OEM News 11/25/2008

November 25, 2008

Articles

Boeing Announces Layoffs, Restructuring At Wichita Site
Boeing Company said it plans to cut approximately 800 positions at its Integrated Defense Systems facility in Wichita during 2009. Boeing attributes the reductions to the end of some programs and the delay in the U.S. Air Force tanker-replacement program. The layoffs will impact managers and both salaried and hourly workers. Read More

NATO To Acquire Boeing C-17s
Boeing said that the NATO Airlift Management Agency (NAMA) general manager, on behalf of the Strategic Airlift Capability (SAC) nations, has signed a Letter of Offer and Acceptance with the U.S. government for the acquisition of two Boeing C-17 Globemaster III long-range cargo jets. Read More

General Dynamics To Acquire AxleTech International
General Dynamics and The Carlyle Group, a private equity firm, have entered into a definitive agreement for General Dynamics to acquire AxleTech International, a global manufacturer and supplier of axles, axle components, planetary axles, independent suspensions, brakes and aftermarket parts for military vehicles, commercial specialty trucks, and off-highway machines used in the construction, material handling, forestry, mining and agricultural markets. Read More

General Dynamics Gets $286 Million For Nuclear Sub Support
The U.S. Navy has awarded General Dynamics Electric Boat a $286 million contract for planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics. The contract has a total potential value of $1.8 billion over five years if all options are exercised and funded. Read More

Lockheed Martin Gets $156 Million Contract For Canadian Aircraft Service
Lockheed Martin has received a $156 million contract to provide the P-3 Aircraft Service Life Extension Program (ASLEP) for the Canadian Forces’ CP-140 aircraft fleet. Read More

3M To Acquire Futuro Product Line From Beiersdorf
3M and Beiersdorf announced that 3M will acquire the Futuro health supports and compression hosiery product line from Beiersdorf. Terms of the transaction were not disclosed. Read More


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Benchmarking at IMTS
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