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Boeing and Lockheed Martin are in discussions to sell their joint venture, United Launch Alliance to Sierra Space
Aug. 16, 2024 - Being a major competitor to SpaceX, it could benefit Sierra Space by providing in-house launch capabilities for its spaceplane and space-station projects. Previous attempts to sell ULA have failed, and the current negotiations might still not result in a deal. (Reuters)
Aug. 16, 2024 - Being a major competitor to SpaceX, it could benefit Sierra Space by providing in-house launch capabilities for its spaceplane and space-station projects. Previous attempts to sell ULA have failed, and the current negotiations might still not result in a deal. (Reuters)
The all-new Gulfstream G400 completed its successful inaugural flight on August 15, 2024, showcasing its advanced design and high performance
Aug. 16, 2024 - The jet flew for nearly three hours, reaching speeds of Mach 0.85 and an altitude of 41,000 feet. The G400, priced at approximately $34.5 million, features advanced wings and engines, and offers customizable seating for up to 12 passengers. (Aero Time)
Aug. 16, 2024 - The jet flew for nearly three hours, reaching speeds of Mach 0.85 and an altitude of 41,000 feet. The G400, priced at approximately $34.5 million, features advanced wings and engines, and offers customizable seating for up to 12 passengers. (Aero Time)
GE Aerospace is expanding its maintenance facility in Fort Worth, Texas, after the City Council approved tax breaks to support the project
Aug. 15, 2024 - The expansion will add 3.25 acres to the existing facility, require $50 million in investments, and create 100 new jobs by 2026. (WFAA)
Aug. 15, 2024 - The expansion will add 3.25 acres to the existing facility, require $50 million in investments, and create 100 new jobs by 2026. (WFAA)
The U.S. State Department has approved significant arms deals with Germany, Italy, and Denmark
Aug. 15, 2024 - This deal includes a potential $5 billion sale of Patriot missiles to Germany, $738 million worth of Reaper drones to Italy, and $85M in GPS guidance kits for Denmark. (Breaking Defense)
Lockheed Martin is set to acquire smallsat manufacturer Terran Orbital for $0.25 per share and will assume its existing debt, a deal valued at $450M and expected to close in Q4
Aug. 15, 2024 - This move follows a previously withdrawn offer and reflects Lockheed's strategic interest in integrating Terran Orbital's capabilities while maintaining its role as a commercial supplier. (Space News)
Aug. 15, 2024 - This move follows a previously withdrawn offer and reflects Lockheed's strategic interest in integrating Terran Orbital's capabilities while maintaining its role as a commercial supplier. (Space News)
United Airlines CEO Scott Kirby expressed renewed optimism about Boeing's recovery after meeting with the plane maker's new CEO, Robert "Kelly" Ortberg
Aug. 15, 2024 - Despite previous frustrations with Boeing's delays, Kirby now believes the company is on the right path and will recover faster than expected. United currently has 484 unfilled orders with Boeing. (NBC News)
Aug. 15, 2024 - Despite previous frustrations with Boeing's delays, Kirby now believes the company is on the right path and will recover faster than expected. United currently has 484 unfilled orders with Boeing. (NBC News)
Warren Buffett's Berkshire Hathaway significantly reduced its stake in Apple and invested in Ulta Beauty and Heico during the second quarter
Aug. 15, 2024 - As of June 30, Berkshire held $266.3 million in Ulta Beauty shares and $185.4 million in Heico shares. The investments caused Ulta Beauty and Heico shares to rise, signaling investor confidence in Berkshire's choices. (Reuters)
Aug. 15, 2024 - As of June 30, Berkshire held $266.3 million in Ulta Beauty shares and $185.4 million in Heico shares. The investments caused Ulta Beauty and Heico shares to rise, signaling investor confidence in Berkshire's choices. (Reuters)
El Al Israel Airlines signed a deal with Boeing to purchase up to 31 Boeing 737 MAX aircraft, valued at up to $2.5B
Aug. 14, 2024 - The agreement includes 20 firm orders worth $1.5 billion and options for 11 additional planes, with deliveries starting in 2028. The airline may accelerate some deliveries to 2027 through a dry lease. (Reuters)
Aug. 14, 2024 - The agreement includes 20 firm orders worth $1.5 billion and options for 11 additional planes, with deliveries starting in 2028. The airline may accelerate some deliveries to 2027 through a dry lease. (Reuters)
Northrop Grumman is set to lay off 550 employees at its California space facilities in Redondo Beach and Manhattan Beach, continuing a trend of workforce reductions in the sector
Aug. 14, 2024 - The layoffs come after a recent program cancellation by the U.S. Space Force and decreased revenue from NASA projects, despite reported growth in the company's space business. (Space News)
Aug. 14, 2024 - The layoffs come after a recent program cancellation by the U.S. Space Force and decreased revenue from NASA projects, despite reported growth in the company's space business. (Space News)
The Biden administration has approved a potential $20 billion arms sale to Israel, including F-15 fighter jets, amidst ongoing conflict in Gaza
Aug. 13, 2024 - The sale was initially delayed due to humanitarian concerns, has now moved forward after two key Democrats withdrew their objections. (Breaking Defense)
Aug. 13, 2024 - The sale was initially delayed due to humanitarian concerns, has now moved forward after two key Democrats withdrew their objections. (Breaking Defense)
Lockheed Martin and General Dynamics have formed a strategic partnership to produce solid rocket motors for the U.S. military's Guided Multiple Launch Rocket System
Aug. 13, 2024 - Production will start in 2025 at General Dynamics' Arkansas facility as the U.S. military seeks to replenish missile stocks amid rising global conflicts. (Space News)
Aug. 13, 2024 - Production will start in 2025 at General Dynamics' Arkansas facility as the U.S. military seeks to replenish missile stocks amid rising global conflicts. (Space News)
Airbus is grappling with significant supply-chain delays that have forced it to cut delivery targets and defer production goals
Aug. 13, 2024 - While Boeing attempts to recover from its own crises, Airbus faces ongoing challenges with essential components, leading to frustrations within the company and concerns about future production timelines. (WSJ)
Aug. 13, 2024 - While Boeing attempts to recover from its own crises, Airbus faces ongoing challenges with essential components, leading to frustrations within the company and concerns about future production timelines. (WSJ)
Poland has signed a $1.23B deal with Raytheon Polska and PGZ Huta Stalowa Wola to produce 48 Patriot air defense system launchers domestically
Aug. 12, 2024 - The decision reflects Poland's heightened defense priorities following Russia's 2022 invasion of Ukraine, with defense spending now at 4% of its GDP. (Reuters)
Aug. 12, 2024 - The decision reflects Poland's heightened defense priorities following Russia's 2022 invasion of Ukraine, with defense spending now at 4% of its GDP. (Reuters)
Norway is considering purchasing up to 16 Lockheed Martin HIMARS systems in a potential $580M deal as part of its long-range precision fires program
Aug. 12, 2024 - This inquiry is part of a pre-procurement phase, with Norway yet to decide on the purchase, while South Korea's Hanwha Aerospace is also vying for the contract with its K239 Chunmoo system. (Defense News)
Aug. 12, 2024 - This inquiry is part of a pre-procurement phase, with Norway yet to decide on the purchase, while South Korea's Hanwha Aerospace is also vying for the contract with its K239 Chunmoo system. (Defense News)
