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The US Department of Defense has greenlit the sale of 12 UH-60M Black Hawk helicopters to Brazil for an estimated $950 million, pending approval by the US Congress
May 25, 2024 - Destined for the Brazilian Army, the sale aims to enhance security cooperation and bolster regional stability. Brazil, which already operates Black Hawk helicopters, awaits congressional approval to finalize the deal under the Foreign Military Sales program. (Air Data News)
May 25, 2024 - Destined for the Brazilian Army, the sale aims to enhance security cooperation and bolster regional stability. Brazil, which already operates Black Hawk helicopters, awaits congressional approval to finalize the deal under the Foreign Military Sales program. (Air Data News)
Boeing anticipates a challenging 2024 financially, with potential cash usage throughout the year, indicating a slower recovery than initially expected
May 23, 2024 - Despite aiming for a $10b free cashflow target by ‘25-'26, CFO Brian West acknowledges it may take longer to achieve, likely due to ongoing challenges in key programs such as the 737 and 787, with efforts focused on maintaining investment-grade status during the acquisition of Spirit AeroSystems. (Aviation Week)
May 23, 2024 - Despite aiming for a $10b free cashflow target by ‘25-'26, CFO Brian West acknowledges it may take longer to achieve, likely due to ongoing challenges in key programs such as the 737 and 787, with efforts focused on maintaining investment-grade status during the acquisition of Spirit AeroSystems. (Aviation Week)
Lockheed Martin, with its experience in projects like the F-22 and F-35, is positioned to lead the Next Generation Air Dominance program despite current production issues
May 23, 2024 - Boeing may contribute loyal wingman drones, aiding combat capabilities. The U.S. defense industry now revolves around Boeing, Lockheed Martin, and Northrop Grumman, with Lockheed Martin favored for NGAD. (The National Interest)
GE Aerospace plans to hire over 900 engineers this year, with more than 200 positions based in Southwestern Ohio
May 22, 2024 - These roles encompass various engineering levels and will support programs like CFM International’s RISE technology demonstrator and military engine initiatives. GE emphasizes its commitment to innovation and offers talent development programs, targeting both early career engineers and professionals seeking to re-enter the workforce. (Dayton Daily News)
May 22, 2024 - These roles encompass various engineering levels and will support programs like CFM International’s RISE technology demonstrator and military engine initiatives. GE emphasizes its commitment to innovation and offers talent development programs, targeting both early career engineers and professionals seeking to re-enter the workforce. (Dayton Daily News)
The proposed $1.9b sale of Minnesota-based Vista Outdoor's ammunition business to the Czech arms company has sparked national security concerns among U.S. lawmakers
May 22, 2024 - Amidst global arms shortages and ongoing conflicts in Ukraine and Gaza, critics emphasize the need for American ownership to avoid foreign influence from China and Russia.
May 22, 2024 - Amidst global arms shortages and ongoing conflicts in Ukraine and Gaza, critics emphasize the need for American ownership to avoid foreign influence from China and Russia.
Poland has signed a nearly $1b deal to purchase four US-made aerostat-based early warning radar systems, financed by a US loan
May 22, 2024 - These systems are capable of detecting missiles, aircraft, drones, and seaborne units will be deployed near Poland's borders with Belarus and Russia's Kaliningrad. The principal contractors include Raytheon, TCOM, ELTA North America, and Avantus Federal. (Defense News)
May 22, 2024 - These systems are capable of detecting missiles, aircraft, drones, and seaborne units will be deployed near Poland's borders with Belarus and Russia's Kaliningrad. The principal contractors include Raytheon, TCOM, ELTA North America, and Avantus Federal. (Defense News)
Boeing will invest C$240m in Canadian aerospace development projects as part of a deal to sell Poseidon military surveillance planes to Ottawa
May 21, 2024 - The investment will fund an aerospace innovation zone, a center for a four-seat air taxi, and a firm researching advanced landing gear in Quebec. (Reuters)
May 21, 2024 - The investment will fund an aerospace innovation zone, a center for a four-seat air taxi, and a firm researching advanced landing gear in Quebec. (Reuters)
At the Riyadh conference, Saudia Group overshadowed Boeing by placing an order for 105 Airbus narrow-body aircraft, including 12 A320neos and 93 A321neos
May 20, 2024 - This is the largest order in Saudi history and marks a significant win for Airbus, especially after Boeing's anticipated Saudi business failed to materialize. (Yahoo! Finance)
May 20, 2024 - This is the largest order in Saudi history and marks a significant win for Airbus, especially after Boeing's anticipated Saudi business failed to materialize. (Yahoo! Finance)
