Business
Aerion and Lockheed Martin Join Forces to Develop World’s First Supersonic Business Jet
Published
9 years agoon
By
Willie DavidWASHINGTON (FNN NEWS) /Lockheed Martin Aeronautics Company/ — Two leaders in supersonic technology, Aerion and Lockheed Martin (NYSE: LMT) announced a Memorandum of Understanding (MOU) today to define a formal and gated process to explore the feasibility of a joint development of the world’s first supersonic business jet, the Aerion AS2. Over the next 12 months, the companies will work together to develop a framework on all phases of the program, including engineering, certification and production.
Aerion Chairman Robert M. Bass stated, “This relationship is absolutely key to creating a supersonic renaissance. When it comes to supersonic know-how, Lockheed Martin’s capabilities are well known, and, in fact, legendary. We share with Lockheed Martin a commitment to the long-term development of efficient civil supersonic aircraft.”
“We are excited to work with Aerion on their development of the next-generation, efficient supersonic jet that will potentially serve as a platform for pioneering future supersonic aircraft,” said Orlando Carvalho, Executive Vice President, Lockheed Martin Aeronautics.
The MOU is the result of extensive discussions between Aerion and Lockheed Martin’s Skunk Works® Advanced Development Programs team. For close to 75 years, Skunk Works has existed to create revolutionary aircraft that push the boundaries of what is possible.
Lockheed Martin, known for developing the world’s leading supersonic combat aircraft, the F-16, the F-35, and F-22, as well as the Mach 3+ SR-71 reconnaissance aircraft, is committed to fostering new innovations and developing supersonic technologies with civil and commercial applications.
“Following our initial review of Aerion’s aerodynamic technology, our conclusion is that the Aerion AS2 concept warrants the further investment of our time and resources,” said Carvalho. “We are committed to remaining on the cutting edge of aerospace technology and are excited to examine the contribution we might make to working with Aerion on making aviation history.”
During the last two and a half years, Aerion advanced the aerodynamics and structural design of the AS2 through a previous engineering collaboration agreement with Airbus. Through that effort, the two companies developed a preliminary design of wing and airframe structures, systems layout, and preliminary concepts for a fly-by-wire flight control system.
“We are grateful for Airbus’ contribution to the program,” said Brian Barents, Aerion Executive Chairman. “We could not have moved the program to this stage without their support.”
In May 2017, GE Aviation announced an agreement with Aerion to define a supersonic engine for the AS2. The latest announcement with Lockheed Martin further positions Aerion as the leader in the nascent sector of civil supersonic aviation.
SOURCE | Lockheed Martin Aeronautics Company
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Business
GOAA Highlights Airport Improvements, Approves New Small Business Policies
Published
3 days agoon
October 22, 2026Terminal upgrades, parking projects and international connections mark the authority’s fiscal year review.
ORLANDO, Fla. (FNN) — The Greater Orlando Aviation Authority highlighted terminal improvements, expanded international connections and parking projects during its fiscal 2026 review, while its board adopted changes to a local business program and announced a new statewide small business initiative.
The updates affect Orlando International Airport and Orlando Executive Airport, which GOAA operates.
“We are undertaking an ambitious effort to redefine what it means to deliver a world-class airport experience,” GOAA CEO Lance Lyttle said in the authority’s announcement.
“As we welcome more visitors, more airlines, more routes, and new programs, our responsibility is to elevate every part of the journey — making it more welcoming, intuitive, and connected.”
A Gate Link train travels along an elevated guideway at Orlando International Airport, with the airport’s control tower in the background. Photo courtesy of the Greater Orlando Aviation Authority.
Terminal Improvements Focus on Connections and Families
Among the completed projects was an enclosed pedestrian bridge with moving walkways connecting Orlando International Airport’s train station and Terminal C.
Terminal C also opened a new wing serving gates 250–254, providing additional capacity and becoming the new home for Virgin Atlantic’s airport operations.
Three new Family Zones — one in each terminal — offer spaces for children and families to play, read and recharge. GOAA also highlighted improvements to directional signs along airport roads, in parking areas and throughout the terminals.
Parking Expansion and $40 Million Improvement Program
GOAA reported progress on a parking guidance system at Terminal C, with phased activation across all garages planned through mid-2027.
Dedicated employee parking areas are intended to free additional spaces for travelers. Planning is also underway for two new garages expected to add 8,000 public parking spaces over the next few years.
Separately, the authority’s $40 million Beautiful Airports Program targets safety, functionality and appearance across garages, terminals and other airport areas.
Aviation Investments and International Service
The fiscal year review highlighted a $50 million investment by dnata, a $26 million redevelopment by Signature Aviation at Orlando International Airport and groundbreaking for Sky Harbour’s $40 million campus at Orlando Executive Airport.
International service developments included ZIPAIR’s nonstop passenger charter flights between Orlando and Tokyo and Iberia’s launch of nonstop service to Madrid.
GOAA described ZIPAIR’s service as the first passenger charter connection between Florida and the Asia-Pacific region.
Business Policy Changes Broaden Eligibility
The board adopted revisions to GOAA’s Local Developing Business program following research, town halls and discussions with internal experts.
The changes increase the allowable personal net worth threshold and clarify how assets are excluded from that calculation, including primary residence equity, business equity, retirement assets and certain nonliquid holdings.
Business size standards were also revised to account for inflation and increased operating costs. The announcement did not specify the updated financial thresholds.
