Author Archives: DDN

Defense Watch: Kyl Exit, Inhofe Stock, New LMT CFO, FLOTUS V-22

Kyl Leaving Senate in 2019. Sen. Jon Kyl (R-Ariz.) will leave the Senate at the end of 2018, according to a Dec. 12 letter to Arizona Governor Doug Ducey. Kyl, who was nominated to the state’s junior Senator seat following the August death of Sen. John McCain, never intended to fill in for the remainder […]

Weekly Roundup [11/18/2013 – 11/24/2013]

November 25, 2013 Here are the programs that made the biggest news this past week: F-35 scores big international victory — In a dramatic turnaround in what was a crushing defeat for Lockheed Martin just a few months ago, multiple news outlets have reported that the South Korean government will purchase 40 F-35s with the […]

Weekly Roundup [11/11/2013-11/17/2013]

November 18, 2013 Here are the programs that made the biggest news this past week: 10th DDG probably safe — Those who are concerned about sequestration and the continuing resolution threatening the Navy’s plan to buy 10 destroyers over the next five years can probably breathe a sigh of relief. InsideDefense reported last week that […]

Lockheed Martin To Take $175 Million Charge In New Round Of Job Cuts

Faced with continuing federal spending cuts, defense contract Lockheed Martin [LMT] yesterday said it plans to cut 4,000 jobs by mid-2015, an action that will result in a pre-tax charge of $175 million in the fourth quarter of 2013. The company also said the workforce reductions combined with plans to consolidate several of its facilities […]

Weekly Roundup [11/04/2013-11/10/2013]

November 12, 2013 Here are the programs that made the biggest news this past week: LCS Freedom’s troubles continue — Yet another issue has cropped up with the first Littoral Combat Ship to set sail, the USS Freedom (LCS-1). This time, the problem was with the ship’s steering — a relatively simple problem to fix, […]

Lawmakers: Shutdown More Harmful To Military Than Sequestration, Summer Furloughs

As damaging has sequestration has been to the military, with its arbitrary cuts causing backlogs of maintenance, administrative work and more, the government’s shutdown could prove more damaging if it is not ended soon, House Armed Services Committee member Rep. Joe Courtney (D-Conn.) said. Courtney said Oct. 2 that he had been in touch with […]

Prime Contractors Believe They Can Limit Near-Term Impact of Shutdown

Defense contractors say it is hard to determine this early on how their programs will be affected by the ongoing government shutdown, but they seem to believe they can continue working as planned throughout the shutdown, building ships, aircraft and weapons systems for the military. Huntington Ingalls Industries [HII] spokeswoman Beci Brenton said the company […]

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EADS North America Restructures Senior Leadership Team

The North American division of the European Aeronautic Space and Defence Co. (EADS) recently said it has restructured its senior leadership to better leverage the experience of its executive team and boost their responsibility. “This management restructuring will unlock the significant talent and broad experience of our executive team as well as create a stronger […]

Marine Corps Receives First F-35B Variants For Training

The Marine Corps has received its first two F-35Bs for its fighter training squadron at Eglin AFB, Fla. The 33rd Fighter Wing, Marine Fighter Attack Training Squadron 501, took the Marine Corps version of the Joint Strike Fighter (JSF). The F-35Bs feature a short take-off and vertical landing (STOVL) capability. The training squadron now has […]