In the news...

December 24, 2013

Headlines December 23, 2013

Business:

Why acquiring Beechcraft would be great for Textron, Inc. -

Textron investors were left smiling Dec. 20, when shares of the defense and aerospace conglomerate jumped more than 14 percent following an encouraging bit of acquisition news from the folks over at the Financial Times.

Navy orders more JSOW Glide Bombs from Raytheon -

The Department of Defense announced 37 new defense contracts Dec. 20, worth a combined $2.2 billion in total value. One of the biggest winners of the day was Raytheon , winning five of the contracts on offer for a combined $122.3 million.

Boeing names Muilenburg COO to line up cost cutting No. 2 -

Dennis Muilinburg whose promotion Dec. 17 put him in line to be Boeing’s next chief executive officer, spent the last four years drafting strategy on the fly as U.S. budget cuts threatened the $33 billion defense and space unit he headed.

BAE faces Eurofighter order drought as Middle East wanes -

BAE Systems had its biggest drop in more than a year after saying talks to sell the Eurofighter Typhoon combat jet to the United Arab Emirates have ended and that negotiations with Saudi Arabia are dragging out.

Pentagon, suppliers draft plan to lower F-35 costs -

The U.S. Defense Department and top suppliers on the $392 billion F-35 fighter program are developing a plan to drive down the cost of the Pentagon’s most expensive weapons program, the head of engine maker Pratt & Whitney told Reuters.

Lockheed wins $562 million contract to modify F-22 fighter -

Lockheed Martin has won a contract valued at up to $562 million to provide nine months of support, logistics and modifications for the stealthy F-22 fighter jet, the Pentagon announced Dec. 20.

Lost Brazil order raises threat to Boeing fighter jets -

Brazil’s decision to buy Swedish fighter jets instead of F/A-18 Super Hornets from Boeing eliminates its most promising foreign sales prospect just as the U.S. company faces critical decisions about extending the jet’s production line past 2016.

How U.S. spying cost Boeing multi-billion dollar jet contract -

Dilma Rousseff was thoroughly charmed. Brazil had been struggling for years to decide which company to choose for a $4 billion-plus fighter jet contract, one of the world’s most sought after defense deals and one that would help define the country’s strategic alliances for decades to come.

 

Defense:

Army’s new laser weapon can shoot down mortars, drones -

The Army has successfully tested a futuristic laser weapon capable of shooting football-sized mortar rounds and unmanned drones out of the sky. The truck-mounted weapon, known as the High Energy Laser Mobile Demonstrator is still about a decade away from becoming an operational part of the Army’s arsenal, but gives a hint at what a weapon of the future could look like.

Pentagon to review case of Marine who defied general in Taliban defilement case -

A Marine Corps whistleblower says the Pentagon is investigating whether higher-ups retaliated against him for filing complaints against the Marine commandant.

Robert O. Work to be named Pentagon’s No. 2 official -

Robert O. Work, a former top Navy official, is the leading candidate to become the next deputy defense secretary. A source close to the confirmation process said congressional staffers have been told to prepare for his Senate nomination, which could run into tough questioning.

Pentagon fights effort to put U.S. sneakers on recruits -

The Pentagon may have boxed out new Balance Athletic Shoe Inc.’s efforts to put American-made sneakers on the feet of military recruits.

 

Veterans:

Outrage among veterans grows over Obama military pension cuts -

The Pentagon’s top civilian says it’s time to tame burgeoning military personnel costs, but he’s facing a test of wills with the nation’s powerful veterans groups, which want no cut in their benefits.

 

Space:

Special Report: In satellite tech race, China hitched a ride from Europe -

Chinese leader Xi Jinping has exhorted the People’s Liberation Army “to get ready to fight and win wars” and “to win regional warfare under information technology-oriented conditions.”

 

International:

China vs. Japan: Will Boeing’s new submarine-destroying jet get battle tested? -

Japan and China are anything but friendly, but tensions escalated further following China’s recent declaration of a maritime air defense zone over the East China Sea. This move also increased tensions between China and the U.S., and Defense Secretary Chuck Hagel said the U.S. military won’t adhere to the guidelines of the Chinese-described air-defense zone.

United Kingdom: David Cameron’s Typhoon debacle a sign of Britain’s declining Arabian influence -

BAE Systems and Prime Minister David Cameron did their best to sell the Eurofighter Typhoon to the United Arab Emirates. The single-seat fighter, which represents the very best of British military technology, was heavily showcased at recent air shows in Dubai and Doha in Qatar.




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Headlines October 20, 2014

News: Navy grounds ‘Top Guns’ - The F/A-18s needs spare parts and in too many cases they’re being taken from brand new jets. This is a risk to national security and pilots’ lives.   Business: Boeing seeks revised schedule for U.S. aerial tanker - Boeing is revising its master schedule for developing the new U.S. Air Force...
 
 

News Briefs October 20, 2014

New military medical team to help with Ebola in U.S. Defense Secretary Chuck Hagel has ordered the military to prepare and train a 30-member medical support team that could provide short-term help to civilian health professionals if there are more Ebola cases in the United States. His spokesman, Rear Adm. John Kirby, says the team...
 
 
Boeing photographs

Boeing-built X-37B successfully completes third flight

Unmanned spacecraft concludes record-setting 674-day mission   Boeing photograph A third mission of the Boeing-built X-37B Orbital Test Vehicle was completed on Oct. 17, 2014, when it landed and was recovered at Vandenberg...
 

 

Headlines October 17, 2014

News: Turkey OK’s American drones to fight ISIS - Turkey is now allowing the U.S. to launch unmanned aircraft to fly over Syria. But so far, traditional warplanes are out of the question. New Ingalls boss focusing on cost performance, agility - Brian Cuccias has been in the Gulf Coast shipbuilding business for 35 years, working for...
 
 

News Briefs October 17, 2014

AM General laying off 60 from Indiana factory A company spokesman says AM General is laying off about 60 workers from the northern Indiana factory where it builds military vehicles. Company spokesman Jeff Adams says the layoffs are being made because of production schedule changes at its Military Assembly Plant in Mishawaka. Adams tells the...
 
 

Headlines October 15, 2014

Business: Lockheed says makes breakthrough on fusion energy project - Lockheed Martin said Oct. 15 it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready for use in a decade. Pentagon announces contract agreement...
 




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