March 29, 2024

Boeing, Northrop Win Huge Navy Contracts

Morning Coffee is a robust blend of links to news around the internet concerning the Naval Air Station Patuxent River economic community. The opinions expressed here do not necessarily reflect those of the Leader’s owners or staff.Morning Coffee logo

Boeing won a $1.94 billion contract to supply the Navy with 38 F/A-18E Super Hornet carrier-based, multirole fighters and 21 EA-18G Growler carrier-based, electronic-warfare fighter-bombers, reports Investors.com. Boeing was not the only big winner this week. The Navy awarded Northrop Grumman a $3.64 billion contract to build 25 E-2D Advanced Hawkeye airborne early warning aircraft, according to USNI News. The five-year contract will save the US government about $369 million, according Navy estimates.

The P-8A Poseidon will participate for the first time in flying displays at the July 14-20 Farnborough International Airshow, reports MarketWatch. The Boeing P-8A is a multi-mission aircraft that provides advanced anti-submarine and anti-surface warfare capabilities for the US Navy. Boeing’s multi-role F/A-18E/F Super Hornet fighter will also participate in daily flying demonstrations.

Three F-35Bs have arrived at NAS Patuxent River to prepare for a historic Atlantic crossing to the UK but a fourth fighter, the British F-35 jet, is still on the ground at Eglin AFB following an F-35A fire last week, reports Aviation Week.

The Washington’s Post’s “Iraq Operation Name Contest” winners have been announced. A few winners – “Operation Baracking Bad,” “Operation Fool Me Twice,” and “Operation Sunni Delight.”

The Navy went dry 100 years ago when ship-board alcohol use was officially banned starting on July 1, 1914, according to USNI News. As the deadline approached, many US ships were in Mexican ports and were joined by parties from the British, French, German, Spanish and Dutch navies to drink up the last of the Navy’s alcohol supply.

Military personnel costs are dropping after cuts to some military compensation programs and the Pentagon’s ongoing effort to stem rising pay and benefits is gaining momentum, outgoing DoD Comptroller Robert Hale told the Military Times.

Lockheed Martin is shifting existing employees to a defined-contribution retirement plan by January 1, 2020, becoming the latest company to freeze its expensive defined-benefit pension plan, according to TODAY. Earlier this year, Boeing announced a move to a defined-contribution plan from a defined-benefit plan for non-union employees to reduce costs.

 

 

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