Economy

Boeing wins $600M contract to modify new Air Force One

Boeing wins $600M contract to modify new Air Force One

The United States Air Force has awarded Boeing a contract modification for slightly less than $600 million to start work on a new presidential transport aircraft.

The new Air Force One planes will replace the VC-25A aircraft now used as the presidential planes, which have been used since President George H.W. Bush's administration in 1990.

Police investigate report of shooter at Dartmouth-Hitchcock Medical Center in NH
Police in the town of Lebanon confirmed that one suspect was arrested shortly before 3 p.m., 90 minutes after the initial alert. The Valley News had also previously reported this development. "Code silver" indicates that a violent situation is unfolding.

The design deal worth $600 million and awarded to Boeing stipulates the defense and aerospace giant will modify the planes' communications systems, electrical circuits, install a medical facility, create an executive suite, and add defense and autonomous ground operations capabilities, the service said in a statement.

The Air Force said it will work with Boeing to ensure the two new aircrafts meet the presidential airlift mission requirements and the President's "affordability expectations".

Ederson starts for Manchester City after Mane clash
A tackle that endangers the safety of an opponent must be sanctioned as serious foul play'. It wasn't one of those where you think the goalkeeper is the favourite".

The deal made headlines since the planes were originally built for Transaero, a now-defunct Russian airline.

The Boeing proposal for its MH-139 helicopter to replace the U.S. Air Force's aging Huey fleet could save more than $1 billion in acquisition costs and lifecycle expenses, the company has claimed. The airline was never in possession of the planes before going bankrupt. The Air Force cited Boeing, which considered it sensitive competitive information. Previously, the service has said that modifications will begin in 2019, with initial operational capability of the new Air Force One scheduled for 2024. After the initial design is completed, the Air Force is expected to award another contract modification next summer that will involve more detailed design, actual modification of the aircraft, tests and delivery of the planes.

Oil prices climb after IEA report
The 12 members of OPEC bound by a supply-cutting pact raised their compliance to 82 percent in August from 75 percent in July. The IEA revised down the global refinery throughput forecast for the third quarter of 2017 by 0.7 million bpd due to Harvey.

The KC-46A Pegasus development program completed its first flight of Engineering, Manufacturing and Development (EMD) aircraft #1 December 28, 2014.


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