calif., to explore the idea of divesting all or part of its defense electronics unit in coming months, according to Joseph F. Alibrandi, chairman and chief executive officer.
Negotiations between Lockheed Martin and the International Association of Machinists and Aerospace Workers in Fort Worth, Tex., have taken on a new urgency with the workers' contract set to expire at midnight on Sunday. A Lockheed Martin spokesman said progress is being made. He said talks have not reached the "round-the-clock" stage, but there is a "good prospect that might happen later." Key issues include outsourcing, job security protection, wages, pension benefits and medical insurance.
Several Taipei newspapers quoted unidentified military sources as saying the Chinese army has built a full-scale mockup of Taiwan's largest air base in Kansu Province. The purpose of the facility, which reportedly represents Chingchuankang (CCK) Air Force Base, is to conduct attack training, according to the reports. They say that the Chinese Air Force recently used the facility for war games dubbed "West 969," and that the games included bombing exercises and parachute drops simulating the capture of CCK.
To avoid costly bills associated with operating several of its aging carrier-based support planes, the U.S. Navy is considering accelerating the Common Support Aircraft that is slated to replace several older models. The service has been studying for more than a year what a replacement for E-2, C-2, S-3 and ES-3 aircraft should look like (DAILY, Jan. 31, 1996). It now may be altering the timetable that called for the new plane to be fielded around the year 2011.
PACER INFOTEC INC., Billerica, Mass., won a $12 million contract from Lockheed Martin Missiles and Space to support the Space Based Infrared System (SBIRS) High Component Program. Pacer will perform a significant portion of the Electronic Data and Management System (EDAMS) web-based intranet engineering support. Work will be performed at the Santa Clara, Calif., facility and will result in an increase in staffing.
The General Accounting Office says in a new report that the Pentagon has saved money by assisting U.S. defense companies cover the cost of restructuring. It thus rejects the notion that Dept. of Defense is providing "payoffs for layoffs." The Pentagon practice of assisting defense companies when they merge or restructure has been under fire for months on Capitol Hill, with several lawmakers charging that no real savings are being achieved. GAO's report backs the Pentagon, saying this isn't so.
British Midland, in the largest order by a British carrier for Airbus Industrie, said yesterday it will place orders for 20 aircraft valued at $1 billion. The carrier said it is ordering eight A321s and 12 A320s which will be delivered over the next five years. Three of the A321s will go into service next spring. If extra capacity is needed, the carrier said it can opt for A321s instead of A320s. The carrier is negotiating with CFM International and International Aero Engines on powerplants for the aircraft.
Engineers are finishing the design of the linear aerospike engine that will power NASA's X-33 suborbital reusable launch vehicle prototype, and will soon release it for fabrication by Rocketdyne, according to a top manager at Lockheed Martin Skunk Works, the X-33 prime contractor.
All-cargo airlines should be required to equip their aircraft with collision avoidance systems as soon as possible, according to members of the House aviation subcommittee. They urged Acting FAA Administrator Barry Valentine on Tuesday to "establish a reasonable date certain by which the industry must either have a new collision avoidance system operational or must install existing TCAS [Traffic Alert and Collision Avoidance System] technology in their planes."
A new facility at the Naval Strike and Air Warfare Center, Fallon, Nev., will help train aircrews in the latest sensor-to-shooter techniques for attacking targets, according to the U.S. Navy. It said the "Rapid Targeting Cell," housed in a 650-square foot building within the NSAWC, was officially opened March 12 in a ceremony attended by representatives of the U.S. Navy, Marine Corps, Air Force, National Reconnaissance Office and industry.
NASA launch managers delayed today's planned launch of the Space Shuttle Columbia on a 16-day Spacelab mission by 24 hours so technicians could insulate a coolant pipe engineers feared might freeze and burst on the long-duration flight. Launch of Columbia on STS-83, originally scheduled for 2:01 p.m. EST today, was reset for 1:07 p.m. EST Friday. The slight advance in the time of day was made to accommodate an equipment malfunction at Banjul, the Gambia, that would restrict emergency landings there to the daylight hours, NASA said.
