Nucor has announced the company will buy Gallatin Steel from ArcelorMittal for $770 million in cash. Located in Ghent, Kentucky, the mill opened in 1995 and produces 1.8 million tons of flat-rolled steel a year, in addition to melting scrap, pig iron and hot briquetted iron. John Ferriola, chairman and chief executive of Nucor, said […]
Read MoreThere have been numerous issues with the Pratt & Whitney engine responsible for powering the F-35 fighter jet from Lockheed Martin. After a major engine failure in June, Pentagon officials have announced they expect the engine design repairs to be a “relatively minor cost.” Pentagon chief arms buyer Frank Kendall said in addition, “I am […]
Read MoreReports are circulating that Ryanair is extremely close to placing a $10 billion order with Boeing for about 100 high-density versions of Boeing’s 737 MAX jetliner. While the talks are ongoing, insiders expect a deal could be finalized as early as two weeks from now. UPDATE: Boeing announced a $11 billion order from Ryanair this […]
Read MoreDespite Nucor Steel’s efforts to block the project, construction for the $1.3 billion Big River Steel mill from Osceola will begin on September 22. Nucor Steel accused the company of violating the Clean Air Act, and although the lawsuit remains unresolved, Osceola is moving forward with its steel mill and plans to employ over 500 […]
Read MoreCarbon fiber is incredibly light in addition to being stronger than steel, a seemingly perfect fit for a contact sport with safety issues such as American Football. Russell Athletic has teamed up with Boeing to develop brand new carbon fiber shoulder pads which feature a breathable, protective compression vest under the shell of aeronautical-grade 787 carbon […]
Read MoreThe Ultra Heavy-Lift Amphibious Connector (UHAC) is the latest innovation from the Marine Corps Warfighting Lab, in conjunction with the Office of Naval Research, which is essentially a monster amphibious assault vehicle. The UHAC began testing in early July and can do a whole slew of things, including landing multiple tanks at once and bringing […]
Read MoreThe next SpaceX launch on September 19th can be seen LIVE here: CLICK TO WATCH!
Read MoreA new report states that the aerospace industry in South Carolina is responsible for 54,000 jobs and has a total economic impact of $17 billion. The report takes into account both military and civilian aerospace jobs, with the single largest employer/company being Boeing. In total, there are 466 civilian companies employing more than 17,000 people […]
Read MoreBoeing, for lack of a better word, is killing Airbus in the wide body jetliner market with 273 net order through July compared to Airbus’s negative 27, largely due to cancelled orders. Incredibly, Boeing values its wide body plane market at roughly $2.5 trillion over the next 20 years! Boeing set a record with 324 […]
Read MoreWatch Alexander Skvortsov and Oleg Artemyev; spacewalk begins at approximately 10 a.m. ET! LINK!
Read MoreNorthrop Grumman Corporation (NYSE:NOC) and the U.S. Navy recently worked together on a project that could represent the future of aviation, integrating manned and unmanned flight operations. The flights were conducted from the USS Theodore Roosevelt in the Eastern Atlantic and featured an X-47B Unmanned Air System (UCAS) and an F/A-18 Hornet, the first time […]
Read MoreJapan is looking to launch a military “space force” by 2019 that will be designated to protecting satellites from dangerous debris. The idea is a big step towards more United States and Japan cooperation in space, as the Japanese would apparently relay information to the US military obtained by the space force according to reports. […]
Read MoreBoeing and United Technologies have been stocking up on abnormally large amounts of titanium parts from Russia, specifically from VSMPO-Avisma, a midst growing tensions between the United States and Russia. Essentially, this is a calculated move in case a conflict ruins the supply of metal from Russia pertinent to building jetliners. Stocking up on metal […]
Read MoreBoeing delivered the new, updated CH-47F Chinook helicopter to Army officials last week in Pennsylvania featuring a variety of improvements over previous Chinook models. The heavy-lift transport helicopter is specifically designed for cargo missions, moving artillery, ammunition, troops, fuel, and supplies among other things. With this in mind, one of the major improvements made on […]
Read MoreBoeing’s 2014 Pilot and Technician Outlook forecasts rising demand for commercial aviation pilots and maintenance technicians over the next 20 years. According to the report, released at EAA AirVenture Oshkosh, the next 20 years will require 533,000 new commercial airline pilots and 584,000 new commercial airline maintenance technicians. Vice President of Boeing Flight Services, Sherry […]
Read MoreIn 2006, the FAA required repairs from Southwest Airlines on Boeing 737 jetliners in order to “eliminate potential cracking of the aluminum skin on 44 jetliners.” Now, reports have surfaced that Southwest did a lackluster job on the repairs and that the contractor in charge of the maintenance, Aviation Technical Services, did not follow mandated […]
Read MoreAirbus’s E-Fan 2.0 is the world’s first plane to have fully electric propulsion and represents a major breakthrough in the aviation industry. Since the cost of fuel drives the prices of flying commercially up, developing a commercial electric passenger plane could result in much cheaper flights. In fact, Inhabit reports a flight on “E-fan could […]
Read MoreThe Associated Press is reporting that Delta Airlines is halting all flights to Israel indefinitely as violence continues to rage in the region. Currently, Delta is the only airline company to halt all flights to Israel but many others may follow suit as U.S. Airways has already canceled its flight from Philadelphia to Tel Aviv […]
Read MoreRussian steel giant Severstal has announced the sale of its US plants for $2.3 billion, a deal that will be finalized by the end of 2014. The sale includes Severstal Columbus (Mississippi) to Steel Dynamics and Severstal Dearborn (Michigan) to AK Steel Corporation, of which AK Steel has confirmed its individual acquisition was worth approximately […]
Read MoreBoeing has announced that it plans on building a new model of its best-selling 737 passenger jet, capable of holding 11 more passengers than the 200 it is currently holds. The company estimates by squeezing more seats on the jet, it will be five percent cheaper to operate as a result of lower operating costs per seat. […]
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