AINalerts » April 28, 2011
With defense spending remaining a target of increased budget scrutiny, General Dynamics chairman and CEO Jay Johnson said yesterday that he sees the company’s Gulfstream Aerospace division as its main “growth engine.” During the first-quarter investor conference call yesterday morning, Johnson said the firm’s aerospace division, which includes Gulfstream and Jet Aviation, had a “strong quarter” with $1.353 billion in revenues, just $4 million
After getting peppered with questions from investor analysts yesterday about how the April 2 crash of a flight-test G650 would affect the aircraft program, Jay Johnson, chairman and CEO of Gulfstream parent General Dynamics, finally relented.
In its newly released annual safety management system (SMS) audit results report, Argus says its Prism subsidiary has generally found a lack of SMS training at several business aviation flight departments. This latest report is based on 65 audits Argus performed last year, from which the Prism team reviews and compiles the results.
Russian Helicopters and engine manufacturer Turbomeca announced this week that they have signed “contracts” for the supply of “at least” 308 Ardiden 3G turboshafts to be installed on the “updated” Kamov Ka-62 medium-twin helicopter. This announcement follows the “protocol of intentions” signed in February last year and some back-and-forth considerations since for other engine suppliers.