PARIS — Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.

The European planemaker has so far announced output cuts of a third from its plans before the coronavirus c…

PARIS — French government and industry officials are negotiating a 1-billion-euro, privately led investment fund for small aerospace suppliers in which major manufacturers could invest 200 million euros, people familiar with the proposals said on Wednesday.

The scheme mirrors government-backed …

The U.S. Air Force has awarded development contracts to 28 vendors for its Advanced Battle Management System that could be worth $950 million over five years. The indefinite-delivery/indefinite-quantity contracts allow for the vendors to compete for individual task orders through May 28, 2025.

T…

RAMSTEIN AIR BASE, Germany — Four B-52H Stratofortresses from the 5th Bomb Wing, Minot Air Force Base, North Dakota, conducted a long-range, long duration strategic Bomber Task Force mission throughout Europe and the Arctic region, June 3, 2020.

The flight involved missions over the Arctic Ocea…

This is GAO’s 18th annual assessment of DOD acquisition programs. GAO’s prior assessments covered major defense acquisition programs. This year’s assessment expands to include selected major IT systems and rapid prototyping and rapid fielding programs, in response to a provision in the National Defe…

PATUXENT RIVER, Md. — The U.S. Navy completed the first captive carry flight test of an Advanced Anti-Radiation Guided Missile – Extended Range (AARGM-ER) missile on an F/A-18 Super Hornet June 1 at the Patuxent River test range.

During the test, the F/A-18 Super Hornet conducted a series of a…