Boeing, Lockheed Form Air Force Bomber Program Team; Dennis Muilenburg, Orlando Carvalho Comment

long range bomber
Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have partnered to develop a new bomber for the U.S. Air Force. Boeing will serve as prime contractor and Lockheed as primary teammate to design, integrate and test manned and unmanned weapon systems for the Air Force’s Long-Range Strike Bomber program, Lockheed said Friday. Orlando Carvalho, executive vice president of Lockheed Martin Aeronautics,...

Boeing Buys Argon ST for $775M; Roger Krone Speaks Out

Boeing's Roger Krone Boeing (NYSE: BA) announced today it had agreed to acquire defense-equipment maker Argon ST (Nasdaq: STST) for an estimated $775 million. “Combining the strength of Boeing with the experience of Argon ST will significantly accelerate our capabilities in sensors, communications technologies and information management,” said Dennis Muilenburg, president and CEO...

Boeing’s X-37B Spacecraft Heads for the Final Frontier

Boeing (NYSE: BA) successfully launched the Orbital Test Vehicle (OTV), also known as the X-37B, for the U.S. Air Force Rapid Capabilities Office. The OTV was launched on an Atlas V rocket into a low Earth orbit today at 7:52 p.m. Eastern time from Cape Canaveral Launch Complex 41. “The X-37B has the potential to bring to space the flexibility that unmanned systems provide warfighters and combatant...

U.S. Army Combat Modernization Program Approved: Boeing To Begin Production in 2010

Increment 1 of the Army’s Brigade Combat Team Modernization program has been approved for low scale production in early 2010, according to a press release from Boeing. Boeing and SAIC are responsible for the development and production of Increment 1. Increment 1 is designed to provide soldiers with enhanced surveillance, reconnaissance and intelligence capabilities. The new capabilities will...

News- Boeing Receives $8.5 Million in Stimulus Money for Smart Grid

The US Department of Energy has awarded Boeing an $8.5 million grant to conduct research on improving the efficiency of the US power grid. The research will be conducted on the next three years and will focus on improving efficiency and reliability. The grant will fund a prototype smart grid in different sections of the US. The specific goals of the project are to: increase reliability of the grid,...