Business/Financial
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Business/FinancialObama, Medvedev Still At Odds Over European Missile Defense
President Obama and Russian President Dmitry Medvedev remain divided over a U.S. plan to construct a European Missile Defense system to protect Europe and the United States against missile attack […]
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Business/Financial
Missile Defense Indispensable Because Some Nuclear Powers Cannot Be Deterred By Threat Of Mutual Assured Destruction
Northrop Grumman White Paper Says New Situation Has Evolved, Cold War Strategy No Longer Viable Rogue states now acquiring nuclear weapons capability and missile delivery systems can’t be deterred from […]
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Business/Financial
National Space Symposium: Raytheon Offers Responder: New Sensors For Rapid Use On Satellites
Raytheon Co. [RTN] unveiled its Responder product, a rapidly deployable interchangeable, mission-specific sensor payload for satellites. The move comes as many military officers and analysts worry that some potential enemies […]
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Business/Financial
AIA Pushes For Easing Export Controls On Satellites; Group Alleges Rules Are Damaging Space Industrial Base
The Aerospace Industries Association once again criticized export controls on sensitive technologies that might have military applications, saying those controls harm the space industrial base. AIA President and CEO Marion […]
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Business/Financial
Group Reports That Prosecution Cases Against Defense Contractors Declined Even As Procurement Outlays Increased
The number of potential prosecution cases against defense contractors fell 76 percent from fiscal 1993 to fiscal 2008, even as procurement spending roughly doubled to $400 billion in the fiscal […]
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Business/Financial
Northrop Grumman Announces Offsetting Settlements With DoJ
Northrop Grumman [NOC] on Thursday evening announced two legal settlements with the Department of Justice (DoJ), one that requires the company to make a $325 million payment and the other […]
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Business/Financial
Northrop Pays $325 Million To Settle TRW Whistleblower Case; Northrop Also Wins $325 Million Missile Cancellation Fee
Northrop Grumman Corp. [NOC] paid $325 million to settle a whistleblower case involving faulty military satellite parts involving TRW Inc. before Northrop bought that company in 2002, while at the […]
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Business/Financial
Raytheon Gains Air Force Contract For Up To 450 Maverick Missiles Upgrades
The Air Force gave Raytheon Co. [RTN] a contract to upgrade guidance and control sections for the air-to-ground Maverick missile. "The military is successfully employing laser-guided Mavericks against moving targets […]
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Business/Financial
GAO Criticizes Some Space Programs
The Government Accountability Office (GAO) criticized several space programs on cost and other criteria. They were among many defense procurement programs that have run a combined total $296 billion over […]
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Business/Financial
Boeing Bloodied As Gates Proposes Slashing Missile Defense Programs In Budget Proposal
Boeing ABL: No More Planes; Boeing GMD: No More Interceptors; Boeing EMD: Coasting On Old Funds Gates Plan Cuts 14 Percent Of MDA Funds; Aegis-Standard Missile Program Does Well, As […]