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The new contract boasts a 31% wage increase over the life of the contract, increases in cost of living adjustment with a maximum increase from $700 to $1,500 per year, a guaranteed $3,000 lump-sum ...
Data requirements can also be identified in the contract via special contract clauses (e.g., DFARS), which define special data provisions such as rights in data, warranty, etc. SOW guidance of MIL-HDBK-245D describes the desired relationship: "Work requirements should be specified in the SOW, and all data requirements for delivery, format, and ...
In March 2022 Textron agreed to buy Slovenian aircraft builder Pipistrel and form a new division for electric aircraft development, called Textron eAviation. Pipistrel will continue as a brand and retain its existing headquarters and operations in Slovenia and Italy. Textron will invest in the division to hasten future aircraft development and ...
A team comprising Textron Marine & Land Systems, Alcoa Defense, and L-3 Communications [10] VT Halter [12] On 6 July 2012, the US Navy awarded Textron, Inc of New Orleans, LA a $212.7M fixed-priced incentive-fee contract for the detail design and construction of a Ship-to-Shore Connector test and training craft.
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A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
Huge news for Fort Worth: The Army chose Bell Textron over Lockheed Martin and others to develop the next generation of combat aircraft, based on Bell’s V-280 Valor tiltrotor.
The FAA published a significant revision to the U.S. manufacturing regulations on October 16, 2009. [17] This new rule eliminates some of the legal distinctions between forms of production approval issued by the FAA, which should have the effect of further demonstrating the FAA's support of the quality systems implemented by PMA manufacturers.