Griffon announced that its subsidiary, the Radar Systems Division of Telephonics Corp., was awarded a Lockheed Martin contract worth more than $318 million. The modification to an existing contract includes the delivery of 139 radar systems for the Navy's Sea Hawk helicopters.
Force Protection is facing competition from eight other companies for a DOD contract to provide blast-resistant military trucks. Executives tout the company's strong track record and partnership with General Dynamics. "Competition is one of the higher forms of flattery," Force Protection Vice President Michael Aldrich says. "It means you have something worth taking -- or trying to take."
The top executive for Airbus operations in North America said today Airbus and Boeing have tapped just 10% of the potential market for jetliners. Airbus has said that the market for midsize jets will demand about 5,700 planes over the next two decades.
The FAA plans to ask lawmakers for permission to borrow up to $5 billion to build a new satellite-based air traffic control system. The FAA also supports a new system based on user fees for taxing airlines and private planes that use the air traffic control system.
The European Parliament has called recently instituted security measures for carry-on luggage at European airports "arbitrary." Officials have also criticized how the rules were implemented and questioned whether they are necessary.