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August 2, 2013

Headlines August 2, 2013

News

Canceling F-5 said to be among Pentagon options

Canceling the $391.2 billion program to build Lockheed Martin’s F-35 fighter jet is among options the Pentagon listed in its “strategic review of choices if forced to live with automatic budget cuts, according to people familiar with Defense Department briefings.

Pentagon to investigate allegations of waste, fraud, abuse in Joint POW-MIA Accounting Command

The Pentagon is investigating alleged waste and misuse of taxpayer dollars by a military-led unit responsible for finding, recovering and identifying U.S. service members missing in action from past conflicts.

 

Business

Lockheed Martin’s F-35 faces ‘significant challenges,’ panel says

The Senate committee that approves defense spending said in a report Aug. 1 that “significant challenges remain” for Lockheed Martin’s F-35 even as progress is made.

BAE Systems looks to Saudi deal

Despite cuts to military budgets around the world, yesterday’s update from BAE Systems gave investors more confidence in its outlook. However, the outcome of discussions with Saudi Arabia over Typhoon fighters is vital if it is meet new full–year guidance.

Small defense contractors rebound as budget concerns fade

In five months leading up to the automatic U.S. budget cuts that unnerved defense industry executives, Kratos Defense & Security Solutions’ stock price plunged 29 percent. Since March 1, San Diego-based Kratos has surged 59 percent.

Finmeccanica confirms fiscal year targets after second quarter net loss

Finmeccanica reaffirmed July 31 its 2013 targets after posting a second quarter net loss of $92 million due to a provision on a Belgium train order and higher costs to restructure its defense electronics unit Selex ES.

 

Defense

Pentagon officials press Congress for more time on budget cuts

A day after the Pentagon outlined the stark choices it confronts due to looming budget cuts in coming years, top defense officials pressed Congress to give them more time and flexibility to make the reductions without undermining security.

Senators join push toward a common combat uniform

The powerful Senate Appropriations Committee has joined the campaign to get the services to share a common combat uniform, including a provision in a 2014 defense funding bill that would put an immediate end to the development and fielding of service-unique utility uniforms.

 

Veterans

DOD silent on major changes to Tricare Prime

More than 170,000 retired military personnel and their family members face significant changes to their medical care on Oct. 1, yet the Pentagon has been strangely silent on the coming changes, sending out just one notification letter earlier this year that contained scant details.

July saw slight bump up in veterans jobless rate

The unemployment rate for veterans edged up in July in an economy that grew 162,000 jobs, the Labor Department’s Bureau of Labor Statistics reported Aug. 2.

Veteran disqualification a ‘regrettable mistake,’ but BVA official denies whistleblower retaliation

A Bonneville Power Administration official acknowledged Thursday that the federal hydropower agency made a “regrettable mistake” when it wrongly disqualified some veterans from hiring preferences, but she insisted that officials did not retaliate against whistleblowers who brought the situation to light.

Incredible footage reveals how French World War Two prisoners secretly filmed life in their POW camp

Their crude camera was smuggled into the camp in sausages and carefully hidden away in a hollowed out dictionary. The precious 8mm film stored in the soles of their home made shoes. Had they been discovered it would have likely meant a firing squad.

 

Space

Astronaut describes the terrifying moment his helmet began to fill with water

An astronaut has described the moment he realized his pressurized helmet began to fill with water, covering his eyes, ears and nose, while he was carrying out a mission at the International Space Station. Italian astronaut Luca Parmitano was at the beginning of a six-and-a-half hour spacewalk with U.S. colleague Chris Cassidy when cooling water began streaming from the air vent in his space suit and into his helmet.




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Headlines January 28, 2015

News: Panel will propose new military retirement system - The long-awaited report on military compensation set to drop Thursday will propose fundamental changes to military retirement and health care benefits, according to several people familiar with the report. Source: DOD to request $585 billion for fiscal 2016 - The Department of Defense is preparing to submit a...
 
 

News Briefs January 28, 2015

Defense contractor to pay $2 million to settle claims A Northern California defense contractor will pay the federal government $2 million to settle claims about its manufacturing of parts for remote-controlled aircraft. The U.S. Attorney’s Office in Sacramento says Sacramento-based Composite Engineering Inc. agreed to pay the money to end allegations that it artificially inflated...
 
 
Navy photograph

USS Roosevelt marks 200,000 trap

Navy photograph An F/A-18F Super Hornet flown by Capt. Daniel Grieco, commanding officer of the aircraft carrier USS Theodore Roosevelt (CVN 71), and Capt. Benjamin Hewlett, deputy commander of Carrier Air Wing (CVW) 1, complet...
 

 
Navy photograph by PO1 William Larned

USS California returns from maiden deployment

Navy photograph by PO1 William Larned The Virginia-class attack submarine USS California (SSN 781) returns from its maiden deployment to its homeport at Naval Submarine Base New London. Under the command of Cmdr. Shawn Huey, Ca...
 
 
Army photograph

Army proves new watercraft capabilities

Army photograph Marine Corps assets are loaded onto the USNS Sgt. Matej Kocak (T-AK 3005), from an U.S. Army Landing Craft Utility, or LCU, USAV Port Hudson during port operations, at White Beach Naval Base, Jan. 22, 2015. Sold...
 
 

Orbital stockholders approve merger with ATK’s aerospace, defense groups

Orbital Sciences Corporation announced Jan. 27 that at a special meeting, the company’s stockholders voted overwhelmingly to approve the proposed merger with the Aerospace and Defense Groups of Alliant Techsystems Inc., pursuant to the definitive transaction agreement dated April 28, 2014. Approximately 99 percent of the votes cast at the special meeting voted in favor...
 




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