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October 25, 2013

Headlines October 25, 2013

Business:

Raytheon profit falls 2.8 percent as company raises forecast -

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.

Contractor earnings rise amid U.S. budget cuts, shutdown -

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.

 

Defense:

Pentagon weapons buyers say cuts may delay aircraft plans -

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.

Automatic budget cuts could hit Pentagon harder 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.

DOD wants more studies for Navy’s Stiletto craft -

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: New sub program still ‘top priority’ -

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.”

Fort Hood soldiers say Army warned them off tea party, Christian groups -

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.

 

Space:

Japanese scientists successfully test asteroid-blasting cannon -

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.

Amazing video shows how a single strand of hair is enough to send an astronaut flying backwards in space -

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.

Seven-planet solar system found -

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.

 

Technology:

Remarkable jet engine blueprints drawn by Sir Frank Whittle during World War II expected to fetch £30,000 at auction -

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.

 

International:

Despite Benghazi, Libyans may train with U.S. military -

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.




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Headlines March 6, 2015

News: IG: VHA misappropriated $92.5M for claims system - The Veterans Health Administration (VHA) misappropriated more than $90 million intended for medical support and compliance programs in order to build an automated claims processing system, according to an Inspector General report released this week.   Business: Gulf arms race fuels UAE push for defense industry - Soaring...
 
 

News Briefs March 6, 2015

Man charged with theft of military documents seeks release An engineer who worked for a defense contractor who’s been charged with attempting to travel to China with stolen documents on the development of advanced titanium for U.S. military aircraft is asking a judge to free him while he awaits trial. A hearing on Yu Long’s...
 
 

Headlines March 4, 2015

News: Pentagon: Another BRAC will save money - Pentagon planners have a new pitch to lawmakers skeptical of a fresh round of base closings: We promise we’ll save money this time.   Business: China’s new C919 will begin test flights this year - China’s new superjet will take to the skies for the first time later this...
 

 

News Briefs March 4, 2015

General: 8,500 Islamic State fighters killed in Iraq so far The U.S.-led military coalition in Iraq has killed more than 8,500 Islamic State fighters since its bombing campaign began in August, the top general overseeing the coalition said March 3. Army Gen. Lloyd Austin, the commander of U.S. Central Command, said the Islamic State, which...
 
 

Headlines March 2, 2015

News: Israel lobbies for more missile defense funds than Obama sought - For the second consecutive year, Israeli officials have asked the U.S. Congress to add more than $300 million to President Barack Obama’s budget request for their nation’s missile-defense programs.   Business: Inside one of the most intense, and unusual, Pentagon contracting wars - The much-anticipated...
 
 

News Briefs March 2, 2015

Italy resumes Navy exercise amid new tensions over Libya The Italian Navy is resuming exercises in the Mediterranean Sea, including near the coast of Libya, amid concerns about rapidly deteriorating security in the North African nation. The exercise began March 2 and includes anti-submarine, anti-aircraft and anti-ship training operations. The exercise was suspended for a...
 




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