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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 July 21, 2014

News: IDF releases Iron Dome interception rate - Israel’s Iron Dome system has successfully intercepted 86 percent of the Palestinian rockets that it has engaged during Operation ‘Protective Edge’, according to the Israel Defense Forces.   Business: The turnaround of France’s defense giant Thales - Within seconds of meeting Jean-Bernard Levy it becomes apparent that h...
 
 

News Briefs July 21, 2014

Corruption investigated in Kansas National Guard The Kansas Adjutant General’s office says federal authorities are investigating possible corruption involving outside medical companies’ contracts with the Kansas Army National Guard. Sharon Watson, spokeswoman for the adjutant general’s office, confirmed the investigation Friday to The Lawrence Journal-World but declined to rel...
 
 

Headlines July 18, 2014

News: Senate panel OKs Pentagon spending bill, but its fate is uncertain - A U.S. Senate panel July 17 approved nearly $550 billion in military spending, while also proposing to keep alive weapon systems the Pentagon wanted to retire. But senior members made clear it may never see the Senate floor.   Business: Pratt, Norway get...
 

 

News Briefs July 18, 2014

Six F-16s damaged during July 8 storm in Vermont The Vermont National Guard says a total of six F-16 fighter jets were damaged during a severe thunderstorm on July 8. The Guard says the storm with high winds caused the hangar doors at the Burlington Air National Guard station to collapse inward and damage the...
 
 

Airbus beats Boeing at Farnborough in orders race

Airbus beat rival Boeing in the aircraft order stakes at this year’s Farnborough International Airshow, garnering nearly twice as many orders and commitments. The victory by the European aircraft manufacturer is its second in a row in the unofficial air show competition after last year’s triumph in Paris – the French capital and Farnborough, a...
 
 

Headlines July 16, 2014

News: F-35 cleared for flight  - A Pentagon official told Defense News that the F-35 fighter fleet has been cleared by air worthiness authorities. A decision on attending the show has not been made but the official said DOD is “hopeful” it can make the trip.   Business: BAE aims for half of $10 billion...
 




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