The US Air Force has selected the MH-139 made by Boeing and Leonardo to replace its UH-1N Iroquois helicopter fleet. The $2.4 billion deal is for 84 aircraft.
John Luddy, Aerospace Industry Association vice president for national security policy, points out that AIA "supports the use of performance-based payments" but that the latest proposal from the Pentagon is not the right answer. "If this rule goes into effect, the impacts will be significant and detrimental for the companies in our industry, including the small and medium businesses in our supply chain, who are the lifeblood of the military industrial base and are more vulnerable to unpredictable cash flows," he said.
The Federal Aviation Administration reauthorization bill, which is receiving bipartisan support, includes provisions to advance supersonic passenger flight in the US. NASA and Lockheed Martin are working together to develop low-noise sonic boom technology.
Airbus Helicopters is predicting a market with as much as a $10.6 billion in revenue to support the wind farm industry, which may buy as many as 1,000 helicopters over the next two decades. "Helicopters are an integral part of any logistics concept for offshore wind farms," Airbus' Dennis Bernitz said.
Boeing, Northrop Grumman, Lockheed Martin and General Dynamics all have women in executive leadership positions, with Lockheed Martin CEO Marillyn Hewson taking the top position on Fortune's Most Powerful Women list. These four companies had combined revenue of $110 billion in 2017.
Private space industry partnerships will help bring the US back to the moon and maintain a space presence, NASA Administrator Jim Bridenstine said at an industry forum. "There is only one country on the planet that is going to build an architecture for sustainability so we can go back and forth to the moon," he said.
Michele Evans, Lockheed Martin's new executive vice president for aeronautics, says the company is working hard on advancing multidomain command and control technologies and reducing the cost of the F-35. "We are on track to meet that $80 million-per-jet cost," she said.
The Aerospace Industries Association says a proposal by the Defense Department to reduce payments early in project life cycles would harm defense industry contractors. "If this rule goes into effect, the impacts will be significant and detrimental for the companies in our industry," AIA Vice President John Luddy said.
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