Vought Aircraft awards Northrop Grumman follow-on IT contract

Northrop Grumman has been awarded a follow-on contract by Vought Aircraft Industries Dallas, for commercial information technology (IT) outsourcing services that provides continuity and flexibility in servicing Vought’s heritage information systems. The contract is valued at $86 million over three years to Northrop Grumman’s Information Technology sector. Two one-year options could extend the contract total value to $138 million. The original contract was awarded in 2000. Under the terms of the contract, Northrop Grumman will provide service desk and end-user computing assistance, application maintenance and support, centralized server and mainframe services, and network and voice communications at Vought locations throughout Read more

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Mesa Air Group reports fourth quarter 2007 net loss of $68 million

Mesa Air Group reported fourth quarter losses from continuing operations of $62.2 million on gross operating revenues of $327.8 million. This compares to earnings from continuing operations of $5.8 million in the fourth quarter of 2006 on gross operating revenues of $348.8 million. Net loss for the quarter was $68.2 million versus $4.8 million net income in the fourth quarter of fiscal 2006. Total operating revenues decreased $21.0 million year-over-year, or 6.0%, primarily as a result of a year-over-year decrease in aircraft in service. The fourth quarter results include a pre-tax charge of $86.9 million related to the recognition of Read more

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Sabena technics Group wins MOC contract with French Air Force

Sabena technics Group released that it had been attributed the Maintenance in Operational Condition (MOC) contract of the Airbus A310 fleet belonging to the French Air Force for a 78 month period. Within the scope of this contract, the Group will provide the French Air Force with full support solutions ranging from the line maintenance of the three aircraft of the French Ministry of Defense stationed at Charles-de-Gaulle airport, in Paris, through to base maintenance services provided at the group

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GE signs 100th OnPoint Solution agreement for CF34 Business Aircraft Engines

GE Aviation reported the recent signing of its 100th OnPoint solution agreement on its CF34 engines for business aircraft. To date, GE Aviation has signed OnPoint solution agreements for the maintenance, repair and overhaul of more than 200 CF34-3 business aircraft engines with owners in the U.S., Europe, the Middle East, Russia and Australia. These 5- to 10-year agreements include a wide range of engine service offerings designed specifically to support this important market segment. The total value over the life of the 100 contracts is more than $180 million.

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