2018cnc4-5.2

8 www.CNC-West.com CNC WEST April/May 2018 EXEC H TLINE Continued on page 88....... Kratos Receives $81M Drone Systems Contract California based Kratos Defense and Secu- rity Solutions, Inc. announced Feb. 20 that its Unmanned Systems Division (USD) received a single award indefinite delivery/indefinite quantity (IDIQ) contract from an undisclosed U.S. Government Agency, with a maximum po- tential value of $81 million. The agency is related to unmanned drone systems and asso- ciated command, control, and communications. The contract award has a period of perfor- mance of approximately five years, according to the company. The work covered by this contract will be performed at secure Kratos facilities and at government locations. “Kratos Unmanned Systems Division has re- ceived a number of important contract awards over the past several weeks, including a $93 million award from the U.S. Army, a $23 million new production contract award and now this $81 million award,” Eric DeMarco, president and CEO of Kratos, said in a statement. Kratos develops technology for the Depart- ment of Defense and commercial customers. The University City-based company specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. Raytheon Tuscon Gets Big Con- tract Raytheon/Lockheed Martin Javelin JV, Tucson, Arizona, was awarded a $94,886,553 modification to foreign military sales (France, Taiwan, Jordan, Qatar, Turkey, and Lithuania) contract W31P4Q-13-C-0129 for Javelin weapon system deliverables including rounds, command launch units, and battery coolant unit spares. Work will be performed in Tucson, Arizona, with an estimated completion date of Aug. 31, 2020. Wesco Beats Estimates for Earn- ings, Revenue Wesco Aircraft Holdings Inc. beat Wall Street estimates on adjusted earnings and revenue in the fiscal first quarter. The Valencia, California aircraft parts supplier reported an adjusted net income of $14.5 million (15 cents a share) on revenue of $363 million for the quarter ending Dec. 31. That compares to adjusted net income of $18.5 million (19 cents) in the same period a year earlier. SolarWorld Gets $5M Loan to Keep Hiring as Potential Sale Looms SolarWorld Americas Inc. said that its creditors have loaned it another $5 million to keep the company moving toward full op- erations as a possible merger or acquisition draws closer. This is the second time lenders have stepped up to keep the Hillsboro Oregon plant, active since its German corporate parent, SolarWorld AG, went bankrupt last May. The U.S. operation is the last significant asset remaining in the SolarWorld AG port- folio. Its fate was put on hold as bidders awaited a decision in a trade case SolarWorld Americas brought last year with another Ameri- can manufacturer, Suniva Inc. The tariffs enacted by the Trump administra- tion, announced in January, weren’t a complete victory for the companies, but they were ap- parently enough to keep hopes of a sale or significant investment alive. Boeing, Air Lease Corporation Sign Order for Eight 737 MAX Air- planes Boeing and Air Lease Corporation an- nounced they have finalized an order for eight more 737 MAX 8 airplanes. Air Lease Corpora- tion (ALC), one of the world’s leading air- plane lessors, has been a big buyer of the improved 737 airplane. This new order raises ALC’s total 737 MAX orders to 138. Boeing has delivered more than 100 737 MAX airplanes to over 20 customers worldwide, including four to ALC, with the fifth deliver- ing in May 2018. The 737 MAX is the fastest-selling airplane in Boeing history, accumulating more than 4,400 orders from 96 customers world- wide..