European Aeronautics, Defense and Space Co. (EADS) should sell its holding in Dassault Aviation SA, maker of the Rafale combat jet, because the stake valued at about $5.3 billion is a poor investment, the TCI fund said.
Ultra Electronics Holdings Plc, a maker of submarine hunting equipment, is seeking to work on the Chinese Comac C919 airliner as it looks to expand its non-military
business to about 50 percent of total sales.
Lockheed Martin said Aug. 5 it is developing a universal package of cockpit equipment, electronics and weapons for the U.S. Army’s next-generation helicopter, an approach it says will save money and time, and make future upgrades easier.
Aerospace and defense products supplier Alliant Techsystems is in advanced talks to buy Bushnell Outdoor Productions in a deal that could value the gun accessory maker at $1 billion, two sources familiar with the matter said Aug. 5
Defense Secretary Chuck Hagel warned last earlier this week that the Pentagon may be forced to cut the Army to its lowest point in over a decade if the sequester remains in place. In his starkest terms to date, Hagel laid out a worst-case scenario for the U.S. military if the Pentagon is forced to slash more than $50 billion from the 2014 budget and $500 billion over the next 10 years as a result of Congressionally-mandated automatic spending cuts.
At first, the statement is shocking: “Reduce the number of carrier strike groups from 11 to 8 or 9, draw down the Marine Corps from 182,000 to between 150,000 and 175,000.”
President Obama, who has addressed VFW and American Legion conventions over the years, will speak this week to disabled veterans.
Nearly three dozen rugged C-123 transport planes formed the backbone of the U.S. military’s campaign to spray Agent Orange over jungles hiding enemy soldiers during the Vietnam War. And many of the troops who served in the conflict have been compensated for diseases associated with their exposure to the toxic defoliant.
Japan has launched the world’s first talking humanoid robot “astronaut” toward the International Space Station. Kirobo — derived from the Japanese words for “hope” and “robot” — was among five tons of supplies and machinery on a rocket launched Aug. 4 from Tanegashima in southwestern Japan, the Japan Aerospace Exploration Agency, or JAXA, said.
Europe’s biggest ever commercial telecommunications satellite is ready to begin serious testing ahead of its entry into service. Alphasat, which was launched 10 days ago on an Ariane rocket, is now at its operational altitude and, critically, has deployed its huge 11-meter antenna.
Saturn’s gravitational pull is responsible for the extraordinary hot geysers on the Enceladus moon that spew water out into space. The particles are ejected from active fissures known as “tiger stripes” at Enceladus’s south pole.