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US Aerospace/Defense Companies & Contracts
 
NETJETS GETS FIRST FRACTIONAL CITATION LATITUDE
Tuesday, June 28, 2016

Source: Cessna

WICHITA, Kan. - Cessna has delivered the first fractional Cessna Citation Latitude midsize business jet to NetJets, Inc., a Berkshire Hathaway company. To celebrate this milestone delivery, NetJets and Textron Aviation held a special ceremony on June 27 at Textron Aviation headquarters in Wichita.

During the ceremony, NetJets announced that due to owners’ great response to the Latitude, the company has added 50 more options to its initial order placed in 2012, bringing its total order and options up to 200 aircraft.

NetJets has been operating two demonstrator aircraft throughout the United States and Europe to showcase the Citation Latitude to NetJets owners ahead of the aircraft entering its fleet. NetJets’ first Latitude is expected to enter into service in July and will be part of the fractional provider’s North American fleet that includes four other Cessna models: Citation Encore/Encore+, Citation Excel/XLS, Citation Sovereign and Citation X aircraft. With a maximum range of 2,850 nautical miles, the Citation Latitude can fly non-stop from key U.S. cities such as Los Angeles to New York and Chicago to San Francisco.

Cessna began deliveries of the Citation Latitude last August and has delivered 23 to customers around the world through the first quarter of 2016.

Source:  Cessna Aircraft Co.
Source Date: June 28, 2016
Posted: 06/28/2016

 
 
AEROJET ROCKETDYNE REALIGNS SPACE AND DEFENSE ORGANIZATIONS - ESTABLISHES DEFENSE HEADQUARTERS IN HU
Monday, June 27, 2016

Source: Aerojet Rocketdyne

SACRAMENTO, Calif. - Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. has announced a significant reorganization, consolidating the company’s six business units into two - Space and Defense. The senior vice presidents of Space and Defense will be named at a later date and will report directly to CEO and President Eileen Drake. In the interim, the Space organization will report to Drake, and the Defense organization will report to COO Mark Tucker.

Since Aerojet Rocketdyne Holdings, Inc.’s acquisition of the Pratt & Whitney Rocketdyne business in June 2013, the company has realized cost savings related to the integration totaling nearly $100 million. The recent long-term debt refinancing will save an additional $20 million of annual interest expense, and today’s consolidation will result in annual cost savings of another approximately $8 million. In addition, the Company’s Competitive Improvement Program, launched in March 2015, is on target to save an estimated $145 million annually, beginning in fiscal year 2019.

As a part of this reorganization, the Aerojet Rocketdyne Holdings, Inc. Board of Directors appointed Warren Lichtenstein as executive chairman of the company, formalizing his role and recognizing his ongoing contributions since being appointed Chairman of the Board in 2013. Lichtenstein has been instrumental in guiding strategic direction, capital allocation, financing, and merger & acquisition activity, including the acquisition of Pratt & Whitney Rocketdyne in 2013.

"Today’s reorganization is another crucial step in our strategic journey to enhance the efficiency of Aerojet Rocketdyne and improve the company’s competitive posture," said Aerojet Rocketdyne’s Drake. "This move within our aerospace and defense reporting segment better aligns our business units with our operating capabilities and customers, increases accountability at the management level, and further streamlines our business operations by reducing spans and layers in the organization, while achieving significant cost savings for our customers and the country."

According to Drake, a key aspect of the alignment is placing Aerojet Rocketdyne’s newly formed Defense Business Unit headquarters in Huntsville, Alabama, along with the company’s Defense Advanced Programs, known as the Rocket Shop?. These moves are designed to build upon Aerojet Rocketdyne’s existing presence near major customers in Huntsville such as the Missile Defense Agency, U.S. Army, NASA, Boeing, Lockheed Martin, and Raytheon.

The newly formed Space Business Unit will continue to be supported by different Aerojet Rocketdyne sites throughout the country, based upon program needs and core competencies.

Source:  Aerojet Rocketdyne
Associated URL: rocket.com
Source Date: June 27, 2016
Posted: 06/28/2016

 
 
SIKORSKY ACCEPTS PROTOTYPE TURKISH UTILITY HELICOPTER FROM PZL MIELEC
Thursday, June 23, 2016

Source: Lockheed Martin

MIELEC, Poland - Just two weeks after the Turkish Government announced the start of the Turkish Utility Helicopter Program (TUHP) to build a fleet of multi-role T70 utility helicopters based on the S-70i Black Hawk aircraft, Sikorsky, a Lockheed Martin Company, has accepted the program’s prototype aircraft produced by its Polish subsidiary PZL Mielec.

"On-time delivery and the exceptional quality of this S-70i helicopter is a great start to the Turkish Utility Helicopter Program," said Jason Lambert, Sikorsky TUHP Program Director. "The success of this important milestone was achieved through the dedication of the PZL Mielec workforce and Sikorsky engineering team, which also incorporated BLACK HAWK mission equipment options into the prototype helicopter for international delivery from Poland."

Sikorsky accepted the TUHP prototype aircraft from PZL Mielec during a June 22 ceremony attended by senior leaders from the Turkish Undersecretariat for Defence Industries (SSM), Turkish Aerospace Industries (TAI), Aselsan and Alp Aviation.

The TUHP prototype is the 37th S-70i Black Hawk helicopter built in Poland. Among the modifications that PZL Mielec added to the aircraft were a rescue hoist, internal auxiliary fuel tank, cargo hook, Integrated Vehicle Health Management System, a blade de-icing system, and a rotor brake.

In early 2017, Sikorsky will fly the prototype aircraft to Ankara where it will become the engineering development test bed for a new avionics suite being co-developed by Sikorsky and Turkish defense electronics company Aselsan. The two companies will use the aircraft to integrate, flight test and qualify the avionics suite, which is designed to the preferences of the T70 user community.

Contractual agreements approved by the U.S. and Turkish governments license TAI to build and deliver a total of 300 T70 helicopters (109 baseline + 191 options) to six Turkish agencies: the Land Forces, Air Force, Gendarme, Special Forces, National Police, and the Directorate General of Forestry. The first Turkish-built T70 aircraft will be certified and qualified for delivery to the Turkish Government in 2021.

Over the next two years, PZL will manufacture the first five cabin structures that TAI will assemble onto the first five T70 aircraft. PZL personnel also will provide technical and manufacturing assistance and training to TAI both in Turkey and Poland.

The PZL facility is the largest manufacturing facility outside the United States owned by Lockheed Martin, and is a strategic asset in support of Lockheed Martin’s international growth objectives.

Source:  Lockheed Martin
Associated URL: lockheedmartin.com
Source Date: June 23, 2016
Posted: 06/28/2016

 

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