The Pentagon and U.S. Navy Jan. 18 grounded the Marine Corps version of Lockheed Martin Corp’s F-35 fighter jet after an incident that occurred during a training flight at Eglin Air Force Base in Florida Jan. 16.
Tucson, Ariz.,-based Securaplane Technologies Inc, which makes a charger for batteries used on the Boeing Co’s 787 Dreamliner, said Jan. 20 it would support an investigation into battery issues that have grounded the new planes.
Embraer, Finmeccanica unit discuss making helicopters in Brazil
Brazilian planemaker Embraer SA and a unit of Italy’s Finmeccanica SpA said Jan. 21 they plan to form a joint venture within months to produce helicopters in Brazil for military and commercial use in Latin America.
Smaller defense stocks seen as bargain amid cuts
Defense companies such as Alliant Techsystems and SAIC have lost value compared with the largest weapons producers, which may make them better bargains as Pentagon spending declines, according to JPMorgan Chase.
Decades of deep business ties between Boeing and Japan and the thousands of jobs that depend on them mean Japan will likely keep rewarding U.S. manufacturers with the bulk of its aviation spending.
The first of six NATO Patriot missile batteries intended to protect Turkey from a potential Syrian attack arrived by ship from Germany on Monday, drawing a small but noisy protest from nationalist and leftist demonstrators.