WASHINGTON (Reuters) – The Pentagon is restructuring a $3.48 billion contract with Boeing Co for management of the troubled U.S. homeland missile defense program, said two sources familiar with the situation.
The system, which faces a critical test on Sunday, has failed to hit a dummy missile in five of eight tests since the Bush administration rushed to deploy the system in 2004 to counter growing threats by North Korea. It has not hit a target since 2008.
WASHINGTON (Reuters) – California-based Intersil Corp has agreed to pay a civil penalty of $10 million to settle 339 alleged violations of U.S. export control laws that potentially harmed U.S. national security, the State Department said on Wednesday.
The department said an extensive compliance review showed that many of the alleged violations occurred because Intersil did not properly control its radiation hardened and tolerant circuits, which were on the U.S. munitions list.
WASHINGTON (Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) on Wednesday said its Sikorsky Aircraft unit would record sales of $850 million and a charge of $440 million in the second quarter after signing a revamped agreement with Canada for 28 maritime helicopters.
The amendment to the long delayed multibillion dollar deal will allow Canada to start retiring its fleet of aging Sea King helicopters in 2015 and accelerate operations of the new CH-148 Cyclone helicopters, the company said in a statement.
WASHINGTON (Reuters) – The rocket launch company run by Boeing Co and Lockheed Martin Corp on Monday said it had signed contracts with multiple U.S. firms to work on a next-generation rocket engine as an alternative to a Russian engine now used for key launches.
United Launch Alliance (ULA), the joint venture run by the two largest U.S. weapons makers, said it would choose one of the companies to develop a new engine by the fourth quarter, which would enable initial launches by 2019.
WASHINGTON (Reuters) – Republican Senator John McCain on Monday said he was concerned by recent revelations of U.S. government-industry “cronyism” in developing Lockheed Martin Corp’s F-35 fighter jet, and said the $398.6 billion program still had “major problems.”
McCain, a key member of the Senate Armed Services Committee, said he had long been troubled by the Pentagon’s payment of 85-percent or higher award fees to Lockheed on the F-35 program despite cost increases and schedule delays, adding the background to those decisions was “disturbing.”
WASHINGTON, June 16 (Reuters) – Republican Senator John
McCain on Monday said he was concerned by recent revelations of
U.S. government-industry “cronyism” in developing Lockheed
Martin Corp’s F-35 fighter jet, and said the $398.6
billion program still had “major problems.”
McCain, a key member of the Senate Armed Services Committee,
said he had long been troubled by the Pentagon’s payment of
85-percent or higher award fees to Lockheed on the F-35 program
despite cost increases and schedule delays, adding the
background to those decisions was “disturbing.”
WASHINGTON (Reuters) – The U.S. military has ordered mandatory inspections of all Lockheed Martin Corp F-35 fighter jets before further flights after a Marine Corps F-35B model suffered an in-flight emergency last week, a Pentagon spokesman said on Sunday.
Joe DellaVedova, spokesman for the F-35 program office, said the inspections were ordered late on Friday but that a majority of the 97 F-35s in the fleet – 69 operational jets used for training and 28 test aircraft – had already been inspected and cleared to resume flights on Monday.
WASHINGTON, June 13 (Reuters) – The U.S. Navy on Friday
named units of top arms makers General Dynamics, Lockheed
Martin Corp and Raytheon Co as part of its list
of the top-performing nine suppliers for 2014 based on their
performance over the last three years.
The Pentagon said on Friday it would use such public
recognition of “superior suppliers,” incentives and competition
as key tools in its ongoing drive to end years of cost overruns
and schedule delays on key weapons programs.
WASHINGTON, June 13 (Reuters) – The U.S. Navy will not
release $75 million in initial funding already approved for more
Boeing Co electronic attack jets until U.S. lawmakers
clarify that they plan to buy more of the jets in fiscal 2015,
the Navy’s top arms buyer said Friday.
Assistant Secretary Sean Stackley said three of four key
congressional committees had added funding to the Navy’s fiscal
2015 budget request for one to 12 additional EA-18G Growlers,
but the Senate Appropriations Committee (SAC) had not yet acted.
WASHINGTON, June 12 (Reuters) – Lockheed Martin Corp’s
F-35 fighter jet is making steady progress but needs
further work to accelerate software development, increase
reliability and lower the cost of operating and maintaining the
new warplanes, the Pentagon’s chief weapons buyer said on
Frank Kendall, undersecretary of defense for acquisition,
technology and logistics, told reporters the Pentagon was
looking at a series of measures, including incentives tied to
future payments and investments in process improvements, to cut
the cost of building, operating and maintaining the planes.