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 by James Laporta Washington (UPI) Feb 16, 2018
Lockheed Martin has been awarded a contract for procurement of initial air vehicle spares for F-35 air vehicle deliveries in support of the government of Israel. The deal, announced Friday by the Department of Defense, is valued at $13.9 million, the Pentagon said in a press release. The agreement between the Navy and Lockheed Martin taps the company to provide initial air vehicle spares to include endurance spares packages for Israel. Work on the contract will occur in multiple locations within the United States and foreign countries and is expected to be completed in December 2021. The total amount of the contract will be obligated to Lockheed Martin at time of award, which will not expire at the end of the current fiscal year, according to the Pentagon.
Boeing, Embraer near deal on commercial air business: source New York (AFP) Feb 6, 2018 US aerospace giant Boeing and Brazil's Embraer are close to an agreement to combine their commercial air operations into a new company, a person familiar with the talks told AFP Tuesday. The deal is designed to address the main roadblock to a merger between the two aerospace companies: Brazilian government opposition. Boeing would hold 80 to 90 percent of the new company, which would be based in Chicago, while Embraer's military operations would not be affected by the transaction and would remai ... read more
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