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 November 21, 2014

News: Dempsey lays groundwork for larger 2016 defense budget - The top U.S. military official on Wednesday made the case for growing the base defense budget significantly over the $535 billion spending cap imposed by Congress for fiscal 2015.   Business: Boeing can bill $61 million that Pentagon withheld for months - The Pentagon withheld $60.5 million...
 
 

News Briefs November 21, 2014

Obama aide: U.S. should look at Ukraine military aid A senior aide of President Barack Obama says he believes the U.S. should consider giving Ukraine lethal, defensive military assistance to get Russia to think twice about its destabilizing behavior. Tony Blinken, the deputy national security adviser, cites serious violations by Russia of agreements not to...
 
 
Air Force photograph by SrA. Divine Cox

Kunsan AB hosts Exercise Max Thunder 14-2

Air Force photograph by SrA. Divine Cox A South Korean air force F-15 Strike Eagle lands Nov. 17, 2014, during Max Thunder 14-2 at Kunsan Air Base, South Korea. U.S. Air Force, Army, Marine Corps and Navy personnel and aircraft...
 

 
LM-facility

Lockheed Martin opens Surface Navy Innovation Center

Lockheed Martin has opened the Surface Navy Innovation Center in Moorestown, N.J., to support the development of new technologies for the U.S. Navy. The SNIC is a research, development and demonstration facility that brings tog...
 
 
raytheon-test

Raytheon successfully demonstrates integrated electronic warfare capabilities

EL SEGUNDO, Calif. – Raytheon, in collaboration with the U.S. Navy, successfully demonstrated an end to end, first of its kind, integrated electronic attack system during flight tests at the Naval Air Weapons Station Chi...
 
 

Three bases identified as F-16 aggressor candidate bases

U.S. Air Force photo by Tech. Sgt. Joseph Swafford Jr. A U.S. Air Force F-16 Fighting Falcon fighter aircraft assigned to the 18th Aggressor Squadron lands at Eielson Air Force Base, Alaska, Oct. 6 during RED FLAG-Alaska 15-1. RF-A is a series of Pacific Air Forces commander-directed field training exercises for U.S. and partner nation...
 




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