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Aug 25, 2015

Oshkosh Corp wins U.S. Army award for Humvee replacement

WASHINGTON, Aug 25 (Reuters) – U.S. specialty truck maker
Oshkosh Corp has won a $6.75 billion contract to build
17,000 light tactical vehicles to replace the aging Humvees used
by the U.S. Army and Marine Corps, the U.S. Army announced
Tuesday.

Oshkosh beat out a team made up of Lockheed Martin Corp
and Britain’s BAE Systems Plc, as well as AM
General, a privately held company that built the original
Humvees, the Army said in a statement.

Aug 25, 2015

U.S. Army nears high-stakes award for Humvee replacement

WASHINGTON, Aug 25 (Reuters) – The U.S. Army is expected to
award a contract on Tuesday for a new armored truck to replace
thousands of aging Humvees, a long-awaited deal that could be
worth up to $30 billion for the winning team.

Industry executives and defense officials said they expected
the Army to announce an initial contract valued at up to $9
billion late on Tuesday for 17,000 of 55,000 vehicles to be
built for the Army and Marine Corps in coming years,

Aug 25, 2015

U.S. startup seeks crowdfunding to produce business jet

WASHINGTON, Aug 25 (Reuters) – XTI Aircraft, a Denver,
Colorado-based aerospace startup firm, launched an equity
crowdfunding campaign on Tuesday to raise $50 million to fund
the production of the TriFan 600, a six-seat fixed wing jet that
can take off and land like a helicopter.

XTI was founded in 2009 by David Brody, the former chairman
and chief executive officer of AVX Aircraft Co, who developed
and patented the concept for the new business jet.

Aug 25, 2015

Contract for new U.S. long-range bomber due soon: Air Force secretary

WASHINGTON (Reuters) – U.S. Air Force Secretary Deborah James on Monday said a contract for a new long-range bomber would be awarded soon, and the project would not be considered a “new start” program that could be halted if Congress fails to pass a budget for fiscal 2016.

Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team made up of Boeing Co and Lockheed Martin Corp for a deal that could be worth $50 billion to $80 billion to the winning bidder.

Aug 24, 2015

U.S. to deploy F-22 fighter jets to Europe – Air Force secretary

WASHINGTON (Reuters) – The United States will deploy F-22 fighter jets to Europe very soon as part of a broader effort to support eastern European members of the NATO alliance unnerved by Russia’s intervention in Ukraine, Air Force Secretary Deborah James said on Monday.

