Navy/USMC

Textron– [TXT] subsidiary Bell Helicopter qualified BAE Systems’ Advanced Precision Kill Weapons System (APKWS) for use on its 407GT helicopter after completing guided shots, according to a BAE statement. A […]

The Navy has released more than $1.3 billion in funding for the construction of four Littoral Combat Ships, two each to prime contractors Lockheed Martin [LMT] and Austal USA. The […]

The Navy says it is moving to renegotiate a contract for long-lead materials for a Virginia-class submarine planned for fiscal 2014 to cope with automatic budget cuts that took effect […]

Lockheed Martin [LMT] has won the Navy’s competition to modernize the Aegis Combat System, outdueling Raytheon [RTN] and Boeing [BA] to strengthen its grip on a program potentially worth billions […]

The F-35 Joint Strike Fighter jet has been cleared to resume operations after being grounded last week due to a crack in an engine turbine blade, the F-35 Joint Program […]

The USS Freedom (LCS-1) departed San Diego on Friday en route to Singapore for an eight-month deployment and the first major oversees operation for the first of the Navy’s Littoral […]

The impact of existing and looming budget cuts facing the Defense Department from an ongoing budget resolution and sequestration in FY ’13 alone would have a severe impact on some […]

The nominee for the Pentagon position of deputy acquisition chief heard plenty of complaints about the struggling F-35 Joint Strike Fighter program during his Senate confirmation hearing yesterday. Senators John […]

Huntington Ingalls Industries [HII] yesterday reported lower fourth quarter net income due to higher workers compensation and tax expenses while sales increased due to gains at both of the company’s […]

The National Steel and Shipbuilding Company (NASSCO), which builds and maintains Navy ships, has informed hundreds of workers that they could start losing their jobs by the end of April […]