Andrea's Feed
Feb 6, 2014

Congress must bite the bullet on military budget -U.S. legislator

WASHINGTON, Feb 6 (Reuters) – U.S. lawmakers need to drop
parochial interests and make tough decisions about U.S. military
bases, personnel costs and arms programs given continued
pressure to reduce federal deficits, the top Democrat on the
House Armed Services Committee said Thursday.

“There is going to be a sustained period of pressure on the
budget of the federal government, and I don’t see that letting
up soon,” said Representative Adam Smith from Washington state,
but added many lawmakers had not yet accepted that fact.

Feb 5, 2014

Satellites, electronics next in U.S. export control reform

WASHINGTON, Feb 4 (Reuters) – The U.S. government is making
“great strides” in its drive to reform unwieldy export rules,
and expects to unveil proposed changes covering exports of
satellites, electronics and chemicals this year, a senior White
House official said Tuesday.

Caroline Atkinson, deputy national security adviser for
international economics, said an inter-agency working group had
already modified regulations for 13 of 21 categories on the U.S.
Munitions list, which together account for about $80 billion in
U.S. exports and support about 450,000 U.S. jobs.

Feb 3, 2014

Lockheed launches civil version of C-130J military transport plane

WASHINGTON, Feb 3 (Reuters) – Lockheed Martin Corp
on Monday launched the civil variant of its C-130J Super
Hercules military transport plane, the LM-100J, saying it
expected to sell about 75 of the planes to mining and energy
companies, and other commercial and government customers in
coming years.

Lockheed said it had asked the U.S. Federal Aviation
Administration (FAA) to certify the LM-100J, which will mirror
the four-engine C-130J military workhorse, but without military
avionics and communications equipment.

Feb 1, 2014

Pentagon to further study 4 possible East Coast missile defense sites

WASHINGTON, Jan 31 (Reuters) – The U.S. Defense Department
said on Friday it would conduct environmental impact studies for
four possible missile defense sites in the eastern United States
but stressed it had not yet decided to proceed with
construction.

Congress, worried about Iran’s efforts to develop
intercontinental ballistic missiles, is urging the Pentagon to
commit to an East Coast site. Defense officials say current
interceptors on the West Coast can defend the country against
possible missile attacks, and an extra interceptor site would
add enormous costs to a military budget already under pressure.

Jan 31, 2014

White House releases plan to make Arctic shipping safer

WASHINGTON (Reuters) – As Arctic ice melts away, opening the way for greater oil development and mining, the White House outlined a plan on Thursday to promote safety and security in the region by building ports, improving forecasts of sea ice, and developing shipping rules.

With warmer temperatures leaving Arctic sea passages open for longer periods of the year, billions of barrels of oil could be tapped beyond what is already being produced in the region. A loss of seasonal ice could also allow greater exploitation of precious minerals considered abundant in the Arctic.

Jan 30, 2014

Northrop profit, sales top view; eyes higher EPS in 2014

WASHINGTON (Reuters) – Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz), maker of surveillance drones and other military equipment, on Thursday reported higher-than-expected quarterly earnings despite a drop in revenues and said share buybacks would drive earnings per share higher in 2014.

Chief Executive Wes Bush told analysts that a two-year budget agreement reached by Congress last year reduced some of the uncertainty that had been hanging over the aerospace and defense sector, and could stave off worse spending cuts in 2014.

Jan 30, 2014

Raytheon fourth-quarter earnings beat estimates, foreign sales strong

WASHINGTON (Reuters) – U.S. arms maker Raytheon Co (RTN.N: Quote, Profile, Research, Stock Buzz) reported higher-than-expected earnings in the fourth quarter on Thursday, although revenues fell short of estimates with U.S. military spending in decline.

The company expected sales to drop further in 2014, but it said operating margins, international sales and profits would remain strong, buoyed partly by a sharp rise in pension income.

Jan 30, 2014

Raytheon Q4 earnings beat estimates, foreign sales strong

WASHINGTON, Jan 30 (Reuters) – U.S. arms maker Raytheon Co
on Thursday reported higher-than-expected earnings in
the fourth quarter, although revenues fell short of estimates
with U.S. military spending in decline.

The company expected sales to drop further in 2014, but it
said operating margins, international sales and profits would
remain strong, buoyed partly by a sharp rise in pension income.

Jan 30, 2014

Pentagon, GSA map out acquisition cybersecurity; tester finds issues remain

WASHINGTON (Reuters) – The U.S. Defense Department and General Services Administration on Wednesday mapped out six broad reforms to improve the cybersecurity of more than $500 billion in goods and services acquired by the U.S. federal government each year.

The guidelines come as the Pentagon’s chief weapons tester warned that military missions remained at “moderate to high risk” since local network operators were not always able to defend networks against determined cyberattacks.

Jan 30, 2014

U.S. Air Force, Boeing confident tanker program still on schedule

WASHINGTON, Jan 29 (Reuters) – U.S. Air Force and Boeing Co
officials on Wednesday expressed confidence that a $52
billion air refueling program would deliver its first 18 planes
by August 2017 as scheduled, despite a Pentagon report warning
that testing of the new aircraft could be delayed by at least
six to 12 months.

The tanker project known as KC-46, one of the Pentagon’s
biggest arms programs, calls for Boeing to build 179 new planes
for the Air Force to replace the current fleet of 50-year-old
KC-135 tankers. The planes are used to refuel fighter jets and
other warplanes during flight.