AIN Defense Perspective » January 6, 2012

January 6, 2012 - 10:00am
F-15SG

Saudi Arabia signed a $29.5 billion letter of offer and acceptance (LOA) for 84 new and 70 upgraded F-15 Strike Eagles last week. The deal, which took 18 months to conclude, is by far the biggest foreign military sale in U.S. history.

Citing “industry experts,” the State Department claimed that the agreement would support more than 50,000 jobs at 600 suppliers in 44 states. U.S. government officials said it would help ensure secure and stability in the Gulf region.

January 6, 2012 - 9:55am
Super Tucano

Brazil’s Embraer and its U.S. partner, Sierra Nevada Corp., confirmed that the A-29 Super Tucano won the U.S. Air Force Light Air Support (LAS) competition. Hawker Beechcraft continued to protest the decision, by appealing to the Court of Federal Claims, and the Air Force issued a stop work order this week, just days after Sierra Nevada was awarded a $355 million contract for an initial 20 aircraft, as well as training equipment and support.

January 6, 2012 - 9:50am
F-35

The Lockheed Martin F-35 Joint Strike Fighter program faces fresh challenges as the new year begins. First, a long-awaited “should cost” review from the U.S. Defense Acquisition Board might clarify whether Lockheed Martin’s continued optimism on the average procurement unit costs (APUC) is justified. In addition, big cuts to the U.S. defense budget seem unlikely to spare the F-35, which is the Pentagon’s highest profile acquisition, and might undermine the basis for the APUC calculations.

January 6, 2012 - 9:45am
Marion Blakey

U.S. military aircraft sales rose by 6.7 percent, to $66.5 billion, in 2011, the 10th and probably final year of growth before steep government spending reductions. Sales of military aircraft are expected to decline by $1.4 billion in 2012, according to the Aerospace Industries Association (AIA).

January 6, 2012 - 9:40am
C-40A

Citing defense spending cuts and declining prospects for new business, Boeing said on January 4 that it will close its military modifications and maintenance operations in Wichita by the end of 2013, dealing another blow to a city reeling from the downturn in business aircraft manufacturing.

 

AIN Defense Perspective

AIN Defense Perspective is AIN’s e-newsletter focused on the aero defense industry. It is distributed once a week and is FREE to all subscribers. Simply fill out the subscription form, which is accessed by clicking on the button below. You can also use this button to update your current account information.

Subscribe to AIN Defense Perspective

X