Along with other measures, such as 30-50% cuts to cash wages, the reduction in force should still mean the company at a minimum remains at cash breakeven.
Hungary has been approved by the U.S. government to become the second export customer for the Raytheon AMRAAM-ER surface-to-air missile, the Defense Security Cooperation Agency announced on May 8.
Lockheed Martin has achieved its pledged goal of delivering $450 million in accelerated progress payments from the Pentagon to support the supply chain during the global novel coronavirus pandemic.
Elbit Systems has introduced a long-range maritime rescue system for the Hermes 900 unmanned aircraft system ordered by an undisclosed customer in Southeast Asia, the company announced on May 7.
Boeing formally has decoupled restarting production of the 737 MAX from the recertification effort for the grounded narrowbody, and the OEM and leading supplier
After four years, the U.S. Navy has overcome an arresting hook availability shortfall impacting readiness of both the F/A-18E/F Super Hornet and EA-18G Growler.
Boeing on May 7 rolled out of its St. Louis final assembly plant the first of two test aircraft to support the F/A-18E/F Block III program, the company said.
Twenty-two members of the House Armed Services Committee have issued a bipartisan letter to the Federal Communications Commission (FCC) warning the agency that its approval of Ligado Networks’ deployment of a 5G network could harm the Pentagon’s Global Positioning System.
A former Royal Air Force chief has been selected to become the future chairman of the UK Civil Aviation Authority. Sir Stephen Hillier, who served as Air Chief Marshall of the Royal Air Force between 2016 and 2019, is set to become a nonexecutive chair of the regulator on Aug. 1, taking over from Dame Deirdre Hutton, the current chairman who has been in the role for the past 11 years.
Leonardo has declared its new M-345 light jet trainer ready for the market after securing certification from Italian military airworthiness authorities.
A second supplier signed up to restock the limited inventory of F-35 cockpit canopies has completed a series of eight qualification tests, the U.S. Air Force announced on May 1.
It is critical for the U.S. Army to receive feedback from industry at this point in the Future Long-Range Assault Aircraft effort to ensure timelines are aligned, a program service official says.
The U.S. government on May 7 tentatively approved Egypt to remanufacture 43 Boeing AH-64D attack helicopters to the E-model configuration, superceding a two-year-old Foreign Military Sales case for 10 new-build AH-64Es.
Rep. Mac Thornberry (Texas), the top Republican on the House Armed Services Committee, is concerned with the UK’s use of China’s Huawei telecommunications equipment and is stressing the need for the two allies to work together on alternatives.
A second experiment of advanced battle management and networking technologies delayed by the novel coronavirus since April will be expanded and held in late August or early September, the leader of the U.S. Air Force’s initiative said on May 7.
The U.S. Air Force will perform a three-week field trial of a prototype high-powered microwave system designed by Raytheon for extended-range defense of air bases from aerial threats.
Month-old Raytheon Technologies is slashing billions of dollars in costs and other retrenchments, including workforce cutbacks, as commercial OEM and aftermarket revenue could be halved this year in the wake of COVID-19.
An executive order issued by President Trump expressing the nation’s intent to use resources recovered from the Moon and other planetary bodies was meant to spur discussions among potential international partners on its implementation, according to a May 6 aerospace technical society podcast.
