John Luddy, Aerospace Industry Association vice president for national security policy, points out that AIA "supports the use of performance-based payments" but that the latest proposal from the Pentagon is not the right answer. "If this rule goes into effect, the impacts will be significant and detrimental for the companies in our industry, including the small and medium businesses in our supply chain, who are the lifeblood of the military industrial base and are more vulnerable to unpredictable cash flows," he said.
Michele Evans, Lockheed Martin's new executive vice president for aeronautics, says the company is working hard on advancing multidomain command and control technologies and reducing the cost of the F-35. "We are on track to meet that $80 million-per-jet cost," she said.
The Federal Aviation Administration reauthorization bill, which is receiving bipartisan support, includes provisions to advance supersonic passenger flight in the US. NASA and Lockheed Martin are working together to develop low-noise sonic boom technology.
Airbus Helicopters is predicting a market with as much as a $10.6 billion in revenue to support the wind farm industry, which may buy as many as 1,000 helicopters over the next two decades. "Helicopters are an integral part of any logistics concept for offshore wind farms," Airbus' Dennis Bernitz said.
Boeing, Northrop Grumman, Lockheed Martin and General Dynamics all have women in executive leadership positions, with Lockheed Martin CEO Marillyn Hewson taking the top position on Fortune's Most Powerful Women list. These four companies had combined revenue of $110 billion in 2017.
Private space industry partnerships will help bring the US back to the moon and maintain a space presence, NASA Administrator Jim Bridenstine said at an industry forum. "There is only one country on the planet that is going to build an architecture for sustainability so we can go back and forth to the moon," he said.
Leaders in Congress have reached a compromise on a bill to fund the Federal Aviation Administration for the next five years. The bill funds the Airport Improvement Program at the same level and creates a new program to fund improvements at rural airports.
The director of strategic research will lead AIA's efforts to continue a more than 90-year legacy of developing and disseminating comprehensive aerospace industry research, both quantitative and qualitative in nature. Read more here and apply.
Register now: IFBEC 2018 Annual Conference
The International Forum on Business Ethical Conduct 2018 Annual Conference is scheduled for Nov. 15 at the Hotel Pullman Paris - Tour Eiffel in Paris. The keynote speaker will be Organization of Economic Co-Operation and Development Secretary-General Angel Gurria. Find more information and registration here.
Tests are a gift. And great tests are a great gift. To fail the test is a misfortune. But to refuse the test is to refuse the gift, and something worse, more irrevocable, than misfortune.