Raytheon said third quarter profit fell 2.8 percent amid U.S. budget cuts, while the world’s largest missile maker raised its full year earnings forecast on gains in international sales.
The biggest U.S. defense contractors, led by Lockheed Martin and Northrop Grumman, have endured federal budget cuts and a partial government shutdown with little harm so far to their profits.
Chief weapons buyers for the U.S. military services outlined the impact of continued defense budget cuts, including a delay of 25 aircraft for the Navy and Marine Corps that would have been purchased this year.
Months after the U.S. military was hit with a $37 billion budget cut that threw it into turmoil and confusion, the Pentagon is headed into the new fiscal year facing a similar threat that could have even more devastating consequences, officials say.
After more than a decade in development, an experimental landing ship aimed at boosting the ability of special operators, like the Navy SEALs, to make rapid and stealthy sea landings is targeted for more testing next year by the Pentagon.
Navy officials call the replacement of Ohio-class submarines home-ported at Naval Submarine Base Kings Bay and at the Pacific base in Bangor, Wash., the service’s “top priority program.”
Don’t donate to the tea party or to evangelical Christian groups — that was the message soldiers at a pre-deployment briefing at Fort Hood said they received from a counter-intelligence agent who headed up the meeting.
A space cannon that will blast a hole into an asteroid to find out the origins of the universe has been tested by Japanese scientists. The device will be used to gather data about the composition of the asteroid, named 1999JU3, and help investigate how water and life were created on Earth.
Microgravity is a tricky business. A tiny push at a skewed angle can send an astronaut floating off in the wrong direction. Even a single strand of hair can be enough to propel a body away from a surface, as NASA astronaut Karen Nyberg recently demonstrated.
Astronomers may have identified one of the richest planetary systems yet. The discovery of a seventh planet around the dwarf star KIC 11442793 could be a record, according to two separate teams of researchers.
A unique archive charting the wartime development of the jet engine by the pioneering engineer Sir Frank Whittle is expected to fetch up to £30,000 at auction next month. Sir Frank, a British RAF engineer air officer, is credited with single handedly inventing the turbojet engine – one of the major technological developments of the 20th century.
The Obama administration has drawn up draft rules that would end a decades-long ban on Libyans getting military training in the U.S., according to documents obtained by House Republicans who said Oct. 24 that it’s the wrong move after last year’s Benghazi attack.