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June 24, 2013

Headlines June 24, 2013

News

Stunt plane crashes in Ohio; two dead

A stunt plane crashed at an Ohio air show June 22, killing two people.

 

Business

U.S. arms makers emerging hopeful in face of budget cuts

The fallout of U.S. defense budget cuts was plain to see at last week’s Paris Air Show in a range of scaled back displays that in the past were packed with a crowd-pleasing array of U.S. military hardware.

GAO report finds thousands of contractors paid more than VP

If a government-mandated cap on contractor executive compensation was required to match the vice president’s pay, more than 3,400 employees from a sample 27 companies would have exceeded it in 2012, according to a new Government Accountability Office report.

Decline in defense mergers and acquisitions sparks staffing changes at banks

The aerospace and defense industry saw a decline in mergers and acquisitions during the first part of the year as federal budget cuts set in, forcing the banks and financial advisers that facilitate those deals to reconsider their stomach for the sector.

 

Defense

Military gives a salute to Gay Pride Month; messages sent to commands

The U.S. military is embracing a celebration of homosexuals in the ranks this month by sending out a gay pride poster and a directive to commands, while planning a Pentagon symposium that will be attended by Defense Secretary Chuck Hagel.

 

Veterans

‘I suppose we deserted, aye. But we were the heroes’

An Irishman who deserted the Irish army in order to fight the Nazis has recently been pardoned by the Irish government

 

Space

O3b satellite launch is postponed

Adverse weather has delayed the launch of an innovative new space network. A Soyuz rocket was due to put four satellites in orbit for the O3b company, to provide communications to parts of the world that have poor fiber-optic infrastructure.

Europe’s IXV ‘space wedge’ performs drop test

A successful “drop test” has been conducted on Europe’s experimental re-entry vehicle, the IXV. A 1:1 scale model was released from an altitude of 3km by a helicopter, and then descended to a splashdown in the Mediterranean on a parachute.

 

Technology

Supersonic travel? Ballistic jetliners? Air travel innovations are slower, subtler

When the Concorde started flying in the 1970s, hopes were high that the traveling masses would soon streak through the air faster than the speed of sound or soar in planes that hurtled like missiles above the earth’s atmosphere. Instead, jetliners still look the same as they did five decades ago and travel times have barely budged.

 

International

Independent Scotland ‘faces dilemma between Trident and NATO’

An independent Scotland faces a difficult battle to gain entry to NATO amid American skepticism about the SNP’s opposition to nuclear weapons, the authors of a major defense report have warned.




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Headlines December 19, 2014

News: SpaceX’s attempt to land rocket on floating barge postponed - It’s set to be one of the most groundbreaking moments in humanity’s six decades of space exploration. Obama signs $1.1 trillion spending bill into law - President Obama signed the $1.1 trillion federal spending measure into law Dec. 16, officially ending any threat of a government...
 
 

News Briefs December 19, 2014

Trial set for ex-Navy engineer in military secrets case A former Navy civilian engineer is scheduled to stand trial next summer on charges of trying to steal aircraft carrier schematics. Media outlets report that 35-year-old Mostafa Awwad of Yorktown, Va., pleaded not guilty Dec. 17 to two counts of attempted exportation of defense articles and...
 
 

Lockheed to settle suit over retirement accounts

Lockheed Martin agreed Dec. 16 to settle a federal class-action lawsuit accusing the aerospace and defense behemoth of mismanaging the investment accounts of its employees and retirees, charging the investors high fees along the way. The tentative deal announced in federal court in Illinois’ East St. Louis averted an anticipated four-week trial in the 8-year-old...
 

 

Headlines December 17, 2014

News: U.S. Air Force tanker platform slated for year-end debut - Boeing is planning for first flight of its 767-2C – upon which the U.S. Air Force’s new KC-46 tanker will be based – by year’s end, six months late. Northrop Grumman wins $657.4 million deal to supply drones to South Korea - Northrop Grumman has won...
 
 

Headlines December 15, 2014

News: Defense authorization bill heads to White House - Senate lawmakers finalized work on the $584.2 billion annual defense authorization bill Dec .12, putting in place a 1 percent pay raise for troops starting in January and limiting growth in housing allowance rates. Senators make final push for vets suicide-prevention bill - An effort to get a...
 
 

News Briefs December 15, 2014

Official: Afghan insurgents kill two U.S. troops An international military official has told The Associated Press that an insurgent attack on a convoy in eastern Afghanistan has killed two U.S. troops. The official says the attack happened by the Bagram air base in Parwan province near the capital, Kabul, late Dec. 12. The official spoke...
 




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