Boeing Receives Two Major Missile Contracts Worth $3.1 Billion

      
  •  Boeing received two contracts on May 13 covering two variants from the AGM-84 missile family.

  • The larger of the two contracts covers the supply of 650 AGM-84K Standoff Land Attack Missile Expanded Response (SLAM ER) for the Royal Saudi Air Force, to equip its F-15SA Eagle aircraft.

  • Boeing further developed the AGM-84E SLAM weapon for attacking land targets.

        

Boeing received two contracts on May 13 covering two variants from the AGM-84 missile family. Combined with a related, previously announced order, the contracts have a combined value of $3.1 billion. Naval Air Systems Command is the contracting activity for the orders, which answer the requirements of a number of Foreign Military Sales (FMS) customers.
 

The larger of the two contracts covers the supply of 650 AGM-84K Standoff Land Attack Missile Expanded Response (SLAM ER) for the Royal Saudi Air Force, to equip its F-15SA Eagle aircraft. It is the first export order for this variant for some time, the weapons first being supplied to South Korea for carriage by the air force’s F-15K “Slam Eagles”. The $1.97 billion contract also includes funding for non-recurring engineering associated with the SLAM ER. This work is due for completion by the end of 2028.
 

The second contract, valued at $657 million, calls for the delivery of 467 AGM-84L Harpoon Block II Lot 91 anti-ship missiles to a range of FMS customers by the end of 2026. Saudi Arabia is the biggest recipient, slated to receive 402, while Qatar is to get 53, Thailand eight, and Brazil four. The contract also includes support equipment for India, Japan, the Netherlands, and South Korea.
 

What was then McDonnell Douglas delivered the first Harpoon anti-ship missile in 1977, and has delivered more than 7,500 since then to the U.S. and a large number of allies. As well as the AGM-84 air-launched version, the sea-skimming missile comes in RGM-84 ship-launched and UGM-84 submarine-launched forms. Pre-revolutionary Iran was one of the early recipients, and in 1980 it achieved the first combat success of the weapon when RGM-84s sank two Iraqi patrol vessels. The Harpoon has been successively updated and remains the primary anti-ship missile in the West.
 

Boeing further developed the AGM-84E SLAM weapon for attacking land targets, replacing the Harpoon’s active radar seeker with an imaging infrared seeker that transmitted imagery back to an AWW-13 two-way datalink pod on the launch aircraft. A few were fired during the 1991 Gulf War, and it was also used during the Balkans campaign

 


A further adaptation resulted in the AGM-84H SLAM ER, with pop-out wings that extended the range to around 150 miles. It also featured more advanced guidance options, including “man-in-the-loop” direct flying, and automatic target acquisition. It was the world’s first weapon to have this latter function. Further development led to the current AGM-84K version. As well as the procurement of new-build weapons, most of the U.S. Navy's AGM-84E SLAMs were upgraded to SLAM-ER configuration
 

Since 2019 Boeing has been building a new 35,000-square foot manufacturing facility at its St. Charles site in Missouri to cater to increased production rates of AGM-84 versions. The new factory is expected to be ready next year.
 

Learn More: THE BOEING 797 – HERE ARE THE CLUES WE HAVE SO FAR

Spotlight

Other News
Aviation Technology

Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft

Business Wire | September 14, 2023

H2FLY, a wholly-owned subsidiary of Joby Aviation, today announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft. H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight. The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation. “H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.” The successful flights are the culmination of Project HEAVEN, a European-government-supported consortium assembled to demonstrate the feasibility of using liquid hydrogen in aircraft. The consortium is led by H2FLY and includes the partners Air Liquide, Pipistrel Vertical Solutions, the German Aerospace Center (DLR), EKPO Fuel Cell Technologies, and Fundación Ayesa. Following this test flight milestone, H2FLY will increasingly focus on its path to commercialization. In June, H2FLY announced the development of its new fuel cell systems, which will be capable of providing their full power range at altitudes high enough to enable commercial hydrogen-electric aircraft, demonstrating real-world commercial aircraft applications. About Joby Joby Aviation, Inc. is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.

