Andrea's Feed
Sep 18, 2013

Affordability is R&D focus for arms industry: executives

NATIONAL HARBOR, Maryland (Reuters) – The single biggest driver for research and development in the U.S. arms industry is not a hot area like unmanned weapons, cyberspace, or surveillance, but the need to make systems affordable, executives and defense officials say.

Top U.S. defense officials are pressing industry to chip in more of its own funds for new projects and to make weapons more quickly and at lower cost.

Sep 18, 2013

Affordability is biggest R&D focus for arms industry -executives

, Sept 18 (Reuters) – The single biggest
driver for research and development in the U.S. arms industry is
not a hot area like unmanned weapons, cyberspace, or
surveillance but the need to make systems affordable, executives
and defense officials say.

Top U.S. defense officials are pressing industry to chip in
more of its own funds for new projects and to make weapons
systems more quickly and at lower cost.

Sep 17, 2013

Pentagon says not worried about F-35 costs/orders ‘death spiral’

NATIONAL HARBOR, Maryland (Reuters) – The Air Force general who runs the Pentagon’s $392 billion F-35 program on Tuesday said he was fairly optimistic the new Lockheed Martin Corp fighter jet would survive the next round of U.S. budget cuts, but said he was determined to continue lowering its cost.

Air Force Lieutenant General Chris Bogdan told the annual Air Force Association conference the F-35 program was making slow but steady progress, and that he saw strong continued support from the U.S. military services and foreign partners.

Sep 17, 2013

Exclusive: Belgium considers Lockheed F-35 to replace F-16s – source

WASHINGTON (Reuters) – U.S. government officials have briefed the Belgian government about the capabilities of the Lockheed Martin Corp (LMT.N: Quote, Profile, Research) F-35 fighter jet, as Brussels prepares to replace its aging fleet of 60 F-16s, a source familiar with the matter told Reuters on Tuesday.

The source, who was not authorised to speak publicly, said Belgium was considering buying 35 to 55 of the new radar-evading F-35 jets. No decisions are expected until late 2014 at the earliest after next year’s elections in Belgium.

Sep 17, 2013

Dutch government says to purchase 37 F-35 fighter planes

AMSTERDAM/WASHINGTON (Reuters) – The Netherlands said it will buy 37 F-35 Joint Strike Fighter planes and may order more if funds become available, in a decision that should end years of political wrangling over ballooning costs and delays.

The Dutch government’s announcement in its budget for next year was a boost for Lockheed Martin (LMT.N: Quote, Profile, Research, Stock Buzz) and Washington, which had urged the Netherlands in April not to turn to other suppliers because of fears of rising costs in a project that has been blighted by technical faults and delays.

Sep 17, 2013

Dutch to purchase 37 F-35 fighter planes – sources

AMSTERDAM/WASHINGTON (Reuters) – The Netherlands will purchase 37 F-35 Joint Strike Fighter planes, two sources with knowledge of the matter told Reuters on Tuesday, a decision that should end years of political wrangling over ballooning costs and delays.

The decision is a boost for Lockheed Martin (LMT.N: Quote, Profile, Research, Stock Buzz) and Washington, which had urged the Netherlands in April not to turn to other suppliers because of fears of rising costs in a project that has been blighted by technical faults and delays.

Sep 17, 2013

Pentagon cites progress in fixing Lockheed F-35 business system

WASHINGTON (Reuters) – The Pentagon has reduced its withholding of progress payments on Lockheed Martin Corp’s (LMT.N: Quote, Profile, Research, Stock Buzz) F-35 fighter jet program to 2 percent from 5 percent after the company made “significant progress” toward fixing a deficient internal business system, according to a document obtained by Reuters on Monday.

Joe DellaVedova, spokesman for the Pentagon’s F-35 program office, said the action had been taken at the end of August. He gave no details on the exact amount of money affected by the decision by the Defense Contracts Management Agency (DCMA).

Sep 16, 2013

Northrop sees foreign sales opportunities for Global Hawk

NATIONAL HARBOR, Maryland (Reuters) – Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) on Monday said it expects expanded sales of its high-altitude unmanned Global Hawk aircraft, which passed 100,000 flight hours this month, with foreign countries including Canada, South Korea and Japan considering orders.

George Guerra, who oversees Global Hawk and other unmanned high-altitude, long endurance programs for Northrop, told Reuters the company was keeping its “nose to the grindstone” to drive down the production and operating costs of the aircraft.

Sep 16, 2013

U.S. Air Force vows to shield 3 weapons programs from budget cuts

NATIONAL HARBOR, Maryland, Sept 16 (Reuters) – The top U.S.
Air Force official on Monday vowed to protect three weapons
programs from sweeping federal budget cuts: Lockheed Martin
Corp’s F-35 fighter jet, a new refueling plane built by
Boeing Co and early work on a new bomber.

Acting Air Force Secretary Eric Fanning said the Air Force
was convinced of the need to invest in those three programs to
ensure continued U.S. military superiority the future. But he
said other single-mission aircraft programs would likely face
cuts if lawmakers did not reverse a second round of
across-the-board cuts due to hit the Pentagon in fiscal 2014.

Sep 16, 2013

Pratt sees 2.5 pct or more cost cut on next F-35 engines

NATIONAL HARBOR, Maryland (Reuters) – Pratt & Whitney, a unit of United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), on Monday said it expects to drive down the cost of the F135 engines it builds for the U.S. F-35 fighter jet at least 2.5 percent, and perhaps more, in its next two production contracts.

Bennett Croswell, president of Pratt’s military engines business, told Reuters the company was continuing its “war on costs” by streamlining and improving production, signing more long-term agreements with suppliers, and making changes to drive down long-term operating and maintenance costs.