DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.

"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."

The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.

The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.

The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-airlines-news-boeing-adjusts.html

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.

"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."

The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.

The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.

The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-airlines-news-boeing-adjusts.html

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

DTN News - AIRLINES NEWS: Boeing Adjusts 747-8 Production Rate

(NSI News Source Info) HONG KONG - October 19, 2013: Boeing [NYSE: BA] announced that it will adjust the production rate for the 747-8 program from 1.75 airplanes to 1.5 airplanes per month through 2015 because of lower market demand for large passenger and freighter airplanes.

"This production adjustment better aligns us with near-term demand while stabilizing our production flow, and better positions the program to offer the 747-8's compelling economics and performance when the market recovers," said Eric Lindblad, vice president and general manager, 747 Program, Boeing Commercial Airplanes. "Although we are making a small adjustment to our production rate, it doesn't change our confidence in the 747-8 or our commitment to the program."

The company expects long-term average growth in the air cargo market to begin returning in 2014, and forecasts global demand for 760 large airplanes (such as the 747-8) over the next 20 years, valued at $280 billion.

The 747-8 family provides airlines with double-digit improvements in fuel efficiency, operating costs and emissions, while being 30 percent quieter and adding more capacity. To date, the 747-8 has accumulated 107 orders for passenger and cargo versions, 56 of which have been delivered.

The first delivery at the new production rate is expected in early 2014. The production rate change is not expected to have a significant financial impact.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-airlines-news-boeing-adjusts.html

DTN News - ROMANIA DEFENSE NEWS: Romania Finally Settles On Portuguese F-16s

DTN News - ROMANIA DEFENSE NEWS: Romania Finally Settles On Portuguese F-16s

(NSI News Source Info) HONG KONG, Canada - October 19, 2013: Late last week, Romanian defense minister Mircea Dusa signed the contract for a €600 million ($817 million) deal to acquire 12 Lockheed Martin F-16AM/BM fighters from Portugal. An initial installment was paid at the same time. The acquisition of F-16s will finally allow Romania to operate NATO-compatible aircraft, and also brings to an end a long-running saga to provide a replacement for the dwindling LanceR fleet of upgraded MiG-21s.

Included in the deal are nine current Portuguese air force aircraft and three that Portugal is acquiring through the U.S. excess defense article program. This trio will be put through a mid-life update (MLU) program at Portugal’s OGMA maintenance, repair and overhaul company to bring them up to F-16AM/BM standards before delivery to Romania. The deal, which covers nine F-16AM single-seaters and three F-16BM two-seaters, also includes the training of an initial batch of nine pilots and 69 technicians, to be undertaken partly in the U.S.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.hk/2013/10/dtn-news-romania-defense-news-romania.html

DTN News - ISRAELI DEFENSE NEWS: F-35 Pilot Helmets To Be Made By Israeli Company

DTN News - ISRAELI DEFENSE NEWS: F-35 Pilot Helmets To Be Made By Israeli Company

(NSI News Source Info) TORONTO, Canada - October 14, 2013: The pilot helmets for the F-35 Joint Strike Fighter would be exclusively manufactured by Israel-based firm Elbit Systems and its US partner, Rockwell Collins. Lockheed Martin and the Pentagon's Joint Strike Fighter Program Office chose the Israeli firm to make the hi-tech helmets over BAE Systems.

The Associated Press reported that Israeli Defense Minister Moshe Ya'alon announced the news on Sunday. Ya'alon said, "The choice of Elbit Systems to produce the pilots' helmets is a vote of confidence in Israel's defense industries and their people."

According to news outlet New Hampshire Union Leader, London-based BAE Systems was hired by Lockheed and the Pentago to develop the helmet two years ago. This was after problems were seen on the Rockwell-Elbit helmet used for its pilot testing and training. However, Lockheed Spokeswoman Laura Siebert told Reuters that discontinuing BAE's work on the headpiece would allow the company to save USD 47 million. So far, Lockheed has already spent USD 57 million on the second helmet.

*Presented & compiled by DTN News ~ Defense-Technology News

(Read complete story on Defense-Technology News - Click on link undermentioned)

http://defense-technologynews.blogspot.ca/2013/10/dtn-news-israeli-defense-news-f-35.html