Read More

Aviation Technology

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up | September 26, 2023

Wheels Up Experience (NYSE: UP) today announced that it has closed the previously announced investment by Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC and Cox Enterprises. The new investment structure combines the experience of Delta, the No. 1 premium airline, with the travel and tourism focus of Certares and turnaround and restructuring experience of Knighthead. It includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels LLC, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week's selection of George Mattson as the company's new CEO. "This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and customers, as well as a vote of confidence in our path forward from a group of investors with deep experience in the premium travel space," Mattson said. "We look forward to working closely with Delta and our other investors to deliver best-in-class operating performance and an exceptional customer experience which, as we deepen our commercial partnership, will also enable us to provide a one-of-a-kind seamless connection between private and premium commercial travel." "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space," said Dan Janki, Wheels Up Chairman and Delta's Chief Financial Officer. "This investment and new leadership puts Wheels Up on a strong path to future success." The credit facility is comprised of a $350 million term loan funded at closing from Delta, CK Wheels LLC and Cox and a $100 million revolving credit facility from Delta. The terms of the credit agreement permit a new lender to provide a $50 million term loan after the closing date, as approved by Delta, Certares, Knighthead and Cox, and it is anticipated this additional funding will close in the near term. In connection with the closing of the credit facility, the lenders will initially receive newly issued Wheels Up common stock representing 80% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. After approval by Wheels Up's stockholders of an amendment to its certificate of incorporation, the company will issue to the lenders additional new shares such that the lenders will own 95% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. Wheels Up also announced a new structure for its Board of Directors. Under the new structure, Delta Air Lines will appoint four directors, Certares and Knighthead each will appoint two directors, and Cox will appoint one director. In addition, one company executive will join the Board and two independent directors are expected to remain from the previous Board. The parties were assisted in the transaction by a number of strategic advisors, including: Davis Polk, Jefferies LLC, Kirkland & Ellis and PJT Partners. About Wheels Up Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern, and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government, and civil organizations. Wheels Up is guided by the mission to connect private flyers to aircraft, and one another, through an open platform that seamlessly enables life's most important experiences. Powered by a global private aviation marketplace connecting its base of approximately 12,000 members and customers to a network of approximately 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Read More

Aerospace

Eviation Announces Order from Solyu for 25 Alice All-Electric Commuter Aircraft

PR Newswire | September 12, 2023

Eviation Aircraft, a manufacturer of all-electric aircraft, today announced that Solyu, a leasing company based in Seoul, South Korea, has signed a Letter of Intent (LOI) for 25 commuter Alice aircraft with options for 25 additional aircraft. Solyu is focused on supporting sustainable aviation by providing financing and leasing solutions for the Alice to a global customer base of operators. Leading the Electric Age of Aviation The nine-passenger Eviation Alice is the world's first flight-proven all-electric commuter aircraft. Built from a clean-sheet design integrating magniX's industry-leading electric propulsion system, Alice produces zero carbon emissions and features lower operating costs per flight hour compared to light jets or high-end turboprops – thereby providing the opportunity to activate more routes, improving the convenience of air travel. "Solyu's order is a testament to how lessors are embracing Alice as the future of flight," said Eddie Jaisaree, Vice President, Commercial Sales at Eviation. "The leasing community is an important constituent in bringing about sustainable change in the aviation industry. It is exciting to see a forward-thinking company such as Solyu recognizing Alice's zero carbon technology, economic viability and beautiful design." "We are very excited to work with Eviation to bring sustainable aviation to the market," said Andrew Claerbout, President of Solyu. "With aviation regulations focusing on sustainability and airlines demanding to reduce their carbon footprint, we see Alice as a major contributor to meeting those targets. In addition to its zero emissions, Alice's flexible layout and low operating costs will provide operators opportunities to open new markets." "As we continue to take important steps toward certification, Alice has now secured US$ 5 billion in orders," said Gregory Davis, CEO of Eviation. "It is gratifying to see the marketplace so excited about Alice's innovative design, low cost of operation and environmental credentials. We are delighted to have Solyu, our newest leasing customer, join us in our mission to lead the electric age of aviation." About Eviation Aircraft Based in Washington State, U.S., Eviation Aircraft Inc. develops and manufactures electric aircraft to delight operators and passengers with green, cost efficient and convenient regional transportation. Its electric propulsion units, high-energy-density batteries, mission-driven energy management, and innovative airframe are designed from the ground up for electric flight. Please visit us at www.eviation.com. About Solyu Based in Seoul, South Korea, Solyu is a lessor focused on providing customers with the newest technology, zero emissions aircraft. The team at Solyu is highly experienced with decades of global experience in aircraft leasing and finance.

