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OEM News 01/13/2009

Jan. 13, 2009
January 13, 2009   Articles Boeing Commercial Airplanes To Cut 4,500 Jobs In 2009 ...
January 13, 2009
Articles
Boeing Commercial Airplanes To Cut 4,500 Jobs In 2009
Boeing said that employment at its Commercial Airplanes business unit is expected to decline by approximately 4,500 positions in 2009 as part of an effort to ensure competitiveness and control costs in the face of a weakening global economy. Read More

ArvinMeritor Updates Outlook For 2009
ArvinMeritor issued a lengthy statement on its current business conditions that includes an update on the status of the intended sale of its light vehicle systems business, an announcement on the reorganization of its light vehicle systems business, and an new outlook for its financial performance for its 2009 fiscal year. Read More

Ford And Magna Form Alliance
Ford is putting into effect a major element of its vehicle electrification strategy through a strategic alliance with auto supplier Magna International to produce new battery electric vehicles that don’t use liquid fuel. Read More

General Dynamics Gets An $18 Million Gun System Contract
Raytheon Missile Systems of Louisville, Ky., gave General Dynamics Armament and Technical Products an $18 million contract to produce gun systems for the Phalanx Block 1B Close-In-Weapon System (CIWS) and the Centurion Land-Based Phalanx CIWS. General Dynamics Armament and Technical Products is a business unit of General Dynamics. Read More

Lockheed Martin Completes Acquisition Of Universal Systems & Technology, Inc.
Lockheed Martin Corporation said it completed its acquisition of Universal Systems & Technology, Inc. Read More

Lockheed Martin Lands Role On Defense Biometrics Contract Vehicle
The U.S. Department of Defense Biometrics Task Force named Lockheed Martin an industry leader capable of being awarded task orders under the Biometrics Operations and Support Services – Unrestricted (BOSS-U) vehicle. As part of the award process, 11 other corporations were also selected to participate in this indefinite delivery, indefinite quantity (ID/IQ) program. Read More

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