Dassault Aviation and Airbus reach agreement on future combat aircraft

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  1 février 2021 | International, Aérospatial

  US Air Force awards L3Harris Technologies up to $668 Million IDIQ contract to maintain C-130 aircraft fleet

  Melbourne, Fla. January 27, 2021 — The U.S. Air Force has awarded L3Harris Technologies (NYSE:LHX) a five-year, up to $668 million IDIQ contract to help maintain its C-130 aircraft fleet readiness. L3Harris will perform sustainment on C-130H and J-model aircraft at its 1.1 million-square-foot aircraft modification center in Waco, Texas. The center features hangars to support a full range of missionization and aircraft services, including conducting parallel avionics modernization and programmed depot-level maintenance efforts for reduced aircraft downtime. The center supports the Air National Guard and Air Force Reserve C-130H aircraft fleet under the U.S. Air Force Avionics Modernization Program Increment 2. The center also services the U.S. Air Force, U.S. Coast Guard, U.S. Navy, U.S. Marine Corps, space, commercial and international operators. “L3Harris' support will alleviate capacity constraints for the U.S. Air Force's Air Logistics complexes,” said Sean Stackley, President, Integrated Mission Systems, L3Harris. “Our extensive C-130 experience, skilled personnel and expansive hangar capacity provide a ready solution to assist the Air Force in maintaining its fleet readiness.” About L3Harris Technologies L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. www.L3Harris.com Forward-Looking Statements This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about the value or expected value of orders, contracts or programs are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. MEDIA CONTACTS Marcella Thompson Integrated Mission Systems Phone: 214-430-8872 Marcella.Thompson@L3Harris.com Jim Burke Corporate Phone: 321-727-9131 | 321-604-0067 Jim.Burke@L3Harris.com View source version on L3Harris Technologies: https://www.l3harris.com/newsroom/press-release/2021/01/us-air-force-awards-l3harris-technologies-668-million-idiq-contract

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  25 septembre 2018 | International, Aérospatial, Naval, Terrestre, C4ISR

  Interview: Lockheed Martin Aeronautics EVP Michele Evans

  In her first on-camera interview since taking on her new position, Lockheed Martin EVP for Aeronautics, Michele Evans, talks her priorities and gives an update on several programs. https://www.defensenews.com/newsletters/tv-next-episode/2018/09/24/interview-lockheed-martin-aeronautics-evp-michele-evans/

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  29 octobre 2020 | International, Aérospatial

  Raytheon laying off 20,000 amid commercial aviation slide

  Joe Gould WASHINGTON ― Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company's Pratt & Whitney and Collins Aerospace divisions, due to decreased commercial aerospace sales from COVID-19 pandemic, CEO Greg Hayes said Tuesday on the company's earnings call. The Waltham, Mass., aerospace giant is the latest company to announce losses since the pandemic has sent commercial aerospace companies reeling, costing them tens of thousands of jobs and millions in lost profits. Hayes projected the market segment wouldn't get a sharp rebound, but instead see “a long, slow recovery,” over several years. “We don't expect commercial air traffic to return to 2019 levels, until at least 2023. And that's of course depending upon the timing of a widely distributed vaccine. In the near term, we expect a gradual recovery of commercial air traffic particularly given the recent spike in global cases [of coronavirus],” Hayes said. “As you know, we set aggressive targets in the first quarter to reduce costs by about $2 billion and to take actions to conserve about $4 billion in cash, making difficult but necessary actions to reduce headcount,” Hayes said. The ongoing personnel actions will reflect a 20 percent cut at both divisions, and include both temporary furloughs and a hiring freeze. In its merger with United Technologies in April, the company already planned to cut 1,000 jobs, mostly on its corporate side, Hayes said. The company is also reducing its infrastructure, which takes up 31 million square feet, by more than 20 percent ― beyond an earlier 10 percent goal for the merger. Hayes said that even after the pandemic subsides, it would continue to employ increased remote-work arrangements as part of a multiyear strategy to slash overhead. An announced aerospace-parts facility in western North Carolina is still in the works, as Hayes said the company would need the capacity when demand returns. “I think by the time this comes online in late 2023, we should see a kind of return to normalcy in commercial aerospace, and Pratt will be well positioned with a much lower cost, much more automated production facility,” he said. According to third-quarter numbers posted by Raytheon, Pratt & Whitney posted a $615 million loss in operating profit for the quarter versus a $520 million profit for the same period in 2019. Pratt's military sales rose 11 percent, driven in part by production of the F-35 joint strike fighter. Collins managed to post an operating profit of $526 million for the quarter, but the number marked a 58 percent drop over the prior year. Raytheon's commercial aftermarket business fell 51 percent at Pratt & Whitney and 52 percent at Collins Aerospace, while the company's military side was up. Both Raytheon's intelligence and space and missiles and defense segments offset some of the losses, as the company reported sales of $14.7 billion and an operating profit of $434 million for the quarter. Raytheon executives were upbeat on the defense business's backlog of more than $70 billion, and for the quarter, the segment posted $928 million in classified bookings. Correction: An earlier version of the story misstated the timing of the job cuts. They are ongoing, and most took place prior to Tuesday's call. https://www.defensenews.com/2020/10/27/raytheon-to-lay-off-20000-amid-commercial-aviation-slide/