News That Matters

Tag: logistics

Lockheed Martin wins C-5 logistics support contract

Lockheed Martin wins C-5 logistics support contract

Business
Feb. 9 (UPI) -- Lockheed Martin has been awarded a contract for contractor logistics support for the C-5 Galaxy, a military transport aircraft.The deal, announced Thursday by the Department of Defense, is valued at more than $ 6.6 million under an indefinite-delivery, indefinite-quantity contract.The agreement taps Lockheed Martin to provide "supply chain management, repair, and technical support services," the Pentagon said in a press release.Work will occur in Marietta, Ga., and Greenville, S.C., and is expected to be completed in July 2018.The total amount of the contract will be obligated to Lockheed Martin at the time of award from a combination of fiscal 2018 transportation working capital funds and operations and maintenance funds, according to the Defense Department.Let's block ads...
Boeing unveils UAV prototype for cargo, logistics use

Boeing unveils UAV prototype for cargo, logistics use

Business
Jan. 11 (UPI) -- Boeing has unveiled a new unmanned electric vertical-takeoff-and-landing, or eVTOL, cargo air vehicle prototype that it plans to use to test and evolve future autonomous technology."This flying cargo air vehicle represents another major step in our Boeing eVTOL strategy," Boeing Chief Technology Officer Greg Hyslop said in a company press release "We have an opportunity to really change air travel and transport, and we'll look back on this day as a major step in that journey."The eVTOL cargo air vehicle, announced on Wednesday, is designed to transport a payload up to 500 pounds, and will aid in future cargo and logistic applications, the company said.The transport is powered by an environmentally-friendly electric propulsion system and has eight counter rotating blades al...