General Dynamics, Finmeccanica Subsidiary Team to Pursue USAF Trainer Aircraft Program; Jerry DeMuro Comments

General Dynamics (NYSE: GD) and a Finmeccanica subsidiary are forming a partnership to pursue a U.S. Air Force program intended to develop a new trainer aircraft and associated systems. The companies said team will offer a new pilot training system built around Alenia Aermacchi’s T-100, a variant of its M-346 military aircraft trainer. General Dynamics’ C4 systems unit will be the prime...

UPDATE: BAE Teams with Northrop, L-3 to Pursue $11B Air Force Trainer Award

A contracting team led by BAE Systems that includes Northrop Grumman (NYSE: NOC) and L-3 Communications‘ (NYSE: LLL) simulation and training business is competing with Lockheed Martin (NYSE: LMT) for an estimated more than $11 billion contract to build up to 350 training jets for the U.S. Air Force. Those figures are according to Graham Ruddick of The Telegraph, who writes that “BAE believes...