Business/Financial
-
Business/FinancialSenate Anti-Sequestration Plan Could Seek Fed Workforce Savings
Republican senators fighting potential defense-spending reductions triggered by failed budget negotiations are finalizing legislation that may try to offset initial Pentagon cuts with savings from attrition in the federal workforce. The […]
-
ArmyBoeing Taps Three Canadian Firms To Support New Canadian Chinook Helicopters
Boeing [BA] yesterday said it has selected three Canadian firms to receive the first group of work packages for in-service support of 15 Boeing CH-47F Chinook helicopters, designated CH-147F for […]
-
Army
Northop Grumman To Continue Sustaining C-RAM Systems
Northrop Grumman [NOC] yesterday said it received a $122 million contract to install and sustain Counter-Rocket, Artillery and Mortar (C-RAM) systems at forward operating bases (FOBs) in Afghanistan and Iraq. […]
-
Business/Financial
Sweden Extends Gripen Cooperation With Hungary Another Decade
Sweden and Hungary yesterday signed a new contract to continue operating Gripen fighter aircraft another 10 years, until 2026. Saab, a Swedish defense and security company, said Hungary made the […]
-
Army
Lockheed Martin Receives $921 Million in Patriot PAC-3 Work
Lockheed Martin [LMT] yesterday said it received contracts totaling $921 million for hardware and services associated with the combat-proven Patriot Advanced Capability-3 (PAC-3) Missile Segment program. The contract, issued by […]
-
Business/Financial
Sandia National Lab Patents Self-Guided Bullet, Seeks Company Partner
Two Sandia National Laboratories engineers have invented and patented a self-guided bullet that could help warfighters, and now want a private company partner to complete prototype testing and bring a […]
-
Air ForceAlenia North America Appoints Alan Caligari CEO
Finmeccanica’s Alenia North America Inc., yesterday said it appointed Alan Calegari as its Chief Executive Officer. “Alenia North America will continue to grow under the direction of Alan in the […]
Tagged in: -
Air Force
‘Reversibility’ In Budget Said To Impact Industry Multiple Ways
The Pentagon is “quite serious” about applying so-called reversibility to budget decisions that impact the defense industry, a senior official said yesterday. Undersecretary of Defense for Policy Michele Flournoy said […]
-
Army
Icahn’s Move On Oshkosh Corp. Board Thwarted, Early Election Returns Show
Oshkosh Corp. [OSK] Friday said that a challenge by investor Carl Icahn to add new blood to its board has been beaten back based on the preliminary proxies turned in […]
-
Air Force
Lockheed Martin Posts Lower Sales, Earnings In Fourth Quarter
Lower sales, higher pension expenses and decreased tax credits led Lockheed Martin [LMT] to report lower profits in its fourth quarter. The company expects sales to decline further in 2012 […]