26 Oct '16, 12am

LM’s Sikorsky Yields Revenue Boost of 14.8% for FY | Embraer Spends $205.5M to Settle Corruption Investigatio...

With the tensions between Raytheon and Leonardo-Finmeccanica on their collaboration on the USAF T-X trainer competition seemingly resolved, Raytheon has announced that if the T-100 is selected, work will be carried out in Meridian, Mississippi . In order to facilitate the work, Raytheon proposes to build a final assembly and checkout facility (FACO) in Meridian to complete construction of the trainers. While it remains to be seen how much of the trainer’s construction and assembly will be carried out in the US, a company spokesperson said that at least 70 percent of the T-100 training system — including ground-based systems —will be built in the US. With thanks to the sales of Sikorsky helicopters, Lockheed Martin announced a quarterly profit that pushed total revenue up 14.8 percent for the fiscal year. The company also raised their adjusted profit and sales outlook for t...

Full article: http://www.defenseindustrydaily.com/lms-sikorsky-yields-r...

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