Read More

Air Transport

Firefly Aerospace and Millennium Space Systems Stand Ready for Responsive U.S. Space Force Mission

PR News WIre | August 31, 2023

Firefly Aerospace, Inc., an end-to-end space transportation company, and Millennium Space Systems, a Boeing Company small satellite constellation prime, have entered the hot standby phase for VICTUS NOX, a Tactically Responsive Space mission led by Space Systems Command's (SSC) Space Safari Program Office. The team stands ready for the 24-hour callup and orbit requirements to complete final operations and launch at the first available window. "Challenging missions like this is where Firefly excels, and we are extremely humbled and proud to provide the U.S. Space Force and the nation with the critical capability to launch on-demand in support of national security," said Bill Weber, CEO of Firefly Aerospace. "Together with our mission partners, we'll be setting a new standard, proving nominal launch operations can be completed in a matter of hours rather than weeks to months." Millennium and Firefly have entered a six-month hot standby phase and will wait for activation at an intentionally unknown time. During this phase, the U.S. Space Force will give the mission team an alert notification, kicking off a 60-hour window to transport the payload to Vandenberg Space Force Base, conduct fueling operations, and integrate it with Firefly's Alpha payload adaptor. Space Force officials will then issue Firefly a launch notice with the final orbit requirements. The Firefly team will have 24 hours to update the trajectory and guidance software, encapsulate the payload, transport it to the pad, mate to Alpha, and stand ready to launch at the first available window. Once the payload is deployed in low Earth orbit, Millennium will attempt to fully initialize the space vehicle in less than 48 hours and then begin operations for its Space Domain Awareness (SDA) mission. "What we're doing with VICTUS NOX has never been done before, and I attribute our success to the dedication and teamwork of our collective team – Millennium, Firefly, and SSC's Space Safari and Rocket Systems Launch Program (RSLP) offices," said Jason Kim, CEO of Millennium Space Systems. "You need to have the willingness to know that there will be changes – whether requirements or processes. That's where the teamwork and close partnerships really came into play. It's about what help is needed to address a challenge – on all sides – and everyone pitching in to support that." In preparation for the mission, Firefly manufactured and acceptance tested each critical component, engine, and vehicle stage for its Alpha rocket in addition to conducting a static fire to verify all systems operate within flight parameters. Firefly and Millennium also completed multiple rehearsals in preparation for launch, which included packing and delivering a satellite mockup to Firefly's integration facility at Vandenberg Space Force Base to practice all launch operations within the prescribed 24 hours. "The U.S.'s ability to rapidly respond to on-orbit needs is critical to our national defense, particularly in today's evolving space environment," said Lt. Col. MacKenzie Birchenough, Materiel Leader for Space Safari. "The accelerated build time the team demonstrated for VICTUS NOX, combined with the demanding launch and on-orbit goals, exemplifies our strong commitment to preserving our nation's dominance and ability to freely operate in the space domain." About Firefly Aerospace Firefly is an end-to-end space transportation company with launch, lunar, and on-orbit services. As an all-American company headquartered in central Texas, Firefly is focused on delivering responsive, reliable, and affordable space access for government and commercial customers. Firefly's small- to medium-lift launch vehicles, lunar landers, and orbital vehicles provide the space industry with a single source for missions from low Earth orbit to the surface of the Moon and beyond About Millennium Space Systems Millennium Space Systems, a Boeing Company, is a small satellite prime, delivering high-performance constellation solutions for National Security Space. Founded in 2001, the company's active production lines and 80% vertical integration enable the rapid delivery of small satellites across missions and orbits – LEO, MEO and GEO. About Space Systems Command Space Systems Command (SSC) is the U.S. Space Force's field command responsible for acquiring and delivering resilient war fighting capabilities to protect our nation's strategic advantage in and from space. SSC manages a $15 billion space acquisition budget for the Department of Defense and works in partnership with joint forces, industry, government agencies, academic and allied organizations to accelerate innovation and outpace emerging threats. Our actions today are making the world a better space for tomorrow.

Read More