Boeing enhanced its footprint in Africa this week, as the company announced it received an Ethiopian Airlines order worth $2.1 billion. The deal, which is for 20 737 Max 8 aircraft and includes an option to buy an additional 15 737 Max 8s, is the largest order the aircraft manufacturer has received from an African based airline to date.
On recent earnings calls over the past few weeks, several Government Technology Solutions companies, including Booz Allen Hamilton (“Booz”), ManTech International (“ManTech”), and Science Applications International Corporation (“SAIC”) discussed the current contracting environment and more specifically a trend towards shorter-duration contract awards.
Airbus Group has announced that after a detailed and comprehensive portfolio assessment, it will divest some of its subsidiaries and business units within its defense and space division. These divestitures will include Fairchild Controls, Rostock System-Technik, AvDef, ESG, and Atlas Elektronik.
Earlier this week, Ryanair entered into an agreement with Boeing to purchase as many as 200 jets from the company’s 737 Max family. The Irish-based discount carrier announced an order for 100 of the Max 200 models, with an option to acquire up to 100 more.
General Dynamics secured a contract to deliver 589 of the company’s Scout Specialist Vehicles to the British Army beginning in 2017. The $5.76 billion contract is the Ministry of Defense’s largest order for armored vehicles in roughly 30 years, illustrating the government’s commitment to modernize its military capabilities.
On August 25th, Boeing Co. won an $8.8 billion order from BOC Aviation Pte (“BOC”), the Singapore-based aircraft leasing arm of Bank of China Ltd. The order, consisting of 82 planes including 50 upgraded 737 Max 8s, 30 737-800s, and two wide-body 777-300ERs, is indicative of the company’s efforts to meet surging travel demand throughout Asia.
On August 20th, the U.S. Navy selected five companies to develop and install a new shipboard tactical electronic network on its fleet over the next eight years. The indefinite-delivery / indefinite-quantity contract was valued at $2.53 billion to install the shipboard network known as Consolidated Afloat Networks and Enterprise Services (“CANES”) aboard 180 units by 2022.
The U.S. Army recently selected Textron’s Bell division in partnership with Lockheed Martin and the team of Boeing and Sikorsky in a Joint Multi-Role program to each build a helicopter that could effectively replace hundreds of Black Hawk and Apache models.