Archive: Business/Financial


By Geoff Fein Three days after acknowledging a weld problem with its Virginia-class submarines, the Navy yesterday said the issue was not as serious as first thought and all three boats should be ready to go this week. "We have come through the process of clearing the North Carolina (SSN-777) for alpha trials and the […]

Boeing Installs High-Energy Laser On C-130 Aircraft For Technology Demo

Boeing [BA] earlier this month installed a high-energy chemical laser designed to disable ground objects either with lethal and non-lethal power on a modified C-130H transport aircraft in preparation for a series of demonstration flights next year, the company said yesterday. The company’s activities fall under the Advanced Tactical Laser (ATL) advanced concept technology demonstration […]

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Roles and Missions Study To Address Control Over Cargo Aircraft Program

By Jen DiMascio The House is likely to vote this week on a bill that authorizes the Defense Department to spend $507 billion during this fiscal year. The wide-ranging bill that sets new policies in terms of acquisition and wartime contracting also mandates the start of a Pentagon-wide roles and missions study that may help […]

Defense Watch

The Latest Word On Trends And Developments In Aerospace And Defense Anything But Iraq. House Speaker Nancy Pelosi (D-Calif.) said last week said that before the end of the congressional session Democrats were likely to include defense funding in an omnibus spending bill that would be considered before the end of the year. "There probably […]

Conference Authorizers Give Nod To Multiyear CH-47 Chinook Procurement

By Ann Roosevelt The Boeing [BA] CH-47 Chinook helicopter program would benefit from congressional authority for multiyear procurement authority and D-to F-model conversion recommended in the Conference Report on the National Defense Authorization Act for Fiscal Year 2008. "It provides to the government, the Army and the taxpayers a significant benefit in the savings they […]

Boeing Gets New $64 Million SBInet Task Order

The Department of Homeland Security (DHS) said on Friday that it is awarding Boeing [BA] a $64 million task order to design, develp and test an upgraded situational awareness software system that will be used by Border Patrol command centers and agent vehicles as part of the Secure Border Initiative (SBInet) virtual fence the company […]

Weld Issue Restricts

By Geoff Fein The Navy, General Dynamics [GD] and Northrop Grumman [NOC] are inspecting welds on all Virginia-class submarines after discovering a weakness in the process associated with non-nuclear piping welds, the Navy said Friday. "The Navy, Northrop Grumman Newport News, and General Dynamics Electric Boat are conducting a detailed assessment of completed welds through […]

Global Linguist Solutions Prevails Over L-3 In Multi-Billion Army Linguistics Contract

By Ann Roosevelt The Army Dec. 7 reaffirmed its initial decision, later overturned by a protest and recompeted, to award a contract valued at more than $4.6 billion for management of translation and interpretation services in support of Operation Iraqi Freedom (OIF) to Global Linguist Solutions LLC (GLS) over L-3 Communications [LLL]. GLS is a […]

Kuwait Seeking PAC-3 Missiles, Upgrades

Kuwait has requested a possible $1.36 billion sale of 80 PAC-3 missiles, PAC-2 missile upgrades to GEM (Guidance Enhanced Missile)-T, and Patriot ground support equipment upgrades as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported. Along with the PAC-3 missiles, Kuwait is looking to buy Patriot GEM-T Modification Kits to […]