In the news...

March 27, 2013

Headlines: March 27, 2013

News

F-35 fighter transforming defense industry says retiring chief

The retiring chief of the trouble-plagued F-35 Joint Strike Fighter says he remains bullish about the hi-tech war plane, with costs soon to be further reduced as production takes off, and believes the program will transform the aerospace industry.

 

Business

Boeing conducts two-hour test flight of grounded Dreamliner – weeks after unveiling new battery design to prevent overheating

A Boeing 787 with a redesigned battery system made a 2-hour test flight March 25, and the company said the event ‘went according to plan.’ The test flight was an important step in Boeing’s plan to convince safety regulators to let airlines resume using the plane, which the company calls the Dreamliner.

Triumph CEO weighs in on Boeing test flight, defense cuts

Boeing’s Dreamliner 787 took off March 27 in the first of two flights aiming to prove that the plane’s battery troubles are over. Boeing hopes the test flights will convince the Federal Aviation Administration that the Dreamliner’s new lithium-ion battery system lives up to regulatory standards. Boeing is Triumph Group’s largest customer and makes up almost half of its commercial business.

EADS shareholders back sweeping ownership change

Shareholders have backed sweeping changes at aerospace group EADS , tearing up a Franco-German ownership pact in favor of rules its leaders hailed as “emancipation” from political interference.

EADS says Spain may sell 1.15 percent of group as cuts stake

Spain plans to sell 1.15 percent of EADS as the aerospace company switches to a new corporate structure, EADS said March 27. Spain, which owns more than 5 percent of the Airbus parent company, had been expected to keep a core stake of 4 percent and place the rest in a special foundation set up to handle surplus government stakes in order to keep EADS within Dutch takeover rules.

Daimler to book 1.3 billion Euro gain from EADS revaluation

Germany carmaker Daimler AG expects to book a non-cash gain in the second quarter after revaluing it’s 7.5 percent stake in aerospace group EADS to allow for a loss of influence.

Bombardier compresses CSeries jet production

Bombardier Inc. has compressed its production plans for a second, larger version of its CSeries jetliners to try to keep its tight schedule for the first deliveries of the new planes, according to people familiar with the planning.

United Technologies completes sale of Goodrich unit

United Technologies has completed the sale of a Goodrich Corp. electric power systems business to French aerospace manufacturer Safran for roughly $400 million. The sale was one of two divestitures required by U.S. regulators after United Technologies made a $18.4 billion deal to acquire airplane parts manufacturer Goodrich.

France sells Safran shares to fuel investment elsewhere

The French government said Tuesday it is selling part of the stake it owns in defense equipment maker Safran SA in order to invest elsewhere to help repair areas of the ailing economy. The state is selling 13 million shares in Safran – representing 3.12 percent of the company’s capital – via accelerated book-building reserved for institutional investors, the finance ministry said in a statement.

 

Defense

U.S. representative introduces bill to allow abortions for service women at military hospitals

It’s hard to believe that a woman serving in the armed forces today — who may be risking her life in dangerous situations — cannot get an abortion at a military hospital unless the pregnancy is the result of rape or incest.

Tricare the untouchable

The U.S. government’s fiscal predicament has many causes. But if you had to reduce them to one sentence, it might go like this: “Congress responds to the short-term demands of particular groups, not the long-term needs of the nation as a whole.”

The $277million minesweeper set for the scrap heap: U.S. Navy’s wooden ship stuck on reef in the Philippines dismantled and hauled away

These extraordinary pictures show how the U.S. Navy is using a crane to dismantle one of its ships which is stranded on a reef in the Philippines. The minesweeper USS Guardian had its entire bow, or front section, cut off and removed March 26.

 

Veterans

Readjustment issues affect 44 percent of combat vets

Nearly half of the 2.4 million Americans who deployed to Iraq and Afghanistan have problems readjusting to life at home — troubles compounded by a lack of understanding on the part of the Defense and Veterans Affairs departments, a new government report concludes.

Best bets for veteran-owned businesses

Large companies are increasingly recognizing that doing business with veteran-owned businesses is not just patriotic — it’s also good business. Since 2007, the number of Fortune 1000 companies seeking veteran-owned suppliers has grown by more than 60 percent. Today, more than 160 of the world’s largest corporations maintain programs designed to use VOBs as preferred vendors in their supplier diversity efforts.

Gulf War veterans show abnormalities in scans of their brains

When she returned from the Persian Gulf War in 1991, Air Force nurse Denise Nichols experienced sudden aches, fatigue and cognitive problems, but she had no idea what was causing them. They grew worse: Even helping her daughter with multiplication tables became difficult, she says, and eventually she had to quit her job.

 

International

Japan’s military chief says F-35 is ‘best fighter’

Japan’s highest-ranking uniformed officer said March 27 that Lockheed Martin’s F-35 fighters were the best choice for the nation’s future operational needs as Tokyo wrestles with tensions with China and increasingly belligerent North Korea.

China eyes $3.5 billion Russian arms deal despite ire over Sukhoi copy

China is seeking renewed deliveries of advanced weapons from Russia with a $3.5 billion deal for fighters and submarines in the pipeline despite lingering resentment in Moscow over Chinese copying of its military technology.

Russia seeks to underpin Afghan security after NATO pullout

Russia wants to play a key role in keeping Afghanistan stable after the withdrawal of most NATO combat troops by maintaining government military hardware on Afghan soil, a senior military official said March 27.

Chinese general leads troops in Cyprus as Beijing embraces U.N. role

When Chao Liu enlisted in the People’s Liberation Army in the dying years of China’s Cultural Revolution, he never imagined he would end up in Cyprus wearing a blue U.N. beret.

North Korea threatens to fire long-range rockets at America as it carries out live-fire drills to prepare coastal defenses

North Korea has warned that it is close to attacking U.S. military bases – including on mainland America – as the rogue state accused their ‘enemy’ of intimidation and threats. The communist country’s state media has said its strategic rocket and long-range artillery units have been ordered to enter the highest level of combat mode and are trained on three targets.

The real strength of North Korea’s military machine revealed: Rogue nuclear state photo-shopped extra hovercraft on warmongering picture

An attempt by North Korea to show-off its military might has sensationally backfired after it was revealed officials had to cut-and-paste pictures of extra hovercraft into a photograph of a beach landing exercise to make up numbers. The picture, issued by the state media organization purports to show a total of eight military hovercraft storming a beach on the east coast of the country during an exercise on March 25.

 

Viewpoint

Don’t abandon U.S. troops’ allies

Los Angeles Times

The United States needs to live up to its obligations and provide visas to those Iraqis and Afghans whose work with Americans has left them in danger.




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Army photograph

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Northrop Grumman signs long-term agreement with Raytheon

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NTTR supports first F-35B integration into USMC’s weapons school exercise

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AAR-Textron

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