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News Breaks
July 17, 2014
06:41 EDTBA, LMTDefense Department to seek rival bids for satellite launches, WSJ reports
The U.S. Defense Department is accelerating plans to seek rival bids for two satellites, reports the Wall Street Journal. The open contest could end a near-monopoly from Boeing (BA) and Lockheed Martin (LMT) as Elon Musk's SpaceX could join the fray. Musk's SpaceX is expected to secure regulatory approval this year or in early 2015 to launch smaller Pentagon payloads. Reference Link
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September 16, 2014
16:30 EDTBANASA awards Boeing $4.2B contract for commercial space flight to ISS
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16:15 EDTBANASA picks Boeing, SpaceX to transport U.S. astronauts to ISS
NASA has partnered with Boeing and SpaceX to transport U.S. astronauts to the International Space Station, or ISS. NASA says that the partnership, "promises to give more people the opportunity to experience the exhilaration of spaceflight." Comments come from NASA's Twitter page. Reference Link
11:57 EDTBA, LMTPentagon to most likely approve Musk's Falcon rockets, WSJ says
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09:04 EDTLMTLockheed Martin's meteorological satellite accepted for operations by USSTRATCOM
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07:15 EDTLMTPratt expects upcoming F-35 agreements to reduce espenses, Reuters says
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06:44 EDTBABoeing may beat out SpaceX for NASA contract to ferry astronauts, WSJ says
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06:34 EDTLMT, BABoeing, Lockheed ally with Amazon CEO on rocket engine, Reuters says
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06:29 EDTLMTPratt & Whitney close to engine supply deal with Pentagon, WSJ reports
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September 15, 2014
17:40 EDTBABoeing awarded $130M government contract modification
Boeing Company, Mesa, Arizona, was awarded a $130M modification to fixed-price incentive, full rate production contract W58RGZ-12-C-0055; the cumulative total of the contract, before this modification, was $1.16B. This is an undefinitized contract action to build seven new Apache AH-64E helicopters. FY13 and FY14 other funds in the amount of $19.2M were obligated at the time of the award. Work will be performed in Mesa, Arizona, with an estimated completion date of March 31, 2017.
17:28 EDTBABoeing awarded $293.2M government contract modification
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10:34 EDTLMTLockheed exec says company created Israel division, WSJ says
Lockheed Martin's vice president of research and technology, Haden Land. said that the company created a technology-focused Israeli division in an effort to be granted new defense projects in the country, according to The Wall Street Journal, citing comments from Land. Reference Link
10:29 EDTLMTLockheed, Advanced Electronics establish Saudi Arabia facility
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07:42 EDTBAMorgan Stanley to hold a conference
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07:22 EDTLMT, BAAir Force Association to hold a conference
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September 12, 2014
17:44 EDTLMTBAE Systems, others collectively awarded $5.04B government contract
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September 11, 2014
17:26 EDTLMTLockheed Martin awarded $147.49M government contract
Lockheed Martin is being awarded a not-to-exceed $147.49M firm-fixed-price, cost-plus-fixed fee, and cost-type-letter contract for low rate initial production and fielding of Surface Electronic Warfare Improvement Program, or SEWIP, Block 2 systems. SEWIP is an evolutionary acquisition and incremental development program which upgrades existing out-of-production AN/SLQ-32V electronic warfare systems by providing improved electronic support receivers and combat system interface. This contract includes options, which, if exercised, would bring the cumulative value to $158.79M. Work is expected to be completed by September 2017.
09:01 EDTBAAlcoa signs multiyear supply contract with Boeing valued at over $1B
Alcoa (AA) has signed a long-term contract to supply aluminum sheet and plate products to Boeing (BA). The multiyear contract, valued at more than $1B, is the largest ever between the two companies. Notably, the agreement makes Alcoa sole supplier to Boeing for wing skins on all of its metallic structure airplanes. Alcoa plate products, used in applications such as wing ribs, wing skins or other structural parts of the aircraft, will also be on every Boeing platform, including the 787 Dreamliner. Finally, the agreement establishes a foundation for continued collaboration on new, high-strength and corrosion-resistant alloys, including aluminum-lithium that could be used for complex structural applications.
September 10, 2014
09:14 EDTBABoeing receives first order for 502 Phoenix small satellite
Boeing received its first commercial order for the 502 Phoenix small satellite from HySpecIQ of Washington, D.C. The satellites will carry the commercial remote sensing industry’s first hyperspectral payload, capable of providing spectral imaging fidelity. Boeing will deliver a complete satellite system initially consisting of two satellites, available for launch in 2018, command and control operations, image processing, and data storage of collected imagery. The contract includes options for long-term operations and maintenance.
September 9, 2014
09:37 EDTBABoeing announces agreement with GA Telesis
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06:17 EDTBABoeing up against pressure to boost 737 production rate, Reuters says
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