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Business

Boeing 787 Dreamliner makes Norwegian debut in Oslo

Posted May 1, 2012 by

The Boeing 787 Dreamliner landed for the first time in Norway May 1, making Oslo the latest destination on its global Dream Tour. Over the next three days, guests and media invited by Boeing’s airline...

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World

U.S. remains opposed to military action in Syria

Posted May 31, 2012 by by Anne Gearan

Shocking as it was, the massacre of more than 100 Syrian villagers is unlikely to galvanize a military assault like last year’s campaign in Libya to oust Moammar Gadhafi. The killings, however, did provoke the strongest international condemnation the United States and other nations could muster. The U.S. joined more than a dozen nations in…

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World

Norway buys two U.S.-built Joint Strike Fighter jets

Posted June 18, 2012 by

Norway June 15 ordered the first two fighter jets of an expected combined order of 52 from Lockheed Martin's troubled Joint Strike Fighter program as it embarked on a 2008 plan to replace its aging fleet...

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Business

Parker completes acquisition of Olaer Group in United Kingdom

Posted July 5, 2012 by

Parker Hannifin Corporation, the global leader in motion and control technologies, announced July 2 that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Group has annual sales of approximately $200 million and 550 employees. Approximately 88…

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Pacom chief calls Australia key player in regional security

Posted July 13, 2012 by by Donna Miles

Australia has been a staunch U.S. ally for more than 60 years and its leadership will continue to be critical to regional security and the future of the Asia-Pacific, Navy Adm. Samuel J. Locklear III, the top U.S. officer in the region, told reporters in Canberra, Australia, at the National Press Club July 13. Locklear,…

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DOD officials detail defense posture in Asia-Pacific

Posted August 7, 2012 by by SFC Tyrone C. Marshall Jr.

The Defense Department remains focused on building and strengthening defense initiatives in the Asia-Pacific region to reach the goals outlined in the U.S. defense strategic guidance, senior DOD officials said Aug. 1. Robert Scher, deputy assistant secretary of defense for plans, and David F. Helvey, acting deputy assistant defense secretary for East Asia, testified before…

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Germany to take stake as EADS shakes up ownership

Posted December 7, 2012 by Jamey Keaten

European aerospace and defense company EADS announced Dec. 7 a new ownership structure in which Germany is set to join France and Spain as state shareholders – even as overall government influence shrinks at the company. The parent company of plane maker Airbus, the archrival of U.S.-based Boeing, said the deal would eventually give the…

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F-15SE standing alone in South Korean contest

Posted August 21, 2013 by

The Boeing F-15SE Silent Eagle now stands alone as the sole remaining candidate for South Korea’s $7.4 billion F-X Phase 3 fighter aircraft procurement. Forecast International has long viewed the F-15SE as a very strong contender for the F-X Phase 3 fighter procurement. South Korea’s Defense Acquisition Program Administration announced that one of the two…

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Russia, China boost arms spending

Posted April 18, 2012 by by Malin Rising

The global financial crisis hit military spending in the U.S. and Europe last year, while Russia and China kept increasing their spending on weapons, a leading think-tank said April 17. The Stockholm International Peace Research Institute says budget cuts kept worldwide military expenditures nearly flat at 0.3 percent in 2011, marking an end to an…

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Boeing, EVA Air announce order for three 777s

Posted May 8, 2012 by

Boeing and Taipei-based EVA Air May 8 finalized an order for three 777-300ERs (Extended Range) airplanes. The order also includes purchase rights for an additional four airplanes. “The 777-300ER is the flagship of our long-haul fleet and will play an important role in growing our global operations,” said Chang Kuo-wei, president of EVA Air. “The…

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