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A strike by over 30,000 Boeing workers has disrupted production and supply chains, making it harder for the company to meet its 737 MAX production targets
Sept. 13, 2024 - CFO Brian West warned that the strike could delay Boeing's progress and negatively impact third-quarter margins from its defense and space unit. The strike, the first since 2008, adds further uncertainty to Boeing's supply chain and production schedules. (Reuters)
Sept. 13, 2024 - CFO Brian West warned that the strike could delay Boeing's progress and negatively impact third-quarter margins from its defense and space unit. The strike, the first since 2008, adds further uncertainty to Boeing's supply chain and production schedules. (Reuters)
The U.S. Department of Defense awarded Raytheon a $1.1 billion contract to increase production of Advanced Medium Range Air-to-Air Missiles for 12 allied nations
Sept. 12, 2024 - AMRAAM, known for its fire-and-forget capability, can be integrated with various combat aircraft and missile systems and has been in service for over 30 years. The missile features advanced radar guidance, enabling it to engage multiple targets simultaneously. (AirForce Technology)
Sept. 12, 2024 - AMRAAM, known for its fire-and-forget capability, can be integrated with various combat aircraft and missile systems and has been in service for over 30 years. The missile features advanced radar guidance, enabling it to engage multiple targets simultaneously. (AirForce Technology)
Northrop Grumman may reconsider competing in the Air Force’s Next Generation Air Dominance program if there are significant changes to its requirements
Sept. 12, 2024 - Previously, Northrop opted out, leaving Boeing and Lockheed Martin in the race, but is monitoring the situation closely. Meanwhile, the company is still pursuing the Navy's F/A-XX sixth-generation fighter jet program, with a decision expected next year. (Defense One)
Sept. 12, 2024 - Previously, Northrop opted out, leaving Boeing and Lockheed Martin in the race, but is monitoring the situation closely. Meanwhile, the company is still pursuing the Navy's F/A-XX sixth-generation fighter jet program, with a decision expected next year. (Defense One)
Boeing has delayed its production goal for the 737 MAX by 6 months, pushing the target of 42 jets per month to March 2025, due to safety and regulatory challenges
Sept. 10, 2024 - While Boeing still aims to produce 38 jets a month by the end of 2024, suppliers like Spirit AeroSystems have already reduced their output to align with Boeing’s revised schedule. The company continues to adjust plans based on supply chain conditions to maintain stability. (Reuters)
General Dynamics Information Technology has acquired Iron EagleX, a Tampa-based firm specializing in AI and cybersecurity solutions for special forces
Sept. 9, 2024 - This acquisition expands GDIT’s work with the U.S. Special Operations Command and adds hundreds of skilled employees to its workforce. Iron EagleX, which previously secured significant contracts with SOCOM, sees this merger as an opportunity to enhance its impact on national security. (Breaking Defense)
Sept. 9, 2024 - This acquisition expands GDIT’s work with the U.S. Special Operations Command and adds hundreds of skilled employees to its workforce. Iron EagleX, which previously secured significant contracts with SOCOM, sees this merger as an opportunity to enhance its impact on national security. (Breaking Defense)
