Raytheon expects the job cuts will reduce subsidiary Pratt & Whitney's selling, general and administrative expenses by 20% and cut those expenses at subsidiary Collins Aerospace by 12%. This reduction is the beginning of larger reductions. The company expects to reduce its amount of office space globally about 20-25% over the next four to five years. Raytheon's commercial aerospace business is attempting to cut about $2 billion in costs this year and save $4 billion through cash-conservation strategies including but not limited to getting rid of inventory.

Source:  https://www.americanmachinist.com/news/article/21142159/job-cut-total-raised-to-15000-raytheon

Based on the popular Next-Generation 737, the 737-800BCF is primarily used to carry express cargo on domestic or short-haul routes. The airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,000 nautical miles (3,750 kilometers).

The 737-800BCF now has 134 orders and commitments.

"The freighter conversion program is an excellent way to double the life of an airplane and provide operators with an economical way to replace less efficient freighters," said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for Boeing. "By working with our partners to add freighter conversion capacity, we look forward to meeting the strong demand in this market segment and helping our customers scale their operations."

The new 737-800BCF line at Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) is scheduled to open in early 2021, marking the MRO’s second conversion line for the market-leading 737-800BCF. To date, Boeing has delivered 36 737-800BCF to more than 10 operators across four continents.

Boeing will also add a second conversion line for its widebody converted freighter, the 767-300BCF, at ST Engineering’s facility in Singapore. The second line is scheduled to open later this year. The 767-300BCF has virtually the same cargo capability as the 767-300F production freighter with up to 56.5 tonnes (124,600 pounds) of payload and flying up to 3,350 nautical miles (6,190 kilometers).

Source:  Boeing

This contract combines purchases for the Navy (82%); and the governments of Taiwan (11%); Egypt (3%); Japan (3%); and Spain (1%) under the Foreign Military Sales (FMS) program. Work will be performed in Jacksonville, Florida, and is expected to be completed by September, 2025. If all options are exercised, work will continue through September 2027.

Fiscal 2020 shipbuilding and conversion (Navy) (49%); FMS (27%); and fiscal 2020 other procurement (Navy) (24%) funding in the amount of $6,195,000 will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively awarded in accordance with 10 U.S. Code 2304(c)(1), as implemented by Federal Acquisition Regulations 6.302-1; only one responsible source and no other supplies or services will satisfy agency requirements.

The U.S. Navy's Naval Surface Warfare Center, Crane Division, Crane, Indiana, is the contracting activity. The contract award number is N00164-20-D-GP57.

Source:  U.S. DoD
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Author: U.S. DoD