Karl Hutter, president and CEO of Click Bond, points out that $30 billion in US export deals "are languishing until additional directors are appointed" to the US Export-Import Bank. Hutter cites Aerospace Industries Association figures showing $146 billion in US exports attributed to aerospace and defense in 2016.
The US government is saving $330 million through a new multiyear purchase contract with Boeing for 268 AH-64E Apache helicopters. The Army has signed a five-year, $3.4 billion acquisition agreement with Boeing, the first multiyear agreement for the E model.
Poland could buy F-35 fighter aircraft or the latest F-16s to modernize its air defense fleet. Poland is abandoning an earlier plan to purchase used F-16s, citing the cost of updating them.
Lockheed Martin's Skunk Works advanced research and development program is at work on an MQ-25A tanker drone that could extend the range of carrier-based fighter aircraft, answering new threats from China. The tanker drone promises to provide extended reach for both the F-18 and F-35.
An Amazon drone made its first successful package delivery in the US by carrying sunscreen to attendees at an Amazon-hosted convention in Palm Springs, Calif. The company is still awaiting Federal Aviation Administration approval to expand its program.
The Flying Lions Rocketry Team from McKinney High School in Texas have qualified for the NASA Student Launch competition after coming in among the Top 25 in the Team America Rocketry Challenge. The students' proposal for the NASA competition was 100 pages long.
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.
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