Archive: Market Sectors

New Report Says China Builds Military Because U.S. Does So

China is expanding its military forces immensely because it wishes to counter a rapid military modernization in U.S. forces, according to a new 582-page report by the Army War College and the National Bureau of Asian Research. The report, with a dozen chapters by various authors, predicts that China will continue building up its forces […]

Administration Forwards U.S.-U.K. Military Trade Treaty To Senate

By Jen DiMascio The administration on Sept. 20 submitted to the Senate Foreign Relations Committee an agreement to loosen trade restrictions on military equipment between the U.S. and the U.K. The agreement would create an exemption International Traffic in Arms Regulations for military hardware and software being used to facilitate cooperation between the U.S. and […]

Contracts

NASA Gives Contract Change To European Space Agency NASA has awarded a $27.5 million contract change to the European Space Agency Space Technology Center for further engineering on the International Space Station Node 2 and 3 modules. The contract modification extends the current contract to reflect adjustments made to the station assembly manifest and to […]

Senators Support Amendment To Block B-52 Fleet Cuts

By Jen DiMascio Senators last week approved an amendment that blocks the Pentagon’s plan to reduce the number of B-52 bombers in its fleet. The Pentagon has been trying to reduce its bomber fleet for years to save money to modernize remaining bombers. The Defense Department position was articulated in the 2006 Quadrennial Defense Review, […]

Department Of Defense Lacks Funds Required For Adequate Performance

Even before the baby boom generation retires and begins using expensive Social Security and medical programs, the Department of Defense is sorely underfunded, according to a report from The Heritage Foundation, a conservative Washington think tank. Pentagon needs for everything from missile defense to combat operations, from procurement of weapons systems to personnel costs, require […]

Huge Surge In Sunspots To Begin In March, Peak In 2012

A huge surge in highly charged sun spots eruptions could begin in just half a year and persist from next March until a peak in 2012, according to a Wall Street Journal report. The fear is that the solar storms could inflict damage on satellites, electrical power grids and more, to an extent even greater […]