An analysis by Reuters finds that Boeing could have saved an estimated $44.5 billion last year under current tax reform proposals. The Aerospace Industries Association, Boeing and many smaller suppliers have come out in support of reforming the US tax code.
Lockheed Martin's F-35 likely will come down in price to $85 million or less by 2019, according to CEO Marillyn Hewson. With international partners on pace to buy half of all F-35s in the future, the jet should boost Lockheed's international sales by 30% in coming years.
The aerospace and defense industries "have reason to be optimistic that growth, sluggish in recent years, will pick up steam" under a Republican-controlled Congress and Trump White House, says Tom Hennessey of the iBASEt. "The challenge for the A&D industry is two-fold: prepare to secure a piece of increased funding and projects, and get ready to execute those contracts expeditiously under heightened scrutiny on costs, quality and compliance," he writes.
JetBlue could be considering the purchase of Airbus A321 passenger jets capable of trans-Atlantic flights. The airline has hinted that it might enter the European market, though nothing has been announced.
The Air Force will soon release an official request for information regarding commercial satellite communications capabilities as it studies how to meet future communications needs. "The purpose of the RFI really is to make sure we capture, particularly from a technology standpoint, those potential enabling technologies that should be considered in whatever vein for the wideband enterprise," said Air Force Col. George Nagy.
Heather Wilson, President Donald Trump's nominee for Air Force secretary, may get a Senate hearing as soon as next week, according to Armed Services Committee Chairman Sen. John McCain, R-Ariz. Wilson, who was nominated for the post in January, formerly represented New Mexico in the House.
Sen. Heidi Heitkamp, D-N.D., is calling for a quorum at the US Export-Import Bank, which would enable the bank to once again finance deals over $10 million. She cited the $30 billion in deals that have been put on hold due to the bank's lack of a quorum and the potential for the US to lose some 174,000 jobs if this is not remedied soon.
Boeing and the Army have finalized a $3.4 billion contract for the delivery of 244 remanufactured AH-64E Apache attack helicopters. This is the first multiyear contract for the Apache, and it includes two dozen new-build Apache Echo helicopters for Saudi Arabia.
- Page 1