A new Small Business program will complement the local program and extend eligibility to qualifying businesses throughout Florida. Under the announced framework, participating businesses must fall within 50% of the applicable U.S. Small Business Administration size standard.
GOAA said detailed guidelines for both programs would be posted on its website. Those guidelines will provide businesses with the information needed to assess eligibility.
Business
Dallas Mayor Eric Johnson Listed as Speaker for Global AI, Supply Chain Summit
Published
2 weeks agoon
October 9, 2026Organizers say the Oct. 26–27 conference will bring together business leaders, policymakers and technology professionals for discussions on global commerce, digital transformation and industry innovation.
DALLAS, TX (FNN) — Dallas Mayor Eric L. Johnson is listed as an invited speaker for the Global Procurement, Supply Chain, AI & Logistics Summit and Global Recognition Awards 2026, scheduled for Oct. 26–27 in Dallas, according to an announcement from the event’s organizer.
The American Association of Procurement, Supply Chain and Tourism Management, known as AAPSCM, said the two-day summit will take place at the AC Hotel & Residence Inn Dallas by the Galleria, 5460 James Temple Drive.
The conference will focus on artificial intelligence, supply chain resilience, innovation and the future of global commerce.
Mayor listed among international speakers
Organizers identified Johnson among the invited speakers joining executives, policymakers, academics, consultants and professionals in procurement, supply chain management, technology and logistics.
The announcement describes participants as coming “from the United States and around the world.”
According to the release, Johnson is listed among speakers participating in the Oct. 27 program. The announcement does not specify the subject or time of his remarks.
AI, forecasting and digital transformation
The second day’s agenda includes a session on artificial intelligence and machine learning in inventory management, forecasting, and sales and operations planning.
An executive leadership session titled “Driving Innovation & Digital Transformation” is scheduled to follow.
The program will examine technology’s role in procurement, logistics and supply chain operations, with an emphasis on how leaders respond to changing business conditions.
Awards to recognize industry achievement
The summit will also include procurement and supply chain awards, followed by Global Excellence Awards recognizing individuals, organizations and industry leaders.
Organizers said the awards program includes more than 35 categories spanning procurement, supply chain management, artificial intelligence and logistics.
The announcement describes the awards as recognizing “achievement, innovation and leadership.”
Executives and decision-makers expected
AAPSCM said it expects attendees to include chief executives, chief procurement officers, chief supply chain officers, chief operating officers and technology leaders.
The anticipated audience also includes procurement directors, logistics professionals, government representatives and specialists in AI and digital transformation.
About the organizer
AAPSCM describes itself as a U.S.-based nonprofit professional organization that supports professional development through certification, education, training, membership, conferences and international collaboration.
Event and registration information
- Event: 2nd Global Procurement, Supply Chain, AI & Logistics Summit & Global Recognition Awards 2026
- Dates: Oct. 26–27, 2026
- Venue: AC Hotel & Residence Inn Dallas by the Galleria
- Address: 5460 James Temple Drive, Dallas, Texas 75240
- Organizer: American Association of Procurement, Supply Chain and Tourism Management
- Registration: aapscm-conferences.org
- Organization: aapscm.org
Business
Hola at the Park Set for Oct. 3 in Altamonte Springs; Admission Free
Published
3 weeks agoon
October 1, 2026Florida National News and FNN News en Español will provide on-site coverage of the Hispanic Heritage Month celebration at Cranes Roost Park.
ALTAMONTE SPRINGS, Fla. (FNN) — Hola at the Park will bring Hispanic culture, local businesses and live entertainment to Cranes Roost Park on Saturday, Oct. 3, from 2 to 6 p.m.
Hosted by the Hispanic Chamber of Metro Orlando and presented by AdventHealth, the event celebrates National Hispanic Heritage Month through food, entertainment, entrepreneurship and community connections.
According to the chamber’s event announcement, admission is free, the celebration is open to the community and no registration is required.
FNN to Spotlight Businesses and Community Voices
Florida National News and FNN News en Español, official media sponsors, will be on location covering the festivities.
The FNN team will spotlight chamber representatives, sponsors, participating businesses and community leaders, while sharing attendees’ perspectives throughout the afternoon.
Coverage will highlight the people, businesses and cultural traditions contributing to the celebration.
Food, Entertainment and Family Activities
The chamber’s announcement lists authentic cuisine, live entertainment, local businesses, wellness experiences, community resources, networking and family-friendly activities among the event’s offerings.
Attendees will have opportunities to explore Hispanic traditions, connect with entrepreneurs and learn about organizations serving Central Florida.
A Waterfront Setting in Uptown Altamonte
Cranes Roost Park, located in Uptown Altamonte, features a waterfront setting with scenic walkways around Cranes Roost Lake and the Eddie Rose Amphitheater and floating stage.
The park will serve as the gathering place for an afternoon celebrating Hispanic heritage and the connections between culture, business and community.
Event Details
- Date: Saturday, Oct. 3, 2026
- Time: 2–6 p.m. EDT
- Location: Cranes Roost Park, Altamonte Springs
- Host: Hispanic Chamber of Metro Orlando
- Presenting sponsor: AdventHealth
- Admission: Free and open to the community
- Registration: Not required
Vendor Inquiries
For information about vendor opportunities, contact the Hispanic Chamber of Metro Orlando at info@hispanicchamber.com or events@hispanicchamber.com.
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