In the news...

August 7, 2013

News Briefs August 7, 2013

Manning’s max possible sentence cut to 90 years

U.S. Army Pfc. Bradley Manning’s possible sentence for disclosing classified information through WikiLeaks was trimmed from 136 years to 90 years Aug. 6 by a military judge who said some of his offenses were closely related.

The ruling was largely a victory for defense attorneys, who had argued for an 80-year maximum. Still, the 25-year-old soldier could spend most, if not all, of his remaining years inside a prison at Fort Leavenworth, Kansas.

The sentencing phase of Manning’s court-martial is in its second week. He was convicted last week of 20 counts, including six Espionage Act violations, five federal theft counts and a federal computer fraud charge for leaking more than 700,000 documents from a classified government computer network while working as an intelligence analyst in Iraq in 2010.

Manning says he leaked the material to expose wrongdoing by the military and U.S. diplomats. He contends he selectively leaked material that wouldn’t harm service members or national security. AP

Spirit AeroSystems to shed Oklahoma operations

Spirit AeroSystems Holdings said Aug. 6 that it plans to shed its operations in Oklahoma and postpone filing its second-quarter earnings report.

Shares of the Wichita, Kansas, aircraft parts maker fell 8 percent following the announcement before regaining some of the loss.

Spirit has gone through a number of major changes in recent months, including adding CEO Larry Lawson in March. Lawson warned investors in May that the company would do a comprehensive evaluation of the development programs in its facilities in Tulsa, Okla., Wichita, Kan., Kinston, N.C., and St. Nazaire, France. The company said in July that it would lay off about 360 salaried support and management employees at its Kansas and Oklahoma facilities.

The company makes large sections of airplanes assembled by companies such as Boeing and Airbus.
Spirit said Aug. 6 that it has started a process to divest its Oklahoma operations, which includes sites in Tulsa and McAlester, as part of the broader strategic and financial review it announced in May.

The company said it has hired a financial adviser to help with the process, but did not share any further details of the plan. It employees roughly 15,800 people globally and 2,700 in Oklahoma.

Spirit also said that it is delaying filing its second-quarter earnings paperwork with regulators. The company said auditors have not completed their review and that it plans to file and share the results publicly once that process is complete.

The company said that it expects to record a pre-tax charge between $350 million and $400 million tied to its Gulfstream business jet programs. It did not give a specific earnings forecast for the period, but said it anticipates reporting revenue of $1.52 billion, driven by higher production volumes and non-production revenues.

Analysts are anticipating revenue of $1.47 billion, on average, with estimates ranging from $1.35 billion to $1.51 billion, according to FactSet. AP




All of this week's top headlines to your email every Friday.


 
 

 

Headlines October 20, 2014

News: Navy grounds ‘Top Guns’ - The F/A-18s needs spare parts and in too many cases they’re being taken from brand new jets. This is a risk to national security and pilots’ lives.   Business: Boeing seeks revised schedule for U.S. aerial tanker - Boeing is revising its master schedule for developing the new U.S. Air Force...
 
 

News Briefs October 20, 2014

New military medical team to help with Ebola in U.S. Defense Secretary Chuck Hagel has ordered the military to prepare and train a 30-member medical support team that could provide short-term help to civilian health professionals if there are more Ebola cases in the United States. His spokesman, Rear Adm. John Kirby, says the team...
 
 

Dragon ‘fires up’ for flight

The Air Force and NATO are undergoing a cooperative development effort to upgrade the avionics and cockpit displays of AWACS aircraft belonging to the 552nd Air Control Wing at Tinker Air Force Base, Okla., and the NATO E-3 Sentrys from Geilenkirchen, Germany. The Diminishing Manufacturing Sources Replacement of Avionics for Global Operations and Navigation, otherwise...
 

 
Boeing photographs

Boeing-built X-37B successfully completes third flight

Unmanned spacecraft concludes record-setting 674-day mission   Boeing photograph A third mission of the Boeing-built X-37B Orbital Test Vehicle was completed on Oct. 17, 2014, when it landed and was recovered at Vandenberg...
 
 

Boeing concludes commercial crew space act agreement for CST-100/Atlas V

Boeing has successfully completed the final milestone of its Commercial Crew Integrated Capability Space Act Agreement with NASA. The work and testing completed under the agreement resulted in significant maturation of Boeing’s crew transportation system, including the CST-100 spacecraft and Atlas V rocket. NASA in July approved the Critical Design Review Board milestone for Boeing’...
 
 

AF to release small business research solicitations

The Air Force Small Business Innovation Research and Small Business Technology Transfer program office is set to release its fiscal year 2015 list of topics Oct. 22, on the SBIR/STTR website.  Small businesses and research institutions with expertise to address the topics’ technology challenges are encouraged to submit proposals. During 2014, the Defense Department SBIR...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>