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Seeking financial efficiencies and a more effective smaller future force, the Army plans to divest older or obsolete aircraft that would cost too much to keep in the inventory, to […]

Bell Helicopter [TXT] May 5 revealed cooperative agreements with three new partners–Meggitt, Eaton [ETN], and Astronics [ATRO]–for the team developing the V-280 Valor, the company’s offering for the Army’s Joint Multi-Role Technology Demonstrator (JMR-TD) […]

Lockheed Martin [LMT] May 5 said it received an $80.6 million production contract for the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (MTADS/PNVS) for the AH-64 Apache helicopter for the […]

Boeing [BA] May 1 said its AH-6i light attack/reconnaissance helicopter has flown for the first time in its production configuration, moving the program another step closer to full-scale production while continuing […]

Lower profits at its Bell segment combined with acquisition and restructuring costs related to its purchase of Beechcraft in March drove earnings down at Textron Inc. [TXT] in the first quarter.  Net […]

A federal judge on May 8 dissolved the temporary injunction issued in the case of Space Exploration Technologies Corp. (SpaceX) v. United States, enabling business to continue between the Air Force, launch […]

Declining budgets for the Air Force Space and Missile Systems Center (AFSMC) are allowing the agency to pursue riskier projects, according to a key official. AFSMC Executive Director David Madden […]

A key lawmaker said she’s deeply troubled with NASA’s budget request and proposed cuts to science programs, including the James Webb Space Telescope.  NASA’s fiscal year 2015 budget request is […]

Raytheon [RTN] has completed testing of a new passive seeker for the Tomahawk cruise missile designed to find and track frequency emitting targets and guide the missile to them, even as […]

Adding some momentum to what has been a slumbering market in mergers and acquisition in the aerospace and defense industry, ATK [ATK] and Orbital Sciences [ORB] on April 29 announced a $5 billion all-stock […]