Avcorp Industries has closed a private placement of 16,157,465 common shares of Avcorp at a price of C$0.15 per share to Panta Holdings B.V. (“Panta”) for gross proceeds of C$2,423,620 (the “Private Placement”), pursuant to the terms of the amended and restated investment agreement dated July 13, 2009 (“Amended and Restated Investment Agreement”). The proceeds […]
Avcorp closes private placement Read More »
The Boeing Company’s second-quarter earnings per share increased 22% to $1.41 per share, as revenues rose 1% to $17.2 billion, driven by growth in defense programs and strong performance in defense and commercial airplanes. Year-ago results included a $0.22 per share charge on the Airborne Early Warning & Control (AEW&C) program. Revenues for the first
Boeing reports second-quarter financial results Read More »
The U.S. Department of Defense has awarded Pratt & Whitney a $571 million production contract for F135 engines to power the F-35 Lightning II. This low rate initial production (LRIP) contract covers production, sustainment, spare parts and engineering support for the third lot of F135 engines, including 10 conventional take-off and landing (CTOL) and 11
Pratt & Whitney awarded $684 million in new contracts for F135 engine production Read More »
The fifth Boeing 787 Dreamliner flight test airplane has been unveiled sporting a special Boeing livery. Painted white with blue accents, the new livery incorporates visual and color elements from the distinctive blue-and-white Boeing Commercial Airplanes livery seen on the first 787 flight test airplane and other new commercial models. The simplified paint scheme will
787 Dreamliner flight test airplane painted in special Boeing livery Read More »
Bombardier Aerospace revealed further details on the progress of the Learjet 85 program. All major suppliers, over 30, have been engaged and are active in the joint definition phase. Several product development milestones, including the completion of the second proof of concept fuselage and the successful completion of all wind tunnel testing have been achieved
Bombardier Learjet 85 aircraft program marks major development milestones Read More »
