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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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