According to new data from Avascent Analytics, the United States currently ranks as the leading supplier of defense aircraft for Asia-Pacific partners and allies. The increased percentage of U.S. investments in the region comes as the nation continues to shift resources to the Asia-Pacific as it withdraws forces from Iraq and Afghanistan as well as government contractors redirecting attention to international sales amidst domestic budget uncertainty.
All eyes were on Boeing at the Dubai Air Show this week as the Company officially launched its 777X line of aircraft and subsequently receiving orders totaling nearly $100 billion. The 777X, which boasts greater fuel efficiency from its carbon-fiber wings, is the largest single commercial launch by value in the history of the aerospace industry.
This week marked the end of the first week of sea trials for the new amphibious assault ship USS America (LHA 6), which has been under development by Huntington Ingalls Industries since 2006.
As the Department of Defense (“DoD”) aims to move beyond the recent government shutdown and focus on its future budget, Defense Secretary Chuck Hagel stated this week that the Pentagon needs to make significant changes “across every aspect.”
The Navy successfully conducted the inaugural test flight of its new MQ-8C Fire Scout unmanned helicopter at Naval Base Ventura County this week. The aircraft stayed airborne for seven minutes.
Two aerospace companies received positive news this week as Boeing announced plans to increase the overall production rate of its 787 aircraft and Pratt & Whitney announced it reached a $1.1 billion agreement with the Pentagon on the sixth lot of F-35 Joint Strike Fighter jet engines.
On October 16th, Congress passed a Continuing Resolution to end the government shutdown, funding the sequester-level budget until January 15, 2014 and extending the government’s borrowing authority until February 7, 2014.
Airbus announced on October 7th that it received a $9.5 billion order from Japan Airlines for 31 of its wide-body A350 jets, allowing the European firm to significantly divert market share traditionally dominated by Boeing.