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Tag Archives: Boeing

Boeing Signs $3.2B Cash Deal for Aircraft Parts Maker KLX

Boeing (NYSE: BA) has agreed to purchase aviation parts and services provider KLX (Nasdaq: KLX) for approximately $3.2 billion cash in a move to grow its services business. Boeing said Tuesday it will pay $63 per share in cash and assume $1 billion in net debt from the Wellington, Florida-based aerospace parts …

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Boeing Anticipates FAA Airworthiness Certification for KC-46 After Flight Tests

TYSONS CORNER, VA, April 30, 2018 — Boeing (NYSE: BA) has completed tests required for the KC-46 aerial refueling aircraft to secure a Supplemental Type Certificate from the Federal Aviation Administration in efforts to establish airworthiness, ExecutiveBiz reported Friday. The company said Thursday the tanker underwent tests including validation of the boom and drogue …

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Boeing Drafts 10 Local Firms for Bid on Germany’s Heavy-Lift Helicopter Program

TYSONS CORNER, VA, April 27, 2018 — Boeing (NYSE: BA) has gathered 10 local companies in Germany to be part of an industry team that would bid on a potential $5 billion contract for the German military’s procurement of heavy-lift helicopters, ExecutiveBiz reported Thursday. Reuters reported Wednesday that the group includes the …

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Aerospace Industry Vet John Elbon Joins ULA as COO; Tory Bruno Comments

John Elbon, a 35-year veteran of Boeing (NYSE: BA), has succeeded Dan Collins as chief operating officer at United Launch Alliance. ULA said Thursday Elbon most recently served as vice president and general manager of the space exploration division at Boeing’s defense, space and security business. In this capacity, he led the …

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DLA Awards Boeing $427M Hornet Depot Maintenance Support Contract

Boeing (NYSE: BA) will help maintain F/A-18 Hornets of the U.S. Navy and Marine Corps aircraft fleet under a potential 10-year, $427 million contract from the Defense Logistics Agency. The sole-source contract covers the delivery and management of consumable materials for the structural repair, modification and depot level maintenance of Hornets, Boeing said Thursday. Work will …

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Boeing Receives Contract to Integrate Flight Trainer Software Updates to Naval Aircraft

TYSONS CORNER, VA, April 23, 2018 — The U.S. Navy has granted Boeing (NYSE: BA) an $18.8 million, cost-plus-fixed-fee delivery order to embed Tactical Operational Flight Trainer sensor software updates to the service branch’s F/A-18E/F and EA-18G aircraft, ExecutiveBiz reported Friday. The Chicago, Illinois-based technology company will also identify requirements, install updated …

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Govini Report: Federal Investment in Space, Hypersonic Tech Hit $83B in FY 2011-2017

A Govini report says U.S. government investments in space and hypersonic technologies from fiscal years 2011 through 2017 reached approximately $83 billion and annual government spending on such platforms rose by 6 percent over the period, SpaceNews reported Sunday. United Launch Alliance ranked first in the top 15 vendors list …

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Boeing to Adopt ‘Commercial Timeline’ to Accelerate WGS 11 & 12 Production

TYSONS CORNER, VA, April 20, 2018 — Boeing (NYSE: BA) is working to accelerate its effort to build the 11th and 12th Wideband Global Satcom satellites using the $600 million that Congress allotted for the program in the 2018 Defense Department budget, ExecutiveBiz reported Thursday. Space News reported Wednesday that Rico Attanasio, …

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Boeing CEO Leanne Caret Receives Nimitz Award for Maritime Industry Contribution

TYSONS CORNER, VA, April 17, 2018 — Leanne Caret, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, has received the Fleet Admiral Chester W. Nimitz Award for her contribution to the maritime industry and national security, ExecutiveBiz reported April 9. The Navy League of the United …

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NASA, Boeing Vet Jon Arena Joins HII Newport News Shipbuilding as VP, Chief Counsel

Jon Arena, former senior counsel of Boeing‘s (NYSE: BA) global services segment, has joined Huntington Ingalls Industries (NYSE: HII) as vice president and chief counsel of its Newport News Shipbuilding division. He succeeds Jim Gildea and will advise the division’s senior management on legal matters in his new position, HII said Friday. Kellye Walker, …

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