The parent company of European jet maker Airbus says its profit soared in the first half and it has announced a corporate shakeup to give new prominence to its civil aviation division.
Boeing officials are meeting July 31 with Pentagon representatives to resolve a request that the company refund $13 million in overcharges for spare parts.
Lockheed Martin and the Pentagon have reached an accord for the company to produce 71 more F-35 jet fighters, saying costs per plane have been reduced about 4 percent in a move that will protect the weapons system from automatic budget cuts.
Embraer SA, Brazil’s best performing stock this year, is sacrificing margins as it fights to overtake Bombardier in U.S. jet sales.
GKN Plc, a supplier of parts to Boeing Dreamliners and Airbus SAS A350 long-range jets, reported a 12 percent gain in first half sales on higher production rates at the two largest planemakers.
The Pentagon faces the choice between a decade-long “modernization holiday” and a “much smaller” force if the military is forced to absorb continued cuts of at least $50 billion annually through 2023, Defense Secretary Chuck Hagel said July 31.
Congressional auditors said July 31 they are launching a first-of-its-kind review of the system for safeguarding national security secrets, with a view to measuring the scale of a widely understood but unquantified problem — “classification inflation.”
Pentagon propaganda websites aimed at countering terrorism in foreign countries would be shut down under a Senate measure sponsored by the chairman of the Armed Services Committee, according to his office.
Small-town police departments across the country have been gobbling up tons of equipment discarded by a downsizing military — bicycles, bed sheets, bowling pins, French horns, dog collars, even a colonoscopy machine — regardless of whether the items are needed or will ever be used.
While special operations sorces have been heavily focused on direct action since 9/11, the future of special ops missions will be refocused toward international partnerships to prevent conflict, commanders say.
Privately owned Space Exploration Technologies was selected to launch a trio of Canadian radar satellites aboard a single Falcon 9 rocket, the company announced July 30. The California-based firm, also known as SpaceX, already is flying NASA cargo to the International Space Station, a permanently staffed research outpost that flies about 250 miles above Earth.
Two years after flying the final mission of NASA’s space shuttle program, Space Shuttle Atlantis is settling into its new home and welcoming guests as part of a new exhibit. The 90,000-square-foot, $100 million Space Shuttle Atlantis exhibit opened last month at the Kennedy Space Center Visitor Complex to great fanfare as a tribute to NASA’s 30-year space shuttle program.
The familiar exteriors of astronauts’ spacesuits often hide all of the ingenuity and mechanics that are built inside the suits, which were first imagined as “wearable spacecraft.”
Matthew Barzun said he would “absolutely” pressure the government to maintain Britain’s military capabilities despite budgetary constraints. “Because of our deep co-operation with the United Kingdom, we are committed to working with that strong relationship to ensure that they remain full-spectrum capability, that they remain operable with us, and also that they are able to continue to lead missions on behalf of NATO,” Barzun told U.S. senators July 30.
Turkish ambitions to build a fighter aircraft and buy scores of new generation, multinational combat F-35 jets from a U.S. supplier may go beyond Turkey’s financing capacity, says Burak Bekdil in the Hurriyet Daily News.