Crestview Aerospace, a portfolio company of American Industrial Partners, has acquired machine component Kemco Aerospace Manufacturing, a machine component manufacturer that supports aerospace and defense companies. KAL Capital Markets said Tuesday it served as the investment banking adviser to Kemco, which manufactures aluminum, titanium and other ...
Boeing (NYSE: BA) has received a potential $23.76 billion contract to provide sustainment support services for the U.S. Air Force’s fleet of C-17 Globemaster III military transport aircraft. The indefinite-delivery/indefinite-quantity contract has a performance period of nine years and eight months and a base value of $3.5 billion, the Departm...
Jeff Capponi, formerly a vice president at engineering company Senior PLC, has joined Cadence Aerospace to serve as senior VP of sales and marketing, and oversee brand awareness and develop promotional campaigns. Cadence, a portfolio company of Arlington Capital Partners, said Monday Capponi’s responsibilities are expected to support customer ...
Rolls-Royce has won a potential 17-year, $2.6 billion contract to provide replacement engines for the U.S. Air Force’s fleet of Boeing-built (NYSE: BA) B-52H Stratofortress bombers. The Air Force Life Cycle Management Center received four bids for the indefinite-delivery/indefinite-quantity contract, which has a base period of six years worth appr...
Boeing (NYSE: BA) has secured a $1.62 billion contract to repair the guidance kit of the U.S. Air Force’s Minuteman III intercontinental ballistic missile. The Air Force Nuclear Weapons Center is obligating $32.5 million at the time of award from the branch’s fiscal 2021 operation and maintenance funds, the Department of Defense said Fri...
Patrick Shanahan, former deputy secretary of the Department of Defense and senior vice president at Boeing (NYSE: BA), has joined the board of directors of Zanite Acquisition Corp. (Nasdaq: ZNTEU) as an independent Class III director. The special purpose acquisition company said Wednesday Shanahan, a previous Wash100 awardee, will become a member of...
Boeing (NYSE: BA) has appointed 21-year company veteran Matt Welch as vice president of investor relations at the Chicago-based planemaker. He replaces Maurita Sutedja and will be responsible for ensuring the delivery of reports on the market environment, business performance and outlook to the company’s shareholders and investors, Boei...
David Joyce, an an aerospace industry veteran, has joined the board of directors of Boeing (NYSE: BA). Joyce will serve on aerospace safety and compensation committees as a member of Boeing’s board, the company said Tuesday. His four-decade career at General Electric (NYSE: GE) included time as vice chair, president and CEO of GE Aviation...
The State Department has approved a request from the South Korean government to purchase Boeing (NYSE: BA)-made munition guidance kits and related equipment and support services through a potential $258 million foreign military sales transaction. The possible sale includes over 7,100 units of three different Joint Direct Attack Munition Guidance Kit...
Five companies have been awarded contracts to help NASA identify strategies to reduce the risk and cost of a potential future demonstration of subsonic transport aircraft technologies. The agency chose Boeing (NYSE: BA), Raytheon Technologies (NYSE: RTN), General Electric (NYSE: GE), Blended Wing Aircraft and ROHR to support the Future Subsonic Demo...
