In the news...

June 4, 2014

Headlines June 2, 2014

Business:

Pentagon seeks $211 million repayment from Pratt for accounting issue -

The Pentagon is seeking $211 million from engine maker Pratt and Whitney for cost accounting problems on contracts dating back to 2005, according to a report released June 3.  

Northrop wins $9.9 billion contract for B-2 bomber sustainment -

Northrop Grumman has won a five-year contract valued at up to $9.9 billion from the U.S. Air Force to modernize and support the B-2 stealth bomber, the Pentagon announced June 4.  

BAE adds suppliers to Type 26 team -

Six equipment suppliers have been added to BAE Systems’ Type 26 design team as Britain’s naval shipbuilder prepares to put the finishing touches to proposals due to be delivered to the Ministry of Defense this summer to build a new fleet of frigates for the Royal Navy.  

Navy altered destroyer upgrades due to budget pressure, demand for ships -

Budget pressure and an insatiable demand for ships capable of bulls eyeing ballistic missiles drove the Navy to alter its plan to upgrade Arleigh Burke guided missile destroyers (DDG-51), officials with the Navy surface warfare policy division (OPNAV N96) told USNI News during a May 29 briefing at the Pentagon.  

Cap on contractor exec salary expanded to all DOD, NASA contractor employees -

A cap on contractor executive salary reimbursement rates will be expanded to include almost all contractor employees under Defense Department and NASA contracts, according to a final rule published in the Federal Register May 30.  

Northrop Grumman wins COCOM contract -

Northrop Grumman has won a five-year, $98 million contract to upgrade the Global Adaptive Planning Collaborative Information Environment.  

Lockheed to deliver first of 36 F-16s to Iraq this week -

Lockheed Martin this week will deliver the first of 36 F-16 fighter jets to Iraq, marking what Baghdad’s envoy to the United States called a “new chapter” in his country’s ability to defend its vast borders with Iran and other neighbors.  

Avio Space could be sold this summer -

After being held up for months, the sale of Italian satellite launcher builder Avio Space could get underway in July and form a key element in a predicted consolidation of the European launcher market, officials have said.  

Indian Navy asks BJP to fund next phase of indigenous carrier build -

The Indian Navy is seeking INR160 billion (US $2.66 billion) over the next 2-3 years from the newly-elected Bharatiya Janata Party government to resume construction of the Project 71 indigenous aircraft carrier. 

India’s Air Force modernization worries rival Pakistan -

The country is on the cusp of a $20 billion deal to purchase nearly 130 Dassault Rafale fighter jets that could be signed within three months, according to media reports. At 1,500 aircraft, the fleet would be 30 percent bigger than its Pakistani counterpart.   

Qatar to buy stake in BMC -

The Qatar Armed Forces Industry Committee has applied to Turkey’s Competition Board to acquire 49 percent of commercial and military vehicle manufacturer BMC from local finance house ES Mali Yatirim (ES Financial Investment), RK announced on its website June 2.  

Lawmakers: Sequestration, end of arms buys could weaken U.S. industrial base -

U.S. House members are worried about the impact of sequestration cuts and the scheduled end of some major weapon buys, warning the dual hit could damage the defense industrial base.  

BMT reveals 5 percent growth in 2013 -

U.K.-based naval design and engineering company BMT Group Ltd has announced 2013 revenues of GBP163.3 million (U.S. $273.6 million) and underlying operating profits of GBP11.3 million in a statement on its financial performance, released June 2.  

Philippine MPA RfP piques interest of four firms -

Four foreign firms have shown interest in a PHP5.976 billion (U.S. $136 million) program to provide two long-range maritime patrol aircraft for the Philippine Air Force.




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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...
 
 
Air Force photograph by Rick Goodfriend

AFRL offering prize for turbine engine development

Air Force photograph by Rick Goodfriend Discover meetings to be held in Ohio on March 24-25. The Air Force Research Laboratory is leading the first Air Force technology prize, issuing a challenge to develop a small, efficient t...
 

 
Lockheed Martin photograph

Lockheed Martin P-3 Orion wing line restarted

Lockheed Martin photograph From left: Peter Hillier, Karen Eilbmeier, and Michael Spurr from the Canada Department of National Defence were on hand to commemorate the reopening of the P-3 wing line at Marietta, Ga.   Lockh...
 
 
Army photograph

Army Research Laboratory lays out science and technology priorities through 2019

Army photograph Dr. Rick Beyer, propulsion science expert, aligns a sample in a Bruker Wide-angle X-ray scattering camera at the Army Research Laboratory in Adelphi, Md. The laboratory recently released its technical implementa...
 
 
Air Force photograph by A1C Dillian Bamman

‘Iron Horse’ sets off for final flight

Air Force photograph by A1C Dillian Bamman Aircraft 62-1863 ‘Iron Horse’, a HC-130P Combat King, rests before takeoff Mar. 3, 2015, at Moody Air Force Base, Ga. Throughout its career, Iron Horse has flown for over 27,000 ho...
 




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