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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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