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November 15, 2013

Headlines November 15, 2013

Business:

Pentagon cuts mean more layoffs for defense giant Lockheed Martin -

Lockheed Martin is cutting 4,000 jobs — 3.5 percent of its workforce — and closing or downsizing several facilities around the country as it grapples with the pressure of declining defense budgets and the recent government sequestration, the company announced Nov. 14.

Lockheed job cuts echo through industry as budget falls -

Lockheed Martin, the biggest contract with the U.S. government, has led the way in what may become a roster of companies shedding employees under pressure from reductions in Pentagon spending.

Ultra Electronics drops after cutting outlook on U.S. slowdown -

Ultra Electronics Holdings Plc fell the most in more than two years after the maker of submarine hunting equipment cuts its full-year sales forecast on delayed government contracts.

Raytheon, Lockheed consider fresh bid for Turkey missile system -

U.S. arms makers Raytheon and Lockheed Martin are considering ways to sweeten their offer to build a Patriot missile defense system for Turkey after Ankara said it could still back away from a provisional $3.4 billion deal with China, sources familiar with the issue said Nov. 12.

 

Defense:

Senate expands public lands for training -

A Senate committee gave unanimous approval to expand the use of public lands for military training, passing three bills that attempt to reach agreements on conflicts involving mining, wilderness trails and private development.

Senators seen narrowing military sex assault bill to win support -

Female senators backing a bill to remove sex assault cases form the U.S. military chain of command say they may limit their proposal to just rape and sex crimes to win support before a showdown vote as early as this week.

 

Veterans:

VA offers dental insurance to vets, some family members -

The Veterans Affairs Department is now offering dental insurance to veterans enrolled in VA health care and to some family members of vets.

 

International:

Japan to tap technology for military use, another step away from pacifism -

Japan is finalizing a budget for a new command center for cutting edge research modelled after the U.S. Defense Advanced Research Projects Agency to try to tap a broad swathe of civilian technologies with potential military use.




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Headlines October 24, 2014

News: U.S., South Korea delay transfer of wartime control - The U.S. and South Korea have delayed transferring wartime operational control of allied forces by taking on a “conditions-based approach” and scrapping the previously set deadline of 2015.   Business: Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets - Lockheed Martin and U.S. defense...
 
 

News Briefs October 24, 2014

French moving troops toward Libyan border A top French military official says the country is moving troops toward the Libyan border within weeks and, along with U.S. intelligence, is monitoring al Qaeda arms shipments to Africa’s Sahel region. A French base will go up within weeks in a desert outpost just a hundred kilometers (60...
 
 
Navy photograph

Navy to commission submarine North Dakota

Navy photograph The PCU North Dakota (SSN 784) during bravo sea trials. The crew performed exceptionally well on both alpha and bravo sea trials. The submarine North Dakota is the 11th ship of the Virginia class, the first U.S....
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 




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