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Business

Raytheon awarded $108 million for SM-2 production

Posted December 17, 2012 by

The U.S. Navy has awarded Raytheon a $108 million contract for continued production of Standard Missile-2 all-up rounds, a majority of which will be sold to U.S. allies through foreign military sales. This award brings the total fiscal year 2011 contract value to more than $200 million. “The U.S. Navy has committed to supporting SM-2…

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Veterans

Senate moves bill covering fertility care for vets

Posted December 17, 2012 by Kevin Freking

Wounded veterans and their spouses who want to have children could get the government to pay for treatments such as in vitro fertilization under legislation beginning to move through Congress in the waning days of the session. By voice vote, the Senate passed a bill Dec. 13 to update the Veterans Affairs Department’s medical coverage…

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In the news...

Recently awarded contracts……

Posted December 17, 2012 by

General Dynamics awarded $41 million for submarine maintenance, modernization   General Dynamics Electric Boat has been awarded a U.S. Navy contract worth $41 million to perform non-nuclear submarine modernization and maintenance work. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the contract, Electric Boat will continue operating the New England Maintenance Manpower…

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Veterans

Workers say charity gave little money to vets

Posted December 17, 2012 by Kristin M. Hall

A veterans charity already under scrutiny for how it raised hundreds of thousands of dollars in Tennessee handed out only a fraction of the money in the form of gift cards and threatened to fire workers if they didn’t meet fundraising quotas, former employees say. The Stuart, Fla.-based Veterans Support Organization has been criticized by…

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Space

AEHF team completes major integration milestone ahead of schedule

Posted December 17, 2012 by

The U.S. Air Force and Lockheed Martin have integrated the system module for the fourth Advanced Extremely High Frequency satellite six months ahead of schedule. The milestone marks the completion of the first major phase in the satellite’s assembly, integration and test and is a key indicator that Lockheed Martin and the Air Force are…

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U.S.

Georgia launches new effort to protect military bases

Posted December 17, 2012 by Russ Bynum

With nine bases contributing an estimated $20 billion to the state’s economy each year, Georgia has good reason to want to protect its investment in the U.S. military – and good reason to be nervous about the coming years. The state would suffer a share of automatic budget cuts targeting the Pentagon if the president…

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Business

Dempsey warns of sequestration’s potential impact

Posted December 17, 2012 by SFC Tyrone C. Marshall Jr.

The potential impact of sequestration, if it happens, could significantly degrade the Defense Department’s overall readiness for years to come, the chairman of the Joint Chiefs said in Manama, Bahrain, Dec. 13. Army Gen. Martin E. Dempsey was responding to a sailor’s question on the possible effects of the massive budget cuts that could take…

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Business

AMETEK acquires Aero Components International, Avtech Avionics and Instruments

Posted December 17, 2012 by

AMETEK, Inc. announced Dec. 17 the acquisitions of Aero Components International (ACI) and Avtech Avionics and Instruments (Avtech), both privately owned, FAA-certified aviation repair operations located in Miami, Fla. ACI repairs and overhauls fuel, hydraulic, pneumatic, power generation and heat exchanger components and is one of the few independent aviation repair shops with fuel repair…

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In the news...

News Briefs – December 14, 2012

Posted December 14, 2012 by

U.S. military deaths in Afghanistan at 2,035   As of Dec. 11, 2012, at least 2,035 members of the U.S. military had died in Afghanistan as a result of the U.S.-led invasion of Afghanistan in late 2001, according to an Associated Press count. At least 1,698 military service members have died in Afghanistan as a…

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Business

ATK to deliver PERM capability for U.S. Marine Corps 120mm Mortar system

Posted December 14, 2012 by

ATK announced Dec. 13 that it will begin execution of a $14.3 million contract awarded to develop a solution to meet the U.S. Marine Corps’ requirement for a rifled, 120mm, Precision Extended Range Mortar. ATK’s Armament Systems division will serve as the prime contractor to the Marine Corps for the 24-month PERM development program that…

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