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April 8, 2013

Headlines April 8, 2013

Business

Pentagon awards surge 71 percent in March as Congress eases budget blow

The Defense Department announced contracts valued at as much as $39.4 billion in March, 71 percent more than the prior month, even as automatic federal budget cuts started taking effect.

http://www.washingtonpost.com/business/economy/defense-contracts-surge-71-percent-in-march-as-congress-eases-budget-blow/2013/04/07/4deeb982-9c89-11e2-a941-a19bce7af755_story.html

Lagardere to use private placement to sell EADS shares

French media group Lagardere SCA said April 8 that it plans to use a private placement as part of its previously disclosed plan to sell its stake in Airbus owner European Aeronautic Defence & Space Co.
Lagardere said in a statement released after market close that it will sell about 61 million shares in EADS, representing about 7.35 percent of EADS’s share capital. The aerospace company itself will place an order of about $650 million as part of the placement, Lagardere said.

http://www.foxbusiness.com/news/2013/04/08/lagardere-to-use-private-placement-to-sell-eads-shares/

Defense

Pentagon seeks change in military law over sex assault decision

Defense Secretary Chuck Hagel has decided to ask Congress to change U.S. military law so that senior commanders no longer have the power to set aside the jury convictions for major crimes like murder or sexual assault, a defense official said April 8.

http://www.reuters.com/article/2013/04/08/us-usa-defense-sexassault-idUSBRE9370X320130408

Unmanned Navy planes near big milestones in May

The Navy plans to carry out the first catapult takeoff of its new X-47B unmanned plane from an aircraft carrier next month and other shipboard tests despite mandatory budget cuts this year, according to the admiral who runs the programs.

http://www.reuters.com/article/2013/04/07/us-navy-planes-unmanned-idUSBRE93609O20130407

Pentagon presses for higher fees for military health care beneficiaries, Congress resists

The loud, insistent calls in Washington to rein in the rising costs of Social Security and Medicare ignore a major and expensive entitlement program ó the militaryís health care system.

http://www.washingtonpost.com/politics/congress/pentagon-presses-for-higher-fees-for-military-health-care-beneficiaries-congress-resists/2013/04/08/ae17edce-a021-11e2-bd52-614156372695_story.html

Pentagon struggles with high cost of health care

The loud, insistent calls in Washington to rein in the rising costs of Social Security and Medicare ignore a major and expensive entitlement program ó the militaryís health care system.

Veterans

Obama seeks to hike veteransí funding despite budget pressure

President Barack Obama will request will request a 4 percent increase in discretionary spending next year for the Department of Veterans Affairs, a move officials said April 5 demonstrated his commitment to veterans and their families despite intense fiscal pressure.

http://www.reuters.com/article/2013/04/06/us-usa-obama-veterans-idUSBRE93500920130406

http://www.airforcetimes.com/article/20130408/BENEFITS06/304080012/Pentagon-struggles-high-cost-health-care

Viewpoint

Mr. Hagel’s budget challenge
The Washington Post

WHEN HE WAS asked in 2011 about the possible impact of the sequestration on defense, Chuck Hagel breezily replied that the Pentagon was ìbloatedî and ìneeds to be pared down.î In his first major speech as defense secretary on Wednesday, Mr. Hagelís assessment was considerably more sober. The $41 billion cut the department is taking this year, he said, ìis already having a disruptive and potentially damaging impact on the readiness of the force.î He added that he would not ìassume or tacitly acceptî that ìthese cuts can be accommodated without a significant reduction in military capabilities.

http://www.washingtonpost.com/opinions/mr-hagels-budget-challenge-at-the-pentagon/2013/04/07/997398c0-9df9-11e2-a941-a19bce7af755_story.html




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Headlines April 14, 2014

Business: U.S. Navy looks to leverage submarine work to keep costs down - The U.S. Navy hopes to save money and time by leveraging industry investments as it replaces its Ohio-class nuclear-armed submarines with the Virginia-class attack submarines now built by General Dynamics Corp and Huntington Ingalls Industries Inc.  Study raises red flags on California aerospace...
 
 

News Briefs April 14, 2014

U.S. Navy destroyer Zumwalt christened in Maine The U.S. Navy has christened the first ship of its newest class of destroyers, a 610-foot (186-meter)-long warship with advanced technologies and a stealthy design that will reduce its visibility on enemy radars. The warship bears the name of the late Adm. Elmo ìBudî Zumwalt, who became the...
 
 
Navy photograph by Seamn Edward Guttierrez III

Russian aircraft flies near U.S. Navy ship in Black Sea

Navy photograph by Seamn Edward Guttierrez III Sailors man the rails as the Arleigh Burke-class guided-missile destroyer USS Donald Cook arrives at Naval Station Rota, Spain, Feb. 11, 2014. Donald Cook is the first of four Arle...
 

 

45th Space Wing launches NRO Satellite on board Atlas V

The 45th Space Wing successfully launched a United Launch Alliance Atlas V rocket from Space Launch Complex 41, Vandenberg Air Force Base, Calif., at 1:45 p.m. April 10 carrying a classified national security payload. The payload was designed and built by the National Reconnaissance Office. “I am proud of the persistence and focus of the...
 
 

U.S. Air Force selects Cubic for Moroccan P5 air combat training system

Cubic Defense Systems, a subsidiary of Cubic Corporation announced April 11 it has been awarded a contract valued at more than $5 million from the U.S. Air Force to supply its P5 Combat Training System to the Moroccan Air Force. Morocco will join the United States Air Force, Navy, and Marine Corps, along with a...
 
 
Lockheed Martin photograph

NASA’s Orion Spacecraft powers through first integrated system testing

Lockheed Martin photograph Engineers in the Operations and Checkout Building at NASA’s Kennedy Space Center in Florida, perform avionics testing on the Orion spacecraft being prepared for its first trip to space later this ye...
 




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