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January 21, 2013

Headlines: January 21, 2013

News

Pentagon grounds Marine Corps model of F-35 fighter jet

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.

 

Business

U.S. 787 probe puts spotlight on Arizona battery firm

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.

 

International

The ties that bind – Boeing unlikely to suffer Japan fall-out over 787 woes

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.

NATO Patriot missiles arrive in Turkey to counter Syria risks

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.

 

 

 




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Headlines September 11, 2014

News: Obama ready to strike at Islamic State militants in Syria, he tells policy experts - President Obama is prepared to use U.S. military airstrikes in Syria as part of an expanded campaign to defeat the Islamic State and does not believe he needs formal congressional approval to take that action, according to people who have...
 
 

News Briefs September 11, 2014

U.S. airstrikes in Iraq hit Islamic State vehicles The U.S. military says it launched five more airstrikes in support of Iraqi government troops and Sunni tribesmen protecting the Haditha Dam against fighters of the Islamic State group that controls parts of northern and western Iraq. Central Command says that a combination of U.S. attack, fighter...
 
 

Headlines September 9, 2014

News: NATO unable to finalize troop numbers for Afghanistan - NATO leaders did not agree on the size of a training and assistance force expected to be based in Afghanistan from 2015 to 2017, as the alliance still waits for Kabul to approve an operating arrangement. F-35 head: Delays coming if test planes grounded through September -...
 

 

News Briefs September 9, 2014

California contractor gets prison in tax case A Southern California military contractor who failed to report millions earned from providing services in Iraq has been sentenced to four years in federal prison. Prosecutors say Nadim Saifan Jr. of Huntington Beach, Calif., was sentenced Sept. 5. He pleaded guilty in May to attempted tax evasion. Authorities...
 
 

Headlines September 4, 2014

News: U.S. military conducts operation in Somalia, Pentagon says - U.S. military forces conducted an operation Sept. 1 against the Al-Shabaab network in Somalia, Pentagon press secretary Rear Adm. John Kirby said.   Business: Pratt and Whitney halted F-35 engine delivery over titanium - United Technologies Corp.’s Pratt and Whitney unit said it suspended delivery of engines...
 
 

News Briefs September 4, 2014

U.S. military targets extremists in Somalia U.S. military forces targeted the Islamic extremist al-Shabab network in an operation Sept. 1 in Somalia, the Pentagon said. Spokesman Rear Adm. John Kirby said the U.S. was assessing the results and would provide more information when appropriate. No further details were available. A senior Somali intelligence official said...
 




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