General Dynamics’ subsidiary, Gulfstream Aerospace Corporation, announced two new Gulfstream business jets, the G500 and the G600 aircraft. The updated aircraft are more efficient and can travel farther distances than their predecessors at faster speeds.
This past Tuesday, Boeing released its biennial World Air Cargo Forecast at the International Air Cargo Forum and Exhibition in Seoul, South Korea. The forecast projects an annual growth rate of 4.7% over the next decade, with global airfreight traffic more than doubling by 2013.
Bombardier Inc. announced a firm order for 40 of its new CSeries passenger jets. The Ireland based company, Macquarie AirFinance Ltd., subsidiary of the Australian Company, Macquarie Group, Ltd., is the third lessor to order the 135-seat CS300 model and has options to purchase another 10 aircraft.
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.