In the news...

August 23, 2013

Headlines August 21, 2013

News

Pentagon weights firing thousands under 2014 spending cuts

The Defense Department may have to fire at least 6,272 civilian employees if automatic cuts known as sequestration slice $52 billion from its fiscal 2014 budget, according to a Pentagon planning document.

 

Business

Lockheed eyes 40 percent savings on next F-35 logistics contract

Lockheed Martin said it is close to an agreement with the Pentagon for a more portable and 40 percent cheaper version of the operations and logistics system that controls the F-35 fighter, the Pentagon’s most expensive weapons program.

Mitsubishi Jet gets U.S. buyers’ backing after delay

Mitsubishi Heavy Industries’ new regional jet, Japan’s first such aircraft, won fresh support from U.S. commuter carriers SkyWest and Trans States Holdings even as its debut was delayed by more than a year.

Better Capital mulls more aerospace deals after Gardner overhaul

Private equity firm Better Capital, owner of Reader’s Digest and fashion retail store Jaeger, would consider more deals in aerospace after sales at its aircraft components business more than doubled.

Finmeccanica up on report Doosan closer to unit stake bid

Shares in Italian defense group Finmeccanica rose 7 percent Aug. 22 on a report that South Korea’s Doosan heavy Industries and Construction was planning to raise money to buy a majority stake in energy unit Ansaldo Energia.

 

Defense

Eerie UFO-like footage shows the U.S. Marines’ latest high-tech jet carrying out its first sea test of vertical landing at night

With a globe of light illuminating each wingtip, and a fierce tongue of fire spouting from beneath, this hovering aircraft has been compared to an extraterrestrial visitor. It is the latest test of the high-tech warplane that the U.S. and its allies are funding to maintain the West’s aerial dominance far into the 21st century.

 

Space

Gaia: The ‘impossible space mission’ ready to fly

“It blows your brain. I remember when we went and asked for this stuff we just fell about laughing. We said: ‘Well, let’s try; let’s see what happens. These engineers are smart’. And, boy, they’re smart – they did it!” Cambridge University’s Gerry Gilmore says astronomers thought they were requesting the impossible when the spec was put forward in the early 1990s for a space mission to make a far-reaching census of the Milky Way.

 

International

United Kingdom: New defense chief warns cuts leave Forces ‘cynical and detached’

General Sir Nick Houghton, the Chief of the Defence Staff, said that the Government’s plans to shrink and transform the Armed Forces have left some military personnel feeling unhappy and alienated. Gen Houghton also warned that defense cuts will mean that Britain must lower its “expectation” of the military power the Armed Forces will be able to deploy in future conflicts.

United Kingdom: Red Arrows display pressure investigated in pilot death

An inquest into the death of Flt Lt Sean Cunningham will investigate what effect the intensive display schedule had on aircraft maintenance and what demands it put on pilots. A pre-inquest review heard the number of hours the Red Arrows are required to fly has been reduced by more than 10 per cent.

 




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