Mercury Systems had a respectable fiscal 3Q, but overshadowing the performance was significant pressure on margins tied to slow-moving development programs.
Metrea’s business case rests on the uncomfortable fact that hundreds of Air Force-owned air refueling aircraft cover only a fraction of the potential demand.
One or more experimental aircraft could start flying in 2027 to prove the feasibility of a transporter that can speed up like a jet and land like a helicopter.
The U.S. Marine Corps is halving its planned 2021 buy of F-35Bs to 10 jets, while the Navy is purchasing three fewer F-35Cs than in the previous year’s budget projection.