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August 14, 2013

Headlines August 14, 2013

Business

Textron Systems eyes rising foreign demand for drones, weapons

Textron Systems, a unit of Textron Inc , says strong demand from the Middle East and Asia for unmanned systems, ground vehicles and smart weapons will help expand foreign sales to about half of the division’s total revenues in coming years.

Israeli drones over Brazil’s stadiums help Elbit sales

Israel’s Elbit Systems Ltd., whose drones already provide crowd surveillance above Brazil’s soccer stadiums, is seeking a sales boost as the South American country bolsters security for the 2014 World Cup and 2016 Olympic Games.

Seventeen companies win part of $6 billion cyber award

Booz Allen Hamilton Holding Corp. and 16 other companies won a $6 billion contract that may become the biggest unclassified cybersecurity agreement in the U.S. government.

Spirit AeroSystems swings to loss on $448 million charge

Spirit AeroSystems Holdings Inc., a key supplier of aircraft components to Boeing, Airbus and other plane makers, said its earnings swung to a loss in the last quarter due to $448 million in cost overruns on several aircraft wing programs.

ATK wins Orbital Sciences order for space transport vehicle

Alliant Techsystems Inc. Aug. 13 said it had won an order from Orbital Sciences Corp. to provide solid rocket motors for a new air-launched space transport system that is part of Microsoft co-founder Paul Allen’s latest venture.

 

Defense

Air Force report on unmanned aircraft due in September

The head of the Air Force’s remotely piloted aircraft Capabilities Division expects a major review to be complete by the end of September. Col. Bill “Sweet” Tart told an audience at the annual Association for Unmanned Vehicle Systems International convention Aug. 13 that the service’s RPA Vector report is in its final stages.

Funding for JLTV testing could dry up next summer

Due to funding cuts, program managers for the next-generation light infantry vehicle being designed for the Army and Marine Corps are preparing to take a calculated gamble with the program’s testing schedule, an Army official said Aug. 14.




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News Briefs August 18, 2014

New U.S. strikes in Iraq include land-based bombers The latest round of U.S. airstrikes in Iraq against the Islamic State extremist group includes the first reported use of land-based bombers in the military campaign. U.S. Central Command says a combination of bombers, fighter jets, attack planes and unmanned drones hit targets near Iraq’s largest dam...
 
 

Headlines August 18, 2014

News NATO would respond militarily to Crimea-style infiltration: general If Russia tries to infiltrate troops into a NATO country, even out of official military uniform as it did before it annexed Ukraine’s Crimea, NATO will respond militarily, the alliance’s top commander said in an interview published Aug. 17. http://www.reuters.com/article/2014/08/17/us-ukraine-crisis-breedlove-i...
 
 

Brown extends tax credit to Northrop Grumman

California Gov. Jerry Brown has signed legislation that extends a $420 million state tax credit to aerospace giant Northrop Grumman after approving a similar deal for its competitor, Lockheed Martin. Brown’s office announced Aug. 15 that he signed SB718 by Sens. Richard Roth, D-Riverside, and Sen. Stephen Knight, R-Palmdale. It expands an aerospace tax credit...
 

 

Headlines August 15, 2014

News: Defense panels hold up $7 million funding shift for Hellfire missiles – for now - Two U.S. Senate committees are holding up $7 million in new monies for the missile that has been America’s munition of choice against al Qaeda.   Business: Boeing wins $296 million initial deal for 12 more P-8 spy planes - Boeing...
 
 

News Briefs August 15, 2014

U.S. to deliver more weapons to Lebanese military The U.S. ambassador to Lebanon says Washington will soon deliver additional weaponry to help bolster the Lebanese military as it faces a growing threat from militants from Syria. Ambassador David Hale says the deliveries come in response to a request from the Lebanese armed forces for emergency...
 
 

Headlines August 13, 2014

Defense: Military families left without transportation over contractor glitch - It’s not quite reached the level of Veterans Affairs’ incompetence, but a new contractor in charge of moving military families’ cars as they transition from one site to another is failing miserably to perform, leaving some without transportation for as many as 30 days.   Veterans:...
 




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