South Korea to Partner with Lockheed on Fighter Jet Development

lockheed martin
South Korea is planning to buy Lockheed Martin (NYSE: LMT)-built F-35 fighters for nearly .1 billion, Reuters reported Friday. Joyce Lee writes the acquisition proposal for 40 F-35 jets is set to complete in the third quarter of 2014. South Korea’s Joint Chiefs of Staff are also pushing for an estimated $8.24 billion program to develop twin-engine fighter jets, Reuters reports. Korea Aerospace...

Dynamic Aviation to Modify, Maintain Army Aircraft in Afghanistan; Michael Stoltzfus Comments

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Dynamic Aviation has been awarded a contract worth $ 22.4 million to perform support services on the U.S. Army’s Beechcraft-built twin-turboprop aircraft for its missions in Afghanistan. The company will work to adapt, integrate and maintain three Beechcraft King Air 200s under the communications electronic attack with surveillance and reconnaissance program, Dynamic Aviation said Wednesday. “We...

Deborah Lee James: Air Force Seeks ‘Mature Tech’ for Strike Bomber

Deborah Lee James
Deborah Lee James The U.S. Air Force has begun scouting for a contractor to develop the service’s new bomber under a program cost cap of $550 million per plane, Military Times reported Thursday. Brian Everstine writes a potential manufacturer will start to build the long-range strike bomber in the spring and the Air Force plans to operate the aircraft in mid 2020. Air Force Secretary Deborah Lee...

Northrop Awarded $3.6B to Build 25 Navy Hawkeye Aircraft

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Northrop Grumman Corp. (NYSE: NOC) has been awarded a $3.6 billion multiyear contract to build a new batch of Hawkeye aircraft for the U.S. Navy. Northrop will work to build 25 new E-2D Advanced Hawkeyes and incorporate a rotating rotodome and four vertical stabilizer tail configuration into the aircraft for surveillance operations, Northrop said Monday. Navy Capt. John Lemmon, program manager of...

William LaPlante: Air Force Nears RFP for Long-Range Bomber Program

long range bomber
William LaPlante, assistant secretary for acquisition at the Air Force, said Friday the branch will launch final solicitations for a new long-range bomber within the next few days, Defense News reported Friday. Aaron Mehta writes that LaPante added the Air Force is scheduled to begin the process of awarding the Long-Range Strike Bomber contract in the first half of 2015. The branch plans to buy 80...

Textron Unveils Renamed Aircraft Simulation Business; James Takats Comments

Logistics
Textron (NYSE: TXT) has changed the name of its business operations unit that delivers flight simulation technology and services to both military and industrial customers. The company’s simulation and training systems business has been renamed TRU Simulation + Training Inc., Textron announced Tuesday. “Providing solutions that depict realistic environments and conditions that are true to...

Ian Copeland to Head DynCorp’s UK Arm; Chris Bernhardt Comments

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Maj. Gen. Ian Copeland, who retired from the British army earlier this year, has joined DynCorp International as U.K. managing director as the company aims to expand in Britain, the company said Thursday. Chris Bernhardt, DynCorp president, said the company intends to leverage its experience in maintaining military aircraft and vehicles worldwide to seek business opportunities in the U.K. The company...

Deborah Lee James: Air Force Plans Long-Range Bomber RFP For Later This Year

Deborah Lee James
Deborah Lee James The U.S. Air Force is requesting $11.8 billion in funding to build a new long-range bomber, Bloomberg News reported Thursday. Tony Capaccio writes the branch intends to acquire up to 100 Long-Range Strike Bomber units for $55 billion total over five years. Air Force Secretary Deborah Lee James said earlier this month at a Bloomberg Government conference that the branch could...

Lockheed, Rolls-Royce Ink $1B C-130 Engine Deal; Tom Bell, George Shultz Comment

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Lockheed Martin Corp. (NYSE: LMT) has agreed to power its C-130J aircraft with Rolls-Royce-built engines under a $1 billion deal signed by both companies. Rolls-Royce will deliver nearly 600 AE 2100 engines for the C-130J Super Hercules and develop those engines for all C-130J variants through 2025, Rolls-Royce said Wednesday. The engines are intended to help fulfill requirements for contracts with...

Report: Mitsubishi Heavy, BAE Discuss F-35 Parts Deal

F35
Japan-based Mitsubishi Heavy Industries is negotiating with BAE Systems the terms of a potential contract, where Mitsubishi Heavy would supply components for Lockheed Martin‘s (NYSE: LMT) F-35 aircraft, Reuters reported Monday. Tim Kelly writes the progress of that agreement depends on the decision of Japan’s government on whether to subsidize production of parts for the F-35’s rear fuselage. BAE...