Aerospace Group:

BAE Systems To Pay Fines Under Settlements With U.S., U.K.

DDN

Friday, February 12th, 2010

SHARE:

BAE Systems, the U.S. Department of Justice and the U.K. Serious Fraud office Friday announced settlements in connection with legacy investigations. The agreements will result in payment of a $400 million fine in the United States and about $47 million to the United Kingdom. BAE issued a statement from Chairman Dick Olver on the settlement: "The company very much regrets and accepts full responsibility for these past shortcomings...These settlements enable the company to deal finally with significant legacy issues. In…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]