Space
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Business/FinancialTauscher, Skelton, Condemn North Korea For Missile Launch, But They Still Appear Poised To Slash Missile Defense Programs
Their Comments Come As Obama, Gates, Seen Likely To Slash Or Kill Some Missile Defense Programs In Fiscal 2010 Budget Plan Republicans Strongly Oppose Any Move To Gouge Missile Defense […]
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CongressNASA Inspector General Cobb Resigns; Rockefeller, Gordon, Miller All Welcome His Long-Sought Departure
Robert W. Cobb, the long-embattled NASA inspector general, resigned under pressure from several Senate and House lawmakers who earlier had slammed his performance in office and requested that he be […]
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Business/Financial
Congressional Reaction To Gates Budget Plan Ranges From Noncommittal To Incredulous, With Missile Defense Cuts Drawing Opposition
Congressional reaction to the new budget plan by Secretary of Defense Robert Gates ranged from polite but reserved, to strident condemnation, especially in his plans to cut some missile defense […]
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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
Critics Detail Arguments Attacking Missile Defense, Military Procurement Programs, In Congressional Testimony
Assumptions: No One Would Dare Launch Missile At United States; Missile Defense Is Expensive Critics Say There Is No Complete Guarantee That Missile Defense Systems Will Work A House panel […]
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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
Experts Refute Critics’ Assertions Leveled Against Missile Defense
Three panels of experts put down critics’ allegations that missile defense programs don’t work or have other shortcomings, allegations that are being used by some leaders in Washington to underpin […]
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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
Raytheon: Low Cost Is NCADE Sales Point In Tough Fiscal 2010 Defense Budget; Cuts Looming
Raytheon Co. [RTN] will use the relatively low cost of the Network Centric Airborne Defense Element (NCADE) to help sell it to the Missile Defense Agency (MDA) and Congress in […]
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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 […]