Gulfstream Aerospace parent General Dynamics yesterday reported a 25-percent increase in profits during the second quarter, thanks in large part to climbing sales of Gulfstream business jets. The company posted a second-quarter profit of $641 million, up from $513 million in the same period a year ago, on sales of $7.3 billion.
Dubai Aerospace Enterprise (DAE) Capital plans to acquire ten Boeing 747-8Fs and eight 777Fs from Emirates Airline in a split purchase and leaseback agreement that will increase its lease portfolio to 49 aircraft. DAE Capital has 200 Airbus and Boeing aircraft on order for delivery during 2010-13
“Contractorization” may be an ugly word, but for Lockheed Martin and Britain’s VT Group, it is pretty good business. Their joint venture, called Ascent, last month won a £635 million ($1.25 billion) contract to provide the military flying training system (MFTS) for UK armed forces over the next 25 years. During that time, a further £6 billion ($11.8 billion) could be spent on training aircraft, simulators, equipment and services.
Rolls-Royce and British Airways are embarking on a study to identify practical alternatives to jet fuel that would make real reductions to aircraft carbon footprints. The companies will initiate a joint tender process, inviting suppliers to offer alternative fuel samples for testing on a Rolls-Royce RB211 from a British Airways Boeing 747.
Alenia Aermacchi’s first pre-production M-346 lead-in fighter trainer made its official maiden flight on July 7 with Aermacchi chief test pilot Olinto Cecconello at the controls. The jet, painted in “Finmeccanica red” in a nod to Alenia Aermacchi’s parent company, had made three previous flights, all occurring the week before the first official public flight pictured here.
Boeing still believes that the KC-767 is the right-size airplane to meet the KC-X tanker requirement, despite the U.S. Air Force’s selection of the larger Airbus A330MRTT, now voided. “I’m not convinced that they want a bigger airplane,” Chris Chadwick, president of Boeing Military Aircraft told AIN as the show opened.
Bombardier announced here yesterday the long-anticipated launch of its C-Series family of single-aisle airliners. The company also revealed that final assembly will occur in Mirabel, Quebec, laying to rest any speculation that production would move south of the U.S.-Canada border, specifically to Kansas City. Bombardier president and CEO Pierre Beaudoin called it “an historic day for Bombardier.”
As Anatoly Belov contemplates his new joint role as RSK MiG’s new general designer and general director, he faces a situation in which the famous Russian fighter house has both opportunities and challenges to keep its domestic and export customers happy. The company expects to build around 300 to 350 new aircraft over the next decade.
With the attachment of its wings and the hanging of the engines last month, Boeing’s first P-8A Poseidon reconnaissance aircraft is right on schedule and could soon be earning its first international order, according to the manufacturer.
Raytheon is launching here at Farnborough the latest member of its growing family of AESA (active electronically scanned antenna) radars. Known as the Raytheon advanced combat radar (RACR, “racer”), the new sensor is aimed at both the retrofit market, for aircraft such as the F-16, F/A-18 and others, or for installation in new-build fighters.