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Tag Archives: General Electric

GE to Replace, Repair Navy Aircraft Engine Parts Under Potential $630M Contract

General Electric (NYSE: GE) has secured a potential $630.5 million contract to repair or replace components of afterburning turbofan engines that currently power the U.S. Navy‘s F/A-18 E/F and EA 18G aircraft platforms. The Defense Department said Tuesday that GE will also support 773 F414 engine parts as part of the firm-fixed-priced, performance-based logistics …

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Kathy Warden to Succeed Wes Bush as Northrop CEO in 2019

Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC) and a three-time Wash100 recipient, has been elected to serve as president and CEO of the company in a move slated to take effect Jan. 1. She will succeed Wes Bush, who will continue to serve as chairman …

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GE Lands $437M Air Force Contract Modification for Engine Risk Reduction Support

General Electric‘s (NYSE: GE) aviation business has received a $437 million contract modification to help the U.S. Air Force implement risk reduction methods for a new propulsion technology. The company said Monday GE Aviation collaborated with the service branch in efforts to mature cycle engine technologies and architectures as part of the Adaptive Versatile …

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Robert Swan Named Intel Interim CEO

Robert “Bob” Swan, chief financial officer at Intel (Nasdaq: INTC), has been appointed by the company’s board as interim CEO in a move that takes effect immediately. Intel said Thursday Swan succeeds Brian Krzanich, who resigned after five years at the helm, and will oversee its operations in partnership with the senior leadership …

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State Department OKs India’s Request for $930M in Apache Weapons, Equipment

The State Department has approved a potential $930 million foreign military sale of weapons, support equipment and services for six AH-64E Apache helicopters the Indian government intends to buy through a direct commercial sale transaction. Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), General Electric (NYSE: GE) and Longbow — a joint venture between Lockheed and Northrop …

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Cubic Adds Transport, Aviation Vet Jeffrey Blakeman to VP Role; Anshooman Aga Comments

Jeffrey Blakeman, formerly vice president of operations at Bombardier‘s transportation business in the Americas region, has been named vice president of manufacturing and procurement at Cubic (NYSE: CUB). His appointment is effective July 2 and he will succeed the retiring Dave Lapczynski, who will remain with Cubic in an executive advisory role, the …

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State Dept OKs Potential $911M AH-1Z Helicopter Sale to Bahrain

The State Department has approved Bahrain’s request to buy 12 Bell Helicopter-built AH-1Z attack helicopters and related equipment and services through a potential $911.4 foreign military sales agreement. Bell Helicopter and General Electric (NYSE: GE) will act as prime contractors in the proposed FMS deal in support of Bahrain’s efforts to deter …

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Three industry partners to help Lockheed on Navy’s MQ-25 tanker drone offering

TYSONS CORNER, VA, April 11, 2018 — Lockheed Martin (NYSE: LMT) has announced that General Electric (NYSE: GE), United Technologies Corp. (NYSE: UTX) and Triumph Aerostructures will help on its proposed offering for the U.S. Navy’s MQ-25 carrier-based aerial tanker drone program, ExecutiveBiz reported Tuesday. GE and United Technologies will respectively provide …

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David Calhoun Named Boeing Lead Director, Kenneth Duberstein Nominated for Re-election to Board

David Calhoun, a board member at Boeing (NYSE: BA) since 2009, has been elected to succeed Kenneth Duberstein as lead director of the Chicago, Illinois-based defense and aerospace contractor’s board in a move that takes effect April 30. “Dave is a tremendous asset to Boeing, bringing invaluable skills and experience …

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Northrop Vet Tom Vice Named Aerion President, COO

Tom Vice, formerly president of aerospace systems sector at Northrop Grumman (NYSE: NOC), has joined Reno, Nevada-based Aerion Supersonic as president and chief operating officer. Vice will report to Brian Barents, Aerion chairman and CEO, and oversee the development, certification and delivery of the firm’s AS2 supersonic aircraft, the company …

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