contract
New York (AFP) - Boeing's CEO is "confident" the company will fulfil Ryanair's giant 737 MAX-10 order announced Tuesday despite lingering supply chain and regulatory questions, a view shared by the Irish carrier. The two companies unveiled a massive agreement of 150 new planes, plus options of 150 more to be delivered between 2027 and 2033 in a deal worth more than $40 billion at list prices, which are customarily rebated for large orders. In a joint interview with AFP, the leaders of the two companies described the financial terms as "win-win" following a complex negotiation. When Boeing pre...
AFP
Geneva (AFP) - Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion). "National Armaments Director Martin Sonderegger and the Swiss F-35A Program Manager Darko Savic signed the procurement contract on 19 September 2022 at armasuisse in Bern," said armasuisse, the country's arms procurement agency. "With this, the procurement of 36 F-35A is contractually agreed," it added. The selection of the F-35 by the Swiss government in June 2021 sparked some controversy, particularly in light of the cost-overr...
AFP
The Houston Astros have agreed to a one-year $25 million contract with right-hander Justin Verlander with the option for a second season. Verlander won the American League Cy Young Award for Houston in 2019. He made just one appearance during the pandemic-shortened 2020 season due to injuries. He had surgery to repair an ulnar collateral ligament on September 30, 2020, and missed all of the 2021 season, his last before the end of his contract with the Astros. Verlander rejected the Astros’ $18.4 million qualifying offer before agreeing to the contract with the Astros. Houston acquired Verlande...
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Washington (AFP) - The US arm of Britain's Rolls Royce won a contract worth up to $2.6 billion Friday to supply engines for the US Air Force's B-52H bomber fleet, the Air Force announced. The company's Indianapolis, Indiana manufacturing unit was awarded a $500.9 million "indefinite-delivery/indefinite quantity" contract over six years for replacement engines for the B-52s, the long-range Stratofortress bombers that have been a mark of US strategic power since the 1950s. The contract has a potential total value of $2.6 billion "if all options are exercised," the Air Force said. The Air Force ...
AFP
Paris (AFP) - The US Air Force is set to reopen a bidding war between Boeing and arch-rival Airbus over the replacement of its ageing fleet of refuelling aircraft essential to Washington's ability to project power beyond its borders. In a tortuous and scandal-riven procurement process, during which two contracts were scrapped, Boeing finally snagged a $35-billion (30-billion-euro) deal in 2011 to develop and supply 179 KC-46 refuellers by 2029. Even though the project was plagued by cost overruns and delays, Boeing looked set to walk away with the next phase of the project to replace the Air F...
AFP
Aaron Rodgers, the reigning NFL MVP, reportedly declined a two-year offer from the Green Bay Packers, according to ESPN’s Adam Schefter. The deal would have made Rodgers the highest-paid quarterback and player in football. In April it was reported that Rodgers did not wish to continue his career with the Packers due to his displeasure with the team’s management. Despite Rodgers’ outspoken nature about the situation, the Packers were adamant that they would not be willing to trade the three-time MVP. Since the initial reports, Rodgers has not reported to the team’s voluntary OTAs for the first ...
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