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  1 octobre 2020 | International, Aérospatial

  Lockheed, Pentagon agree on $70.6M settlement over F-35 parts problems

  Ed Adamczyk Sept. 30 (UPI) -- Lockheed Martin will invest nearly $71 million to correct an ongoing problem with spare parts for the F-35 fighter plane, an agreement the Pentagon states. The agreement, announced on Tuesday, will be formalized within two weeks, a Defense Contract Management Agency spokesman said. The deal refers to over 15,000 F-35 spare parts delivered to the U.S. military without "electric equipment logs," which permit the parts to the identified and absorbed into logistics systems. Incorrect or unavailable information delays the uploading of data, and the dispute centered on at least $183 million in Defense Department expenses owing to the problem. The parts in question were rejected for installation only because of the lack of tracking data -- no flaws in safety or manufacturing were inferred, officials said. The action was initiated after the Pentagon's inspector general discovered the problem in a 2019 audit, and recommended that the Defense Department should seek $303 million in refunds. Instead of a direct payment from Lockheed, the defense contractor will "compensate the government with Lockheed Martin investments" to ensure that future spare parts are delivered with accurate EELs, company spokesman Brett Ashworth said. RELATED Lockheed, Boeing and Saab bid on Canada's fighter jet contract The House Oversight and Reform Committee was critical of Lockheed during a July hearing, but on Wednesday, committee members Rep. Carolyn Mahoney, D-N.Y., and Rep. Stephen Lynch, D-Mass., applauded the resolution of the dispute. "We applaud the Department of Defense for its efforts to hold Lockheed Martin accountable for failing to meet its F-35contract requirements," Mahoney and Lynch said in a joint statement. "While we believe Lockheed should have reimbursed American taxpayers for a greater share of the funds DOD spent to address the inefficiencies uncovered by our committee's investigation, this is a step in the right direction. We look forward to seeing the final signed agreement that codifies Lockheed Martin's commitment to improving the F-35 program," they said in the joint statement. https://www.upi.com/Defense-News/2020/09/30/Lockheed-Pentagon-agree-on-706M-settlement-over-F-35-parts-problems/5021601494979/

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  2 août 2021 | International, Aérospatial

  Britain’s ‘next generation’ Tempest fighter jet secures huge funding boost

  PLANS for a new British fighter jet received a major boost, with another £250million secured for the project.

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  29 octobre 2018 | International, Aérospatial

  Demand for New and Refurbished Aircraft and Need for Lightweighting Materials Fuel Aerospace Adhesives and Coatings Sector Growth

  LONDON, Oct. 29, 2018 /CNW/ -- Current and evolving growth prospects in the global aerospace adhesives and coatings market look promising over the next six years. Frost & Sullivan's analysis forecasts the market to reach $1.90 billion by the end of 2024, driven by an increasing need for lighter materials, investment in technically advanced products, evolving regulations, and high-volume demand for new and refurbished aircraft. "While manufacturers are increasingly investing in product development to enhance environmental sustainability and product efficiency, customers are seeking out products that are easy to apply, highly durable, quick drying, lighter in weight, environmentally sustainable, and regulatory compliant," said Christeena Thomas, Senior Research Analyst,Chemicals and Materials, EIA at Frost & Sullivan. For further information on this analysis, please visit http://frost.ly/2vs Merger and acquisition activities are expected to continue, with global companies acquiring small manufacturers to access their products, technical competences, distribution channels, and customer bases. To gain a competitive advantage, Thomas recommends manufacturers invest in developing adhesive formulations that are superior in properties such as durability and UV resistance and compatible with multiple substrates while exhibiting reduced overall weight after application. Key trends creating growth opportunities in the market include: A boost in unmanned aerial vehicle demand in commercial, defence, and general aviation segments due to decreased technology costs High demand for adhesives and coatings in the defence and aerospace segments in the Asia-Pacific and Rest of World countries with increased investments in domestic manufacturing and operations Customer demands for newer, high-performance adhesives and coatings Growth in defense spending in the aerospace sector due to changing global economic conditions Growing demand for adhesive and coatings formulations that are compatible with robotic applications Replacement of traditionally used heavy fasteners with lighter-weight adhesives "Programs such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) in the European Union, US Environmental Protection Agency (EPA), and Federal Aviation Administration (FAA) are expected to increase the research and development and transaction costs that businesses incur when developing and distributing new types of chemical compounds," noted Thomas. "In addition, extensive testing, verification, and approval cycles delay product launches, resulting in significant time and costs for material suppliers." Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 market intelligence identifies disruptive market and technology trends, drivers and restraints, market share and competitive analysis. Percent unit shipment forecast by technology, application, chemistry, and end-industry for Europe, North America, Asia-Pacific and Rest of World are also provided. Growth Opportunities in the Global Aerospace Adhesives and Coatings Market, Forecast to 2024 is the latest addition to Frost & Sullivan's Visionary Science research and analysis available through the Frost & Sullivan Leadership Council, which helps organisations identify a continuous flow of growth opportunities to succeed in an unpredictable future. About Frost & Sullivan For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. https://www.newswire.ca/news-releases/demand-for-new-and-refurbished-aircraft-and-need-for-lightweighting-materials-fuel-aerospace-adhesives-and-coatings-sector-growth-698876461.html