Norman Augustine has been elected chairman of Lockheed Martin, of Bethesda, Maryland, with effect from 1 January. He is now vice-chairman and chief executive, and was previously president, a position he assumed on the merger of Lockheed and Martin Marietta in March 1995.
Source: Flight International
Germany’s Deutsche Aircraft has selected UK-based engineering specialist Senior to provide key systems for its D328eco turboprop.
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
Airbus is implementing a short-term cost-containment programme intended to support its production ramp-up efforts. Speaking during a first-half briefing, chief executive Guillaume Faury said the aim of the programme – which has been designated ‘Lead’ – is to prioritise serving the ramp-up and financial performance, and avoid being “distracted”. He ...
