Congress
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Business/Financial
Senate Confirms Lynn To No. 2 Pentagon Post
By Emelie Rutherford The Senate in a 93-4 vote approved yesterday the confirmation of Raytheon [RTN] executive William Lynn to be deputy defense secretary. Sens. Claire McCaskill (D-Mo.), Tom Coburn […]
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Air Force
GAO Pledges To Look Into DoD Heeding of Industrial Base Rule
By Emelie Rutherford The nation’s top auditor told lawmakers yesterday he will look into whether the Pentagon should be placing greater emphasis on the impact on U.S. jobs when planning […]
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Business/Financial
Lynn Confirmation Vote Expected Today
By Emelie Rutherford The Senate is likely to vote today to confirm Raytheon [RTN] executive William Lynn as deputy defense secretary, following weeks of grumbling by Senate Republicans about his […]
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Congress
Coast Guard Ship Funds Axed From Stimulus Bill
By Emelie Rutherford Senators slashed funding for Coast Guard icebreakers and cutters from the economic-stimulus bill likely headed for Senate passage today, dashing hopes for such shipbuilding monies in the […]
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Congress
China Seen Continuing 12 To 18 Percent Annual Defense Spending Increases: Analyst
China likely will continue its explosive 12 to 18 percent increase in military spending, an analyst said. The Asian giant can well afford such outlays, with a national debt equivalent […]
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Business/Financial
Industry Group Proposes Defense Acquisition Reform
The Aerospace Industries Association (AIA) has proposed an outline of changes to the defense procurement system. That system has drawn criticism from lawmakers in Congress, who cite giant increases in […]
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Business/Financial
Boeing Garners $250 Million Missile Defense Contract For Ground-based Midcourse System
The Missile Defense Agency gave The Boeing Co. [BA] a $250 million contract for continued work on the Ground-based Midcourse Defense (GMD) system, the company announced. That one-year pact covers […]
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Business/Financial
Grassley Predicts Senate Confirmation For Lynn, If Senator’s Criteria Met
By Emelie Rutherford The senator posing perhaps the greatest barrier to former lobbyist William Lynn being confirmed to the No. 2 Pentagon post said he will not block the confirmation […]
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Business/Financial
Iran Launches Satellite Into Space; It Reaches U.S. Airspace In 30 Minutes; North Korea Poised For ICBM Capability
Iranian Satellite Launch Uses Rocket Technology Similar To Intercontinental Ballistic Missile White House Expresses ‘Acute Concern’ Toward Iranian Missile Feat; Clinton Critical By Dave Ahearn Two rogue nations are moving […]
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Business/Financial
Analysts Say Czech Republic, Poland Betrayed If Obama Abandons European Missile Shield; U.S. Friendship To Be Seen Worthless
If Iran Gets Nuclear Weapons And ICBM, It Will ‘Go Nuts’ With Aggressive Acts, Not Fearing Any U.S. Or Israeli Response If the United States abandons plans to erect a […]