tyb/s
>>5928603 lb
that it ever was valued where it was is too funny and it's Loop too!
https://www.secform4.com/
U.S. FAA says handling aircraft approval on its own would cost $1.8 billion
7:15pm EST
WASHINGTON (Reuters) - It would cost $1.8 billion and take 10,000 new employees for the U.S. aviation regulator to handle all aircraft certification internally, the agency’s chief told a Senate panel on Wednesday, answering questions after two Boeing 737 MAX crashes on how new planes are approved for flight.
The Federal Aviation Administration delegates much of the work of airplane certification to manufacturers such as Boeing under a decades-old process.
The FAA’s acting head Daniel Elwell was asked why the FAA did not require disclosure of a new anti-stall software system in flight manuals or new pilot training before it certified the now grounded 737 MAX passenger jet in 2017.
Boeing said on Wednesday that it had reprogrammed software on its 737 MAX passenger jet to prevent erroneous data from triggering an anti-stall system that is under mounting scrutiny following the two deadly nose-down crashes.
The planemaker said the anti-stall system, which is believed to have repeatedly forced the nose lower in at least one of the accidents, in Indonesia last October, would only do so one time after sensing a problem, giving pilots more control.
Elwell also said that an alert to pilots that Boeing was making standard on all 737 MAX planes as part of a software upgrade was not “safety critical.” Boeing will stop charging for that alert and another still optional indicator.
“I find it hard to believe that a safety company like an airline would save a couple thousand dollars on an option that might improve safety,” Elwell said, who also defended the decision not to require new training after it was tested by pilots.
“Fundamentally, the aircraft layout, the handling and the performance of the aircraft was the same,” Elwell said.
https://www.reuters.com/article/us-ethiopia-airplane-congress/u-s-faa-says-handling-aircraft-approval-on-its-own-would-cost-1-8-billion-idUSKCN1R81MT?feedType=RSS&feedName=topNews
>>5929183 JPMorgan Cutting Hundreds Of Jobs In Asset Management
NOTABLE
Lockheed Martin : Gets $1.1 Billion Modification for Foreign Military Sales Contract
Lockheed Martin Missiles and Fire Control, a business unit of Lockheed Martin Corp. (LMT), was awarded a $1.1 billion modification to a contract for Guided Multiple Launch Rocket systems, the Pentagon said Wednesday.
The Foreign Military Sales contract is for Poland, Bahrain and Romania.
Work on the systems will be performed in Grand Prairie, Texas, with an estimated completion date of Aug. 31, 2021, the Pentagon said.
https://www.marketscreener.com/LOCKHEED-MARTIN-CORPORATI-13406/news/Lockheed-Martin-Gets-1-1-Billion-Modification-for-Foreign-Military-Sales-Contract-28249836/