Business/Financial
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Business/FinancialChina Is Displaying Nuclear Submarines For First Time; Beijing Orders Increased Patrols In Contested Sea Area
China is displaying nuclear submarines in the port city of Qingdao, a first, according to Xinhua, the official government news agency. The muscle-flexing comes as China is in multiple debates […]
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Business/FinancialBlumenthal: U.S. Competition With China Is Now, Not A Future Development; Gates Plan Responds With Weakness To Rising Chinese Military
Secretary of Defense Robert Gates has proposed a budget plan that will leave the U.S. military weaker, precisely as the Chinese military is growing stronger. And the Sino military already […]
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Business/FinancialIsrael To Buy Vulcan-Phalanx Cannon System If Gates Agrees To Provide A Unit; Raytheon System Would Kill Rockets From Gaza Strip
Israel aims to purchase the Raytheon Co. [RTN] Vulcan-Phalanx close-in air defense systems to kill rockets and mortars launched into Israel by Hamas terrorists in the Gaza Strip, according to […]
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Business/FinancialGOES-R Satellite Costs Jump, Schedule Problems Arise: GAO
NOAA Roasted In House, Senate, On Satellite Oversight Woes Afflicting Costs, Schedules Of Both GOES-R, NPOESS Programs The GOES-R satellite program cost estimates jumped again, to $7.67 billion from an […]
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Business/FinancialTranscript: Sen. Jon Kyl, Senate Minority Whip, On Missile Defense
Sen. Jon Kyl of Arizona, Senate minority whip, spoke before a National Defense University Foundation and National Defense Industrial Association breakfast in Washington at the Capitol Hill Club April 21, […]
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Business/FinancialAirborne Laser In Flight Tests
The Airborne Laser missile defense system has begun flight tests with the entire weapon system integrated aboard the aircraft, The Boeing Co. [BA] announced. Boeing, the prime ABL contractor, contributed […]
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Business/FinancialRaytheon Gains $23.5 Million Contract Change For GPS Ground Station Control Segment Work
The Air Force gave Raytheon Co. [RTN] a $23.5 million contract extension to perform additional risk-reduction activities for the next-generation Global Positioning System Operational Ground Control Segment, or GPS OCX. […]
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Business/FinancialBoeing Unit Advances, But Earnings From United Launch Alliance A Drag
The Boeing Co. [BA] saw its network and space systems unit advance operating margin profit by 7.7 percent, but lower earnings from the United Launch Alliance joint venture with Lockheed […]
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Business/FinancialSAFRAN To Acquire Majority Stake In GE’s Homeland Protection Business
By Calvin Biesecker France’s SAFRAN Group on Friday said it has agreed to acquire 81 percent of General Electric‘s [GE] Homeland Protection business, giving it a portfolio of security products […]
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Business/FinancialSpace Based Infrared Payload Delivered
The payload for the Space Based Infrared System (SBIRS) missile warning system has been delivered. Northrop Grumman Corp. [NOC], a subcontractor, delivered the payload to prime contractor Lockheed Martin Corp. […]