US Navy orders additional two CH-53K test helicopters

first_img View post tag: CH-53K View post tag: US Navy Share this article September 26, 2016 The U.S. Naval Air Systems Command has awarded Sikorsky Aircraft a $232 million contract for the procurement of another two CH-53K system demonstration helicopters.The service initially ordered four aircraft from the company in 2013 in order to carry out operational evaluation of the new helicopter system and than ordered additional two in April 2014.Work on the latest order is expected to be completed by February 2020.U.S. Navy’s CH-53K program is a $25.5 billion, 200-helicopter undertaking aimed at replacing the U.S. Marines’ ageing CH-53E Super Stallion.Lockheed Martin’s Sikorsky achieved a significant U.S. Marine Corps requirement when the CH-53K flew 100ft above the ground with a 12,250kg payload, thereby tripling the external load carrying capacity of the current CH-53E.The new helicopters will have a gross weight of 39.9t and will be powered by three General Electric T408-GE-400 engines.The helicopter has an Initial Operational Capability set for 2019. US Navy orders additional two CH-53K test helicopters from Sikorskycenter_img View post tag: US Marine Corps View post tag: Sikorsky Authorities Back to overview,Home naval-today US Navy orders additional two CH-53K test helicopters from Sikorsky last_img read more

Mandate roundup: Russell Investments, Cambridgeshire, Northamptonshire, Northern Trust

first_imgThe Loomis Pension Plan has selected Russell Investments to provide fiduciary management duties for its £120m (€150m) of assets.The pension fund was an early adopter of fiduciary management in the UK, and will use Russell to shift the fund towards its longer-term aims.Russell Investments replaces Loomis’s original fiduciary manager.Tim Gibbs, finance director at Loomis UK, the pension fund’s sponsor, said the scheme originally adopted fiduciary management to get clear accountability for outcomes. Chair of the trustee board, Martine Touard-Riolle, added: “The trustees felt Russell demonstrated a clear vision of how they would develop and implement our strategy.”Shamindra Perera, head of pension solutions at Russell, said the appointment was a milestone in the UK fiduciary management industry.“Loomis was an early adopter of fiduciary management,” he added. “[The appointment] represents the harbinger of a new and exciting phase in the growth of fiduciary management in the UK, as many that had adopted three or four years ago begin to assess the merits of their chosen provider.”In other news, Cambridgeshire and Northamptonshire Pension Funds have appointed Northern Trust as global custodian for under the Local Government Pension Scheme (LGPS) Framework.The framework allows members of the LGPS to appoint custodians without a protracted tender process.Northern Trust has now won the mandates for the two pension funds, which have around £4bn in assets.The appointment is Northern Trust’s second LGPS Framework mandate win as a global custodian.Cambridgeshire and Northamptonshire, geographically neighbouring funds, collectively work on sharing and merging fund services for efficiency.So far, this has included administration services and several other mandates.Tolu Osekita, responsible for managing the investments for the funds, said: “It was evident Northern Trust has a strategic focus on the LGPS market, and their proven commitment to this segment is incredibly valuable to us.”last_img read more

Magpies safe as Rangers lose again

first_img Press Association Newcastle ensured Premier League survival with a game to spare as a 2-1 win saw already-relegated QPR go down with a whimper at Loftus Road. Hatem Ben Arfa’s penalty and a Yoan Gouffran strike helped the Magpies come from behind to secure a victory that ensured another season in the top flight despite the late sending-off of goalkeeper Rob Elliott. It had not always looked so plain sailing, though, with Loic Remy’s early spot-kick putting Harry Redknapp’s side ahead and ending a 376-minute wait for a goal. center_img QPR edged a poor opening that only came into life in the 11th minute when Mathieu Debuchy gave away a penalty as referee Lee Probert adjudged him to have fouled Junior Hoilett. Yohan Cabaye was booked for his remonstrations but they counted for nothing, with former Newcastle target Remy slotting home. Ben Arfa burst into the box and Jose Bosingwa foolishly tugged the Newcastle man’s shirt in clear view of Probert. Another spot-kick was awarded and the France international stepped up to smash home, with the ball going in off the underside of the bar. It took just seven minutes for the Magpies to draw level and it appeared they had turned the match on its head by the 22nd minute. Debuchy swung in an exquisite right-wing cross that was nodded home at the far post by Papiss Cisse, only for the goal to be chalked off after the Senegalese striker drifted offside. Hoilett forced Elliott into a fine reaction save when QPR returned to the attack but, like so many times this season, poor-decision making cost them dearly. Bosingwa’s popularity plummeted to a new low after sending a weak back-pass to Rob Green and, under pressure from Jonas Gutierrez, the Rs goalkeeper could only clear as far as the unmarked Gouffran, who cushioned a volley into the empty goal. Newcastle were living dangerously with a one-goal lead – something that looked even more tentative eight minutes from time when they were reduced to 10 men. Goalkeeper Elliott handled the ball outside the box and was shown his second yellow of the afternoon, with Steve Harper replacing Ben Arfa for the closing stages. last_img read more

LeBron James Watch | The latest on where he takes his talents next

first_imgThe LeBron/NBA News Feed:[scribble src=”/event/2786904″ /] Newsroom GuidelinesNews TipsContact UsReport an Error LeBron James has landed in Los Angeles, but that doesn’t mean we’re finished. We keep on the lookout for tidbits, tweets and headlines that offer clues as to who is surrounding LeBron James and how the NBA is being re-shaped. (Please scroll down for live Twitter updates)LEBRON ARRIVES: LeBron James agrees to 4-year, $154 million contract with LakersThe latestFind the latest LeBron James coverage, including reporting on where LeBron James Jr. might attend high school here.Tweet of the day:last_img read more