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July 26, 2013

Headlines July 26, 2013

News

GPS flaw could let terrorists hijack ships, planes

The world’s GPS system is vulnerable to hackers or terrorists who could use it to hijack ships – even commercial airliners, according to a frightening new study that exposes a huge potential hole in national security.

 

Business

Arms makers boost profits despite Pentagon budget headwinds

U.S. arms makers reported higher quarterly earnings on Wednesday despite Pentagon budget cuts, with many raising their full-year forecasts, but the companies’ order books showed an increasingly tough market.

Lockheed to Northrop rise as profits defy budget alarms

After warnings that U.S. budget cuts would devastate the defense industry, there top weapons makers this week announced second-quarter profits that beat analysts’ estimates.

Spirit surges on speculation GKN will buy for $5 billion

Spirit Aerosystems Holdings, the aerospace supplier that makes parts for Boeing and Airbus, jumped to an 11-month high after the Daily Mail said GKN Plc is readying a takeover bid for about $35 a share.

Rolls-Royce CEO sharpens cost focus as sales help profit

Rolls-Royce Holdings Plc Chief Executive Officer John Rishton said he wants to halt a sustained increase in costs to bring profit inline with competitors.

General Dynamics second quarter profit beats estimates

General Dynamics Corp. reported second quarter profit that beat analysts’ estimates as higher Gulfstream business jet sales helped offset declining revenue at the unit that produces military vehicles and munitions.

Raytheon raises forecast as profit beats street

U.S. weapons maker Raytheon July 25 reported higher-than-expected earnings and revenue for the second quarter and joined other major defense companies in raising its forecast for the full year despite Pentagon budget cuts.

 

Defense

House passes Pentagon spending bill with no aid to Egypt

The House voted July 24 to give the U.S. Army and Navy more procurement money than they sought for fiscal 2014 – funds designated for Blackhawk helicopters made by United Technologies Corp. and Patriot missile interceptors from Lockheed Martin.

Pentagon mulling separate combat training for men, women

The military is looking at ways to modify its training for women to help them qualify for direct ground combat roles in the infantry, tanks and special operations. Senior officers revealed the new effort this week at a hearing of the House Armed Services subcommittee on personnel.

 

Veterans

VA looks for help in fight to end homelessness

The number of homeless veterans in the U.S. has decreased by 17 percent since 2009 — but many of these men and women are put in apartments without furniture, paid utilities or even toilet paper, according to advocates.

Coast Guard to retrieve World War II remains buried in ice

When an Army Air Forces B-17 crashed on the Greenland ice cap during World War II, two Coast Guardsmen volunteered for the rescue mission to retrieve the lost crew.

 

Space

Revealed: How galaxies go from burst to bust

Images from a nearby galaxy may have explained how star factories can bizarrely slow down, astronomers reported July 24. Astrophysicists have long puzzled why the Universe has very few galaxies with a high mass, even though there are many galaxies that create stars at a phenomenal rate, sometimes a hundred times greater than our own Milky Way.

‘Neil Armstrong thought the moon was beautiful, but I thought it was desolate’

Buzz Aldrin, the second man to walk on the moon, has confessed that he didn’t share Neil Armstrong’s enthusiasm about the beauty of it when they arrived there. Speaking to Sir David Frost in an interview he described the moon as ‘desolate’ and totally lifeless’ up close, sharing his first impressions of the moon.

 

International

EU planning to ‘own and operate’ spy drones and an air force

The European Union is planning to “own and operate” spy drones, surveillance satellites and aircraft as part of a new intelligence and security agency under the control of Baroness Ashton. The controversial proposals are a major move towards creating an independent EU military body with its own equipment and operations, and will be strongly opposed by Britain.

United Kingdom: Army morale drops for third year says MoD study

The Ministry of Defence’s annual survey of Armed Forces attitudes found the proportion of soldiers who said they had high morale fell to two fifths, dropping five per cent since last year.

Scotland: Alex Salmond accused of ‘talking down’ Royal Navy

The First Minister attacked the Navy for having no surface vessels based in Scotland and the presence of Trident submarines, based at Faslane on the Clyde. In the face of fierce criticism of his security plans by independent experts, he said he would seek cross-party consensus on a defense strategy after independence and insisted this was not the “soft option.”




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Headlines August 26, 2015

News: U.S. F-22s deploying to Europe – Weeks after top Pentagon officials began openly calling Russia the greatest threat to the United States, the Air Force is preparing to deploy the F-22 Raptor to Europe for the first time.   Business: Lockheed pays $4.8 million to settle illegal lobbying claim – Sandia Corp. and parent company Lockheed...
 
 

Headlines August 24, 2015

News: Sources: Congress mulls full-year continuing resolution – With a Sept. 30 deadline looming, the Pentagon is coming to grips with the reality that it will be operating under the stop-gap spending measure known as a continuing resolution for the near future.   Business: JLTV award could reorder vehicle industry – The U.S. Army is poised to...
 
 

Headlines August 21, 2015

News: Defense secretary: We’re looking at U.S. sites for Gitmo detainees – Pentagon teams are examining sites in the United States to move terror detainees currently held at the naval base at Guantanamo Bay, Cuba, Defense Secretary Ash Carter said Aug. 20. F-16 pilot remains hospitalized after ground crash at Nellis Air Force Base – An Air...
 

 

Headlines August 19, 2015

News: Navy SEALs to open to women, top admiral says – The Navy is planning to open its elite SEAL teams to women who can pass the grueling training regimen, the service’s top officer said Tuesday in an exclusive interview. First flight of U.S. Air Force tanker delayed by a month – The first flight of the...
 
 

Headlines August 17, 2015

News: After delicate negotiations, U.S. says it will pull Patriot missiles from Turkey – The United States said Aug. 16 that it would withdraw two Patriot missile-defense batteries from southern Turkey this fall, a sign that the Pentagon believes the risk of Syrian Army missile attacks has eased since the Patriots were deployed in 2013. Officials...
 
 

Headlines August 14, 2015

News: Two sailors injured after Hornet catches fire on USS Harry S. Truman flight deck – Two sailors suffered injuries late Tuesday night following a fire that broke out on the flight deck of carrier USS Harry S. Truman (CVN-75), Navy officials told USNI News Aug. 12. McCain wants answers on VA delays in healthcare for...
 




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