Atlas Air Worldwide Holdings reports strong fourth-quarter

For the quarter ended December 31, 2009, AAWW reported net income of $28.3 million on pretax earnings of $46.1 million and revenues of $321.6 million. Operating and financial results for the quarter compared with net income of $62.3 million on pretax earnings of $103.5 million and revenues of $335.0 million for the three months ended December 31, 2008. For the year ended December 31, 2009, AAWW posted net income of $77.8 million on pretax earnings of $124.1 million and revenues of $1.062 billion. In 2008, AAWW

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Rolls-Royce awarded U.S. Army contract for new M250 FADEC

Rolls-Royce has been awarded a multi-million dollar contract by the U.S. Army to design and develop a dual channel FADEC (full authority digital engine control) for the M250 powered OH-58 Kiowa Warrior helicopter. The dual channel FADEC will draw from the latest commercially-derived Rolls-Royce technology. The results will include increased functionality, decreased pilot workload and lower cost of operation. Development work on the FADEC will be carried out in Indianapolis, Indiana.

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ITP signs a 120 million-euro framework agreement with the Air Force

The Spanish Air Force and Industria de Turbo Propulsores (ITP) have signed a framework agreement for the maintenance of aeronautic engines and their components lasting to the end of 2013 which provides for a maximum contract value of 120 million euros.

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Lockheed Martin F-35 poised to be backbone of USAF fighter fleet

The United States Air Force officially becomes the first F-35 Lightning II customer later this year, when the first of the stealth fighters is delivered to Eglin Air Force Base, Fla. The delivery will initiate a massive recapitalization of the Air Force’s multi-role fighter fleet, and will usher in profound increases in capability, a Lockheed Martin executive said.

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Danish machining firm Multicut gets help from Boeing

Boeing launched an industrial-cooperation project to assist Multicut, a high-end machining firm based in Vildbjerg, as it pursues AS/EN 9100 certification. This project supports the Boeing industrial-cooperation program that is tied to Denmark’s New Combat Aircraft competition. The Boeing F/A-18E/F Super Hornet strike fighter is a finalist in the contest. The project began with a Boeing Supplier Quality expert training Multicut employees on the quality management system (QMS) requirements used across the aerospace industry. Over the coming months, the Boeing expert and a third-party QMS specialist also will assess Multicut’s overall operations in preparation for its AS/EN 9100 certification audit Read more

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SAIC awarded $12 million delivery order to develop U.S. Army Aviation Crew Member Simulators

Science Applications International Corporation (SAIC) was awarded a delivery order by the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) to develop the first integrated crew member simulators for CH-47 and UH-60 helicopters under the Non-rated Crew Member Manned Module (NCM3) program. The NCM3 simulators will integrate with the Army’s Aviation Combined Arms Tactical Trainer (AVCATT) simulators. The contract has a 28 month base period of performance, a single option for a second variant, and a total value of more than $12 million if the option is exercised. Work will be performed primarily in Orlando, Fla. Read more

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Thales signs first contract with Dassault Aviation

Thales announced that it has signed a contract with Dassault Aviation to provide maintenance support for avionics equipment on Rafale combat aircraft in service with the French armed forces. This ten-year fixed-price contract includes a range of extended services. The avionics support agreement with Thales flows from the comprehensive Rafale throughlife support contract awarded to Dassault Aviation by SIMMAD(1) in late 2008 under a similar arrangement, with an initial five-year tranche followed by five further optional tranches of one year each.

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