Andrea's Feed
May 21, 2015

Lockheed-Boeing rocket venture needs commercial orders to survive

WASHINGTON, May 21 (Reuters) – United Launch Alliance, a
50-50 joint venture of Lockheed Martin Corp and Boeing
Co, on Thursday said it would go out of business unless
it won commercial and civil satellite launch orders to offset an
expected slump in U.S. military and spy launches.

ULA President Tory Bruno said the company must attract those
kind of orders to remain a “viable economic entity” so it is
scrambling to restructure and develop a new rocket that in seven
or eight years could launch satellites twice as fast at half the
current cost.

May 20, 2015

U.S. Navy secretary says paying attention to cyber threats

WASHINGTON, May 20 (Reuters) – The U.S. Navy is working hard
to improve the cyber security of its computer networks and
weapon and communications systems, while bracing for potential
attacks on power grids and fuel supplies, Navy Secretary Ray
Mabus said Wednesday.

Mabus said cyber warfare was a clear threat given Russia’s
use of cyber attacks before its physical invasions of Crimea and
Georgia.

May 20, 2015

U.S. Navy paying ‘whole lot of attention’ to cyber threats -Mabus

WASHINGTON, May 20 (Reuters) – The U.S. Navy is working hard
to improve the cyber security of its computer networks and
weapon and communications systems, while bracing for potential
attacks on power grids and fuel supplies, Navy Secretary Ray
Mabus said Wednesday.

Mabus said cyber warfare was a clear threat given Russia’s
use of cyber attacks before its physical invasions of Crimea and
Georgia.

May 20, 2015

UTC in talks with potential buyers for its Sikorsky business: sources

By Andrea Shalal and Mike Stone

(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) is in talks with potential buyers for its Sikorsky Aircraft business, according to four people familiar with the situation.

Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz), Boeing (BA.N: Quote, Profile, Research, Stock Buzz) and Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) are exploring their options for a deal, but a steep $3 billion tax bill associated with an outright sale of Sikorsky continues to dampen the interest of big companies, the sources said.

May 20, 2015

U.S. Marines sending engine module to ship as part of F-35 testing

WASHINGTON, May 19 (Reuters) – The U.S. Marine Corps is
“tracking very well” toward declaring a squadron of 10 F-35 jets
built by Lockheed Martin Corp ready for initial combat
use by July 15, Lieutenant General Jon Davis, the top general in
charge of Marine Corps aviation, said on Tuesday.

In a step toward that goal, the Marine Corps will use an
MV-22 tilt-rotor aircraft to transport part of the engine of the
F-35 fighter jet to the USS Wasp amphibious ship during two
weeks of testing that began Monday, Davis said.

May 19, 2015

Raytheon appeal halts re-evaluation of radar bid: U.S. Air Force

WASHINGTON (Reuters) – The U.S. Air Force said on Tuesday it suspended a re-evaluation of bids for a $1 billion long-range radar contract after Raytheon Co appealed a decision by a federal claims court that had paved the way for the review.

The Air Force had hoped to review the bids and award a new contract within three months after the U.S. Court of Federal Claims last week dismissed a lawsuit filed by Raytheon in January. The suit was aimed at halting a fresh look at bids submitted by losing rivals Northrop Grumman Corp and Lockheed Martin Corp.

May 19, 2015

Six Lockheed F-35B jets land on ship for Marine Corps testing

WASHINGTON, May 18 (Reuters) – Six U.S. F-35B fighter jets
built by Lockheed Martin Corp landed on the USS Wasp
amphibious warship on Monday for two weeks of operational
testing required before the Marine Corps can declare a first
squadron of 10 F-35s ready for combat use in July, according to
a U.S. defense official.

The testing, taking place off the coast of Virginia, will
involve the six F-35 B-model jets, the highest number of F-35s
ever used on a Navy warship to date, as well as Marine Corps
pilots, maintenance personnel, and logistics experts, said the
source, who was not authorized to speak publicly.

May 18, 2015

Hitches with F-35 logistics won’t delay summer launch: Lockheed executive

WASHINGTON (Reuters) – Lockheed Martin Corp said on Monday it is working to resolve “relatively minor” issues with a portable version of the F-35 fighter jet’s automated logistics system, but the problems should not impede a Marine Corp milestone this summer.

Jeff Streznetcky, the Lockheed executive in charge of the logistics system known as ALIS, told Reuters the company was working closely with the Pentagon’s F-35 program office to fix the software that runs the new version of ALIS. He added that the system remained on track to be deployed in late June or early July.

May 15, 2015

Exclusive: Lockheed-Boeing venture lays off 12 executives in major reorganization

WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) and Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives.

Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA’s ongoing efforts to adapt to what he called “an increasingly competitive business environment” and redesign its leadership team.

May 15, 2015

U.S. Air Force eyes possible competition for F-35 upgrades

WASHINGTON, May 15 (Reuters) – The U.S. Air Force is
considering opening to competition future upgrades of the
Lockheed Martin Corp F-35 fighter jet in the Pentagon’s
costliest arms project, the Air Force’s top acquisition official
said Friday.

William LaPlante said the service was assessing costs to
transform the airplane’s software into a so-called “open
architecture” system that would make it easier to plug in future
equipment upgrades.