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Bicycling, fitness center, rooftop bar coming to Clearfork's Trailhead

An 11,000-square-foot bicycling and fitness center is headed for the Trailhead at Clearfork on the Trinity River in west Fort Worth, Cassco Development said Wednesday.

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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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BAE to hire 300 in area for F-16 upgrade program

 

F-16 jets in flight. Photo courtesy of BAE Systems.

www.baesystems.com

 

BAE Systems Inc. plans to hire about 300 workers, many at its Fort Worth facility, to support upgrades on 130 F-16 aircraft via an agreement between the Republic of Korea and the U.S. government.


The Arlington, Va.-based company, the U.S. subsidiary of British-based BAE Systems plc, is beginning the first phase of the work under contract through the U.S. Department of Defense’s Foreign Military Sales program. While no price for the contract was released, The Guardian newspaper reports the contract is valued at about $1 billion.
 

“This agreement marks a significant expansion of our F-16 modernization business, and we’re eager to get to work,” said Erin Moseley, president of BAE Systems’ Support Solutions sector in a news release. “When we were chosen by the Republic of Korea last year, it showed that we are a viable and experienced provider of fighter jet upgrades and systems integration. As demonstrated by today’s important milestone, we offer cost-effective modernization solutions, customized to meet any country’s requirements.”


Under terms negotiated by the U.S. Air Force and the U.S. Defense Security Cooperation Agency, BAE Systems will upgrade 130-plus KF-16C/D Block 52 aircraft, with computers, displays, sensors and weapons and associated equipment, training, and logistical support. Phase one of the work will begin immediately and will involve the initial design and development of the upgrade solution. Phase two of the work would begin next year and would complete the production and installation of the upgrade kits in all of the aircraft over the next several years.
The work to upgrade the KF-16 fleet will be performed primarily at BAE Systems’ facility in Fort Worth, but other company sites in Florida, New York, California, and Virginia will also be involved. - Robert Francis

 

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