B-52

Advantage Capital Invests $3 Million in Growing Military Aircraft Part Manufacturer Malone’s CNC Machining, Inc.

Retrieved on: 
Tuesday, February 6, 2024

Advantage Capital, a leading impact investment firm, announced today a $3 million investment in Malone’s CNC Machining, Inc.—a manufacturer of replacement parts and assemblies for United States military aircrafts.

Key Points: 
  • Advantage Capital, a leading impact investment firm, announced today a $3 million investment in Malone’s CNC Machining, Inc.—a manufacturer of replacement parts and assemblies for United States military aircrafts.
  • The company will use the financing to support the purchase of new equipment and address working capital needs.
  • “This financing is critical to support our upward trajectory, and we are excited about the growth potential,” said Derek Martin, President and CEO of Malone’s.
  • “We have operated in Grove for more than 30 years and are proud to provide quality manufacturing jobs to our surrounding community.

Newsweek’s Naveed Jamali Gets Exclusive Access Inside the U.S. Air Force’s B-2 Stealth Bomber in Special Episode of ‘Unconventional’ Celebrating the Aircraft’s 30th Year of Service

Retrieved on: 
Monday, December 18, 2023

Jamali provides a firsthand account of his journey, revealing the intricate details of the aircraft’s cutting-edge, low-observable technology, strategic capabilities, and the intense training required to operate it.

Key Points: 
  • Jamali provides a firsthand account of his journey, revealing the intricate details of the aircraft’s cutting-edge, low-observable technology, strategic capabilities, and the intense training required to operate it.
  • The episode will be available across Newsweek properties on December 18 in honor of the 30th anniversary of the B-2 Bomber’s service.
  • "Unconventional is a testament to the evolving nature of our armed forces and the remarkable individuals who serve within them," said Naveed Jamali.
  • For more information about Naveed Jamali and his web show, please visit: https://www.newsweek.com/unconventional

CPI Aero Delivers 1st B-52 Radar Rack Structure to RTX

Retrieved on: 
Thursday, October 12, 2023

EDGEWOOD, N.Y., Oct. 12, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has delivered its first B-52 Radar Rack Structure to Raytheon, an RTX business under an IDIQ contract signed in late 2021 with a ceiling value of $20 million.

Key Points: 
  • EDGEWOOD, N.Y., Oct. 12, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that it has delivered its first B-52 Radar Rack Structure to Raytheon, an RTX business under an IDIQ contract signed in late 2021 with a ceiling value of $20 million.
  • Under this first phase of the IDIQ contract, CPI Aero is building and delivering 9 development units and 2 spares, along with completing the tooling and other non-recurring engineering efforts.
  • “This B-52 program is one of multiple new programs on-boarded at CPI Aero in 2022, including multiple airborne pod structures supporting critical Intelligence, Surveillance, and Reconnaissance missions,” said Dorith Hakim, president and CEO of CPI Aero.
  • “CPI Aero is proud to support Raytheon on this important B-52 Radar Modernization Program.

Gladiator Technologies Awarded Multi-Year Contract for JASSM Program

Retrieved on: 
Thursday, October 5, 2023

SNOQUALMIE, Wash., Oct. 5, 2023 /PRNewswire-PRWeb/ -- Gladiator Technologies has been awarded a multi-year award by Lockheed Martin Missiles and Fire Control to supply the G300D gyroscope for the Joint Air-to-Surface Standoff Missile (JASSM®) program. Deliveries will begin in 2023 and extend into 2026.

Key Points: 
  • Gladiator Technologies has been awarded a multi-year contract by Lockheed Martin Joint for the Air-to-Surface Standoff Missile (JASSM) Program.
  • SNOQUALMIE, Wash., Oct. 5, 2023 /PRNewswire-PRWeb/ -- Gladiator Technologies has been awarded a multi-year award by Lockheed Martin Missiles and Fire Control to supply the G300D gyroscope for the Joint Air-to-Surface Standoff Missile (JASSM®) program.
  • "Gladiator Technologies provides the continued technologies needed to support the delivery of these crucial systems that keep our warfighters safe."
  • "We are extremely proud to work with Lockheed Martin on the JASSM program," said Eric Yates, VP Business Development at Gladiator Technologies.

INTRODUCING NEW RECORDING ARTIST THE WHEEL

Retrieved on: 
Thursday, September 21, 2023

PORTLAND, Ore., Sept. 21, 2023 /PRNewswire/ -- New artist The Wheel will release his self-titled debut album on October 6 via Lakeshore Records. Based in Portland, Oregon, The Wheel is the musical alias of longtime producer and session guitarist Avram Brown who tapped his good friend Raymond Richards (Local Natives, LCD Soundsystem) to co-produce and engineer the entire project. The Wheel album can be pre-saved on all streaming platforms and pre-ordered on vinyl and CD here.

Key Points: 
  • PORTLAND, Ore., Sept. 21, 2023 /PRNewswire/ -- New artist The Wheel will release his self-titled debut album on October 6 via Lakeshore Records.
  • The Wheel album can be pre-saved on all streaming platforms and pre-ordered on vinyl and CD here .
  • He furthers, "Interestingly, the piano used on the recording of 'Coyote Mask' belonged to Elliot Smith.
  • Ultimately, The Wheel has come full circle to blend the elegant simplicity of a lyric with the never-ending sparks of reverb-drenched electric melodies.

RTX delivers first B-52 AESA radar to Boeing

Retrieved on: 
Tuesday, September 12, 2023

EL SEGUNDO, Calif., Sept. 12, 2023 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, delivered the first B-52 active electronically scanned array radar (AESA) to Boeing for the U.S. Air Force's B-52 Radar Modernization Program. This first radar will be used for system integration, verification, and testing.

Key Points: 
  • EL SEGUNDO, Calif., Sept. 12, 2023 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, delivered the first B-52 active electronically scanned array radar (AESA) to Boeing for the U.S. Air Force's B-52 Radar Modernization Program.
  • "Outfitting the B-52 with an AESA radar replaces its current 1960s radar technology," says Michelle Styczynski, vice president of Agile Radar Solutions at Raytheon.
  • "With an AESA radar on board, the B-52 will gain improved navigation and targeting capabilities in higher threat areas."
  • Along with improved modes and capabilities, the AESA radar will help crews see further, more accurately and have increased situational awareness.

HII is Awarded $138 Million U.S. Air Force Recompete Task Order to Support Planning and Acquisition of Critical Warfighting Capabilities

Retrieved on: 
Monday, August 21, 2023

The contract augments the program office’s military and civil service capabilities with advisory and assistance services.

Key Points: 
  • The contract augments the program office’s military and civil service capabilities with advisory and assistance services.
  • These services help to holistically track and manage programs and projects involving research, development, test, evaluation, production, modernization and life-cycle acquisition and sustainment activities.
  • The recompeted task order was awarded under the General Service Administration’s (GSA) One Acquisition Solution for Integrated Services (OASIS) Pool 1 contract vehicle.
  • HII’s support to AFLCMC/WB is an extension of work performed under a previous contract awarded in June 2017.

Radiance Technologies CEO Receives Louisiana Tech's Tower Medallion Award

Retrieved on: 
Monday, May 22, 2023

RUSTON, La., May 22, 2023 /PRNewswire/ -- William C. "Bill" Bailey Jr., CEO of Radiance Technologies, has become the newest recipient of the Louisiana Tech University's Tower Medallion Award.

Key Points: 
  • RUSTON, La., May 22, 2023 /PRNewswire/ -- William C. "Bill" Bailey Jr., CEO of Radiance Technologies, has become the newest recipient of the Louisiana Tech University's Tower Medallion Award.
  • Mr. Bailey, a proud alumnus of Louisiana Tech, graduated in March 1987 with a Bachelor of Science degree in Electrical Engineering.
  • The Tower Medallion Award and induction into Louisiana Tech's Hall of Distinguished Alumni recognize Bill Bailey's outstanding contributions to his field, his alma mater, and society at large.
  • Radiance Technologies is proud to celebrate this well-deserved honor bestowed upon its CEO.

Aerojet Rocketdyne’s Advanced Scramjet Engine Powers Hypersonic Vehicle Flight in Partnership with DARPA, AFRL, Lockheed Martin

Retrieved on: 
Wednesday, February 22, 2023

HUNTSVILLE, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- In partnership with the Defense Advanced Research Projects Agency (DARPA), Air Force Research Laboratory (AFRL) and Lockheed Martin team, an advanced Aerojet Rocketdyne scramjet engine powered the recent flight (announced Jan. 30) of the Hypersonic Air-breathing Weapon Concept (HAWC).

Key Points: 
  • HUNTSVILLE, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- In partnership with the Defense Advanced Research Projects Agency (DARPA), Air Force Research Laboratory (AFRL) and Lockheed Martin team, an advanced Aerojet Rocketdyne scramjet engine powered the recent flight (announced Jan. 30) of the Hypersonic Air-breathing Weapon Concept (HAWC).
  • Launched from a B-52, the test flight exceeded Mach 5 while traveling more than 300 nautical miles at altitudes exceeding 60,000 feet, accomplishing all primary test objectives.
  • This test flight increased the amount of scramjet powered vehicle performance data to help bring this vision to fruition.
  • “Aerojet Rocketdyne is proud to be a key part of the team demonstrating maturity in advanced hypersonic flight,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president.

Curtiss-Wright Awarded $287 Million IDIQ Contract to Provide Aerospace Instrumentation System Technology

Retrieved on: 
Monday, February 6, 2023

The contract has a base period of five years, valued at $123 million, followed by a five-year option period.

Key Points: 
  • The contract has a base period of five years, valued at $123 million, followed by a five-year option period.
  • Under the agreement, Curtiss-Wright will provide its High Speed Data Acquisition System (HSDAS) aerospace instrumentation technology to support AFTC flight test programs, including High Speed Data Acquisition, Network, Recording, Gateway, RF, and Data Analysis Software (IADS®) products and services for Flight Test Instrumentation (FTI).
  • The sole source contract provides products, enhancements, upgrades, repair services, field service, and technical support to the HSDAS equipment.
  • This award is a continuation of the recently completed HSDAS IDIQ five-year contract that was valued at $91 million.