Forecast International has introduced a critical new upgrade to the Industrial & Marine Turbine Forecast module of its Platinum Forecast System. With this latest update, the Platinum Forecast System, Version 4.0, now provides forecasts of total additional annual installed capacity. Now, users can see three vital statistics projections for the industrial and marine turbines market – unit production, value of production, and total capacity of production – over the next 15 years, plus historical data stretching back 10 years. Continue reading
U.S. Manufacturers Deliver 413 Aircraft in Second Quarter – Up 34 Units from Q2 2017
by J. Kasper Oestergaard, European Correspondent.
According to the General Aviation Manufacturers Association (GAMA), in the second quarter of 2018, manufacturers reported higher deliveries on lower revenues. Fixed-wing general aviation aircraft manufacturers delivered 607 aircraft worldwide in Q2 18, up 7.2 percent from 566 in Q2 17. At the same time, revenues decreased 10.8 percent to $4.7 billion, the result of lower revenues reported by business jet makers Gulfstream, Bombardier, Embraer and Dassault. The increase in deliveries was attributable to higher piston-engine and turboprop aircraft shipments. Continue reading
Lockheed Martin has been awarded a contract worth up to $480 million for the conduct of a Critical Design Review and to provide test and production readiness support for the U.S. Air Force’s Air-Launched Rapid Response Weapon (ARRW, pronounced “Arrow”), one of the service’s ongoing hypersonic weapon development efforts. The Air Force is obligating $5 million at time of award. Contract work will be performed in Orlando, Florida, and is expected to be completed by November 30, 2021. Continue reading
The U.S. Army’s signals intelligence system equips HMMWVs, MRAPs and other vehicles, providing force protection and situational awareness support to U.S. Army Brigade Combat Team (BCT) and Expeditionary – Military Intelligence Brigade (E-MIB) commanders while enabling effective engagement of enemy forces. The Army will spend $269 million on program procurement and enhancements through 2021. Continue reading
The next several years should see steady U.S. Army procurement of the PROPHET Enhanced tactical signals intelligence system, driven by the demand for vehicle and soldier protection. PROPHET provides 24-hour situation development and information superiority to enable the most effective engagement of enemy forces. Based on a projection of the FY16 defense budget, the Army will spend $260 million on procurement for the PROPHET program through 2020. Continue reading