Andrea's Feed
Sep 18, 2014

Lockheed eyes 2-4 percent cost reduction in next F-35 contract

WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) is close to signing a roughly $4 billion deal with the U.S. Defense Department for 43 more F-35 fighter jets that will lower the cost of the jet’s airframe by 2 to 4 percent, sources familiar with the program said.

The reduction is part of a drive by the company and other key F-35 suppliers to slash the projected $400 billion cost of developing and building 2,457 U.S. jets in coming years – and the $1 trillion in additional costs to operate and maintain them over 50 years.

Sep 18, 2014

U.S. military implores Congress to repeal mandatory budget cuts

WASHINGTON, Sept 17 (Reuters) – U.S. military leaders this
week seized on escalating Islamic extremism and increased
spending by China and Russia, imploring Congress to scrap
mandatory budget cuts that they say are leaving U.S. forces
vulnerable and less ready to fight.

Frank Kendall, the Pentagon’s chief arms buyer, told the
annual Air Force Association conference that continuation of $1
trillion in forced spending cuts would further erode the
readiness of the U.S. Air Force, which was forced to ground 13
squadrons last year and sharply curtail flying hours.

Sep 17, 2014

Boeing-Lockheed venture picks Bezos engine for future rockets

WASHINGTON (Reuters) – United Launch Alliance (ULA), a Boeing Co and Lockheed Martin Corp joint venture, said on Wednesday it would invest heavily in a new rocket engine being developed by Amazon.com Inc founder Jeff Bezos and his company Blue Origin.

The new engine, called the BE-4, could be ready for use in four years, and would cost substantially less than the Russian-built RD-180 engine now used to power ULA’s heavy-lift Atlas 5 rockets, officials from both companies told reporters.

Sep 17, 2014

Boeing-Lockheed picks Bezos engine for future rockets

WASHINGTON, Sept 17 (Reuters) – United Launch Alliance
(ULA), a joint venture of Boeing Co and Lockheed Martin
Corp, said on Wednesday it would invest heavily in a new
rocket engine being developed by Amazon.com Inc founder
Jeff Bezos and his company Blue Origin.

The new engine, called the BE-4, could be ready for use in
four years, and would offer substantial cost savings over the
Russian-built RD-180 engine now used to power ULA’s heavy-lift
Atlas 5 rockets, officials from both companies told reporters.

Sep 17, 2014

Boeing, SpaceX win contracts to build ‘space taxis’ for NASA

CAPE CANAVERAL/WASHINGTON (Reuters) – NASA will partner with Boeing and SpaceX to build commercially owned and operated “space taxis” to fly astronauts to the International Space Station, ending U.S. dependence on Russia for rides, officials said on Tuesday.

The U.S. space agency also considered a bid by privately owned Sierra Nevada Corp, but opted to award long-time aerospace contractor Boeing and California’s SpaceX with contracts valued at a combined $6.8 billion to develop, certify and fly their seven-person capsules.

Sep 16, 2014

U.S. air force seeks funding for space surveillance satellites

WASHINGTON, Sept 16 (Reuters) – The U.S. Air Force plans to
request initial funding for three surveillance satellites to
track objects in space as part of its fiscal 2016 budget
request, a top Air Force general said Tuesday.

General John Hyten, head of Air Force Space Command, told
the annual Air Force Association conference the satellites would
be a relatively inexpensive follow-on to the Space-Based Space
Surveillance (SBSS) satellite built by Boeing Co.

Sep 16, 2014

SpaceX must meet high standard to get rocket certified-U.S. officials

WASHINGTON, Sept 16 (Reuters) – Senior U.S. Air Force
officials on Tuesday said they favored competition for military
rocket launches, but the Air Force needed to stick to its high
standards in certifying the Falcon 9 rocket, built by
privately-held Space Exploration Technologies.

SpaceX is working through a detailed certification process
with the Air Force for its Falcon 9 satellite so it can compete
with United Launch Alliance (ULA), a joint venture of Boeing Co
and Lockheed Martin Corp, to launch a National
Reconnaissance Office spy satellite and other satellites.

Sep 16, 2014

Boeing, SpaceX poised to build ‘space taxis’ for NASA

CAPE CANAVERAL/WASHINGTON (Reuters) – NASA will partner with Boeing and SpaceX to build commercially owned and operated “space taxis” to fly astronauts to the International Space Station, ending U.S. dependence on Russia for rides, U.S. Senator Bill Nelson said on Tuesday.

The U.S. space agency also considered a bid by privately owned Sierra Nevada Corp., but opted to award long-time aerospace contractor Boeing and California’s SpaceX with contracts potentially worth billions of dollars, to develop, certify and fly their seven-passenger capsules.

Sep 16, 2014

SpaceX must meet high standard to get rocket certified: general

WASHINGTON (Reuters) – A top U.S. Air Force general on Tuesday said he favored competition for military rocket launches, but insisted the Air Force must stick to its high standards in certifying the Falcon 9 rocket, built by privately-held Space Exploration Technologies.

SpaceX is working through a detailed certification process with the Air Force for its Falcon 9 satellite so it can compete with United Launch Alliance (ULA), a joint venture of Boeing Co and Lockheed Martin Corp, to launch a National Reconnaissance Office spy satellite.

Sep 15, 2014

Pratt says next F-35 engine deals will cut costs by 7-8 pct

WASHINGTON, Sept 15 (Reuters) – Pratt & Whitney, a unit of
United Technologies Corp, said its contracts with the
Pentagon for the next two batches of engines for the Lockheed
Martin Corp F-35 fighter jet will result in combined
cost savings of 7 percent to 8 percent.

Bennett Croswell, president of Pratt’s military engines
division, told reporters the company had already more than
halved the cost of its F-35 engine, and the savings from the
next two contracts – for the seventh and eighth batches of
engines – would come on top of that.