23 July 2002
KLM Royal Dutch Airlines, and Boeing Commercial Airplanes have confirmed the addition of two 777-200ER (Extended Range) airplanes to the airline's recent announcement of Boeing widebody aircraft. This addition brings the total acquisition to 13 widebody airplanes - 10 new 777-200ER jetliners and three 747-400ER freighters.The two new airplanes have an estimated value of $344 million, bringing the total estimated value of the acquisition to $2.3 billion. Deliveries of both models will begin in late 2003.
BAE SYSTEMS is negotiating with EADS over the future of Astrium, the European satellite builder. According to reports circulating at Farnborough 2002 BAE Systems is "... in negotiations with EADS on the way of obtaining the best for Astrium", which probably indicates a wish to divest its 25% stake in the company to EADS who already hold 75% of the company.
BAE SYSTEMS and Rockwell Collins have signed a collaboration agreement for the development of SiNAV, an integrated MEMS INS/GPS system for the military market. The fusion of leading MEMS inertial and SAASM GPS technologies offers customers a total navigation solution representing a breakthrough in terms of affordability, size and gun-hardness. The product is initially focused on meeting the demand from the guided munition and projectile market, with numerous other military applications for such a capability emerging. SiNAV integrates the MEMS inertial engine of the BAE SYSTEMS SiIMU01 with the Rockwell Collins NavStorm military P(Y)-code SAASM GPS receiver to produce a closely-coupled navigation system.
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