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Business/Financial

Authorities Accuse EADS Executives Of Insider Trading

DDN

Monday, April 7th, 2008

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French securities market authorities have alleged that European Aeronautic Defence and Space Co. executives engaged in insider trading involving stock options, during 2005- 2006. The charges include breach of market information duties and breach of insider trading rules. Allegations surround advance knowledge of troubles with delayed deliveries of the A380 jumbo jet made by Airbus, an EADS subsidiary. "In the first step of what is likely to be a long process, the [French authorities have] considered that the elements gathered…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]