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December 28, 2013

Headlines December 28, 2013

News:

Obama signs defense law, calls it a ‘welcome step’ toward closing Guantanamo Bay prison -

President Obama signed a sweeping defense policy law Dec. 26 that cracks down on sexual assault in the military and eases restrictions on transferring detainees from the military prison at Guantanamo Bay, Cuba, to the custody of foreign countries.

Boeing 777X exit threat leaves Washington facing bond rating cut -

Washington State faces a credit downgrade, higher borrowing costs and the loss of jobs and tax revenue should Boeing decide to move production of its new 777X jetliner to another state.

 

Business:

Raytheon leads defense rally with Lockheed at high -

Raytheon leads top defense stocks that are hitting new highs Dec. 26 after the company announced it received an addition to an earlier deal with the Navy.

Emirates, Airbus sign $23 billion deal for 50 A380 aircraft -

Emirates Airline has signed a firm agreement with Airbus for 50 additional A380s worth $23 billion, taking forward a deal that was announced at the 2013 Dubai Airshow.

Bombardier secures orders for 10 Challenger business jets -

Bombardier Aerospace announced Dec. 24 that it has received a firm order for 10 Challenger business jets from an undisclosed customer. The order includes five Challenger 300 jets and five Challenger 605 jets. The transaction is valued at approximately $280 million US, based on the 2013 list price for typically equipped aircraft.

 

Defense:

Relocation of Marine base on Okinawa wins local approval -

Japan won local approval Dec. 27 to begin the relocation of a controversial U.S. Marine base on the island of Okinawa, a move that officials in Washington hailed as a major diplomatic breakthrough.

For military, benefits and reform are challenge -

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 don’t want their benefits cut.

Senate to block ICBM cuts -

The Pentagon is facing strong opposition from Congress to an environmental study of Minuteman III missile silos that is needed before 50 land-based strategic missiles can be deactivated under President Obama’s disarmament agenda.

New Navy simulator helps shape tomorrow’s warships -

A revamped Navy facility is making waves to see how ships fare in the unpredictable conditions out on the ocean.

Officials unveiled the new maneuvering and seakeeping, or MASK, facility at Naval Surface Warfare Center Carderock, Md., on Dec. 19, which simulates the kinds of waves sailors might encounter underway and tests how ships would handle them.

 

International:

China says satellite network to be big asset, others can use it too -

China’s homegrown satellite navigation system will bring untold economic, social and military benefits and other countries in Asia are welcome to use it, the director of China’s satellite navigation agency said Dec. 27.

Russia bets on sweeping reform to revive ailing space industry -

From rocket-shaped playground equipment to faded murals of cosmonauts, mementos of the heyday of Soviet space exploration are scattered around this sand-swept town that launched Yuri Gagarin into orbit in 1961.




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Headlines December 19, 2014

News: SpaceX’s attempt to land rocket on floating barge postponed - It’s set to be one of the most groundbreaking moments in humanity’s six decades of space exploration. Obama signs $1.1 trillion spending bill into law - President Obama signed the $1.1 trillion federal spending measure into law Dec. 16, officially ending any threat of a government...
 
 

News Briefs December 19, 2014

Trial set for ex-Navy engineer in military secrets case A former Navy civilian engineer is scheduled to stand trial next summer on charges of trying to steal aircraft carrier schematics. Media outlets report that 35-year-old Mostafa Awwad of Yorktown, Va., pleaded not guilty Dec. 17 to two counts of attempted exportation of defense articles and...
 
 

Lockheed to settle suit over retirement accounts

Lockheed Martin agreed Dec. 16 to settle a federal class-action lawsuit accusing the aerospace and defense behemoth of mismanaging the investment accounts of its employees and retirees, charging the investors high fees along the way. The tentative deal announced in federal court in Illinois’ East St. Louis averted an anticipated four-week trial in the 8-year-old...
 

 

Headlines December 17, 2014

News: U.S. Air Force tanker platform slated for year-end debut - Boeing is planning for first flight of its 767-2C – upon which the U.S. Air Force’s new KC-46 tanker will be based – by year’s end, six months late. Northrop Grumman wins $657.4 million deal to supply drones to South Korea - Northrop Grumman has won...
 
 

Headlines December 15, 2014

News: Defense authorization bill heads to White House - Senate lawmakers finalized work on the $584.2 billion annual defense authorization bill Dec .12, putting in place a 1 percent pay raise for troops starting in January and limiting growth in housing allowance rates. Senators make final push for vets suicide-prevention bill - An effort to get a...
 
 

News Briefs December 15, 2014

Official: Afghan insurgents kill two U.S. troops An international military official has told The Associated Press that an insurgent attack on a convoy in eastern Afghanistan has killed two U.S. troops. The official says the attack happened by the Bagram air base in Parwan province near the capital, Kabul, late Dec. 12. The official spoke...
 




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