Tag Archives: Production

Launch Vehicle Developer Firefly Aerospace Looks to Raise $350M in Funding Round; Tom Markusic Quoted

Tom Markusic CEO Firefly Aerospace

Firefly Aerospace plans to raise $350 million in funds to ramp up production, advance long-term growth initiatives and further develop a larger launch vehicle, SpaceNews reported Wednesday. Tom Markusic, CEO of Firefly Aerospace, said the company would use $125 million of the funds to support “product enhancements” such as tooling and facilities to scale up the production of its launch vehicles.

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Report: Talks Continue on Potential Boeing, Lockheed Fighter Aircraft Production Facilities in India

The U.S. and Indian governments look to close a deal that will potentially bring the production of fighter aircraft from Lockheed Martin and Boeing to India, the Washington Post reported Monday. Annie Gowen writes Lockheed has proposed to move its Texas-based F-16 assembly line to India, which will make the country the sole producer …

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Raytheon Completes Indianapolis Hub Renovation

Raytheon held a ribbon-cutting ceremony Thursday to mark the completion of a multimillion dollar renovation project at the company’s systems modernization and sustainment facility in Indianapolis, 13 WTHR reported Thursday. Bruce Kopp writes the building underwent a facelift and internal updates during the renovation process that commenced in early 2015. Raytheon develops soldier-worn computers …

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Lockheed Eyes Potential $15B India-Based F-16 Production Line; George Standridge Comments

Lockheed Martin has proposed to transfer all production of the company’s F-16 fighter jet from its Fort Worth, Texas aeronautics facility to India in an effort to fulfill up to $15 billion in exports, Economic Times reported Thursday. Manu Pubby writes the U.S. government supports the Lockheed proposal to set up the F-16 line in India under …

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Lockheed, Terma Make Deal for More F-35 Component Production Biz Opportunities

Lockheed Martin has entered into an agreement with Terma that provides the latter options to pursue additional component production opportunities with the F-35 Lightning II Joint Strike Fighter program beyond existing contracts. Denmark-based Terma said Wednesday it seeks to continue to provide F-35 composite and bonded assembly work through low-rate initial production and full-rate production. The agreement follows news …

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Orbital ATK Massachusetts Facility Reaches 500-Mark in Large Composite Rocket Structure Production

An Orbital ATK facility in Iuka, Massachusetts has reached the 500-unit production milestone for a large composite rocket structure the company makes for a Boeing–Lockheed Martin launch services joint venture. OA produced a boat tail structure —  the 68th of its product-line that includes heat shields and interstages — for the United Launch Alliance‘s Atlas …

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Lockheed Unveils Updated Production Line for MK 41 Missile Launching System

Lockheed Martin has revealed its upgraded MK 41 Vertical Launching System production line that seeks to build on a U.S. Navy contract awarded in December 2014 requiring the company to continue its delivery of MK 41 systems. The company said Thursday the VLS production line at its Middle River, Maryland, facility has added 80 tools in an effort to …

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Northrop to Support Navy’s Submarine Missile Launcher Tech Program

Northrop Grumman has been awarded a potential five-year, $198 million contract to help the U.S. Navy design, engineer and assess subsystems for an underwater tactical missile launcher platform. The Defense Department said Tuesday that Northrop will support development of a technology for the Navy to launch ballistic missiles from sea-based strategic deterrent submarines. Northrop …

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