Archive: Market Sectors


Boeing Submits GOES R Proposal To NASA For Two Satellites The Boeing Co. [BA] submitted a proposal to NASA to produce two next-generation Geostationary Operational Environmental Satellites, known as the GOES R series, for the National Oceanic and Atmospheric Administration (NOAA). The company received a GOES R risk-reduction contract from NASA in 2005. Boeing builds […]

U.S., Czech, Polish Figures See Agreement Soon On European Missile Defense Sites

The Czech Republic and Poland likely will agree soon to host the European installation of the Ground-based Midcourse Defense (GMD) system, according to senior American, Czech and Polish officials. Those predictions came from John C. Rood, assistant U.S. secretary of state; Petr Kolar, the Czech ambassador to the United States; and Wojciech Flera, charge d’affaires […]

Analyst: Obama Would Be A Nightmare For Defense Programs, Firms; McCain Might Be Better, But He Might Continue Hitting Contractors; Clinton Might Not Be Bad

If Sen. Barak Obama of Illinois wins the Democratic presidential nomination and then goes on to be elected to the White House, the defense industry better brace for tough times, according to Heidi Wood, Morgan Stanley defense analyst. While Sen. John McCain of Arizona, the presumptive Republican presidential nominee, might be better, with his military […]

Bush To Meet With Putin Over Russian Criticism Of European Missile Defense

President Bush is heading to a meeting with Russian President Vladimir Putin to attempt a resolution of Russian objections to U.S. plans for a ballistic missile defense shield against weapons launched by Iran. Bush, who also is attending a NATO meeting, argues that Iran poses a rising threat, and therefore European nations won’t be safe […]

Rep. Franks Sees U.S. Satellite Shootdown Bolstering Missile Defense

The recent successful U.S. shootdown of a failed intelligence satellite by a ballistic missile defense (BMD) system bolstered support for BMD programs, both in Congress and in the American public, Rep. Trent Franks (R-Ariz.), said. Franks, a strong BMD supporter, spoke to a Missile Defense Agency-American Institute of Aeronautics and Astronautics conference in Washington, D.C. […]

Missile Defense Opponent Sees Its Funding About To Tumble

Funding for ballistic missile defense (BMD) programs will slump, a BMD critic predicted, likening support for missile defense to the home-prices bubble and the sub-prime home mortgage industry that just slumped. Joseph Cirincione, vice president for national security at the Center for American Progress, a think tank, predicted "the second bursting of the missile defense […]

U.S. Issues Final Rule For Travel In Western Hemisphere

The Departments of Homeland Security (DHS) and State last week issued the final rule for travel by land and sea under the Western Hemisphere Travel Initiative (WHTI), mandating June 1, 2009, for new document requirements for entering the United States. The final rule essentially codifies legislative direction from Congress last year stipulating that the land […]

Iraq Requests $1.4 Billion In FMS Equipment

Iraq potentially wants to buy approximately $1.389 billion in Foreign Military Sales of various vehicles, small arms and ammunition, communication equipment, medical equipment, clothing and individual equipment as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) notified Congress March 12. Iraq wants the possible sale of (700) M1151 Humvee armored gun […]

U.K. Defense Budget About $68 billion For 2008-2009, Minister Says

The defense budget in 2008/2009 will be around $68.3 billion, the Minister for Defence Equipment & Support, Baroness Taylor, said March 27. Commenting on a House of Commons Defence Select Committee report on defense equipment in 2008, Tayleo said: “We are in the longest period of sustained real growth in the Defence budget for over […]