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.
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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.
