Author: Jane Edwards|| Date Published: January 26, 2017
Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, †Defense News reported Wednesday.
Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday the firm has started to evaluate how to leverage the potential of the T-100 trainer jet in support of the service branch.
B.J. Boling, a spokesman for Raytheon, said in a statement the decision comes nearly a year after the company partnered with Leonardo to offer the T-100 aircraft for the trainer replacement program.
Leonardo originally partnered with General Dynamics (NYSE: GD) to propose T-100 for the T-X program, but the latter decided to end its role as a prime contractor in March 2015, Insinna and Mehta report.
According to Defense News, other industry teams that plan to compete for the T-X program include:
Lockheed Martin (NYSE: LMT) and Korean Aerospace Industries
Northrop Grumman (NYSE: NOC)
Boeing (NYSE: BA)
Sierra Nevada Corp. and Turkish Aerospace Industries
The Air Force expects to name the winning contractor this year to build 350 T-X trainer jets, the report added.
Shield AI has agreed to acquire simulation software company Aechelon Technology as part of efforts to expand its technological capabilities. The San Diego-based…
SentinelOne, a company specializing in artificial intelligence security, has promoted Barry Padgett to president and chief operating officer. The appointment takes effect…
Anduril Industries and Palantir Technologies are helping develop software for the potential $185 billion Golden Dome next-generation missile defense shield,…
Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, †Defense News reported Wednesday.
