Aerospace Industries Association President and CEO David Melcher calls on policymakers to reform the US tax code in ways that will support manufacturing and economic growth. "By failing to modernize our tax code since the 1980s, and by allowing the income of our domestic companies to be taxed whether earned domestically or abroad, we have allowed prevailing tax rates outside the United States to be a more important factor in business investment and location than whether the investment can create an American manufacturing job," he writes.
Lockheed Martin says it can protect the low observable "stealth" coating on Air Force F-22s by doing some maintenance work now. The company proposes applying Mighty Tough Boot to gaps in the aircraft ahead of planned coating maintenance in 2019.
The signing of a $110 billion arms deal between the US and Saudi Arabia sent stock in Lockheed Martin, Raytheon and Northrop Grumman to new highs. Shares in the companies have beaten the S&P 500 since President Donald Trump was elected.
Israel Aerospace Industries has tapped India's Bharat Electronics Ltd. to produce most of the naval radar system and weapons control system for a new missile system under a contract worth $630 million.
The development of 3D printed parts has spurred aviation engine innovation, with GE and Textron leading the way. Both companies have created high-performance turboprop engines using 3D-printed parts.
JD.com, the largest online retailer in China, is developing a drone capable of carrying 2,000 pounds over long distances. "We envision a network that will be able to efficiently transport goods between cities, and even between provinces, in the future," said JD's Wang Zhenhui.
The Air Force anticipates a viable replacement for the Delta 4 Heavy rocket to be available by 2023. SpaceX's Falcon Heavy and Blue Origin's New Glenn are in the running to compete with United Launch Alliance's Delta 4.
House Armed Services Committee Chairman Mac Thornberry is pushing for $640 billion in defense spending for the 2018 budget cycle. He panned the Trump administration for pursuing "basically the Obama approach" to defense with a $603 billion proposal.
Boeing has reported a joint venture with Saudi Arabia to provide military sustainment services. The announcement coincides with a visit by President Donald Trump to Saudi Arabia and the confirmation of several deals between the country and Boeing, including one for the purchase of Chinook cargo helicopters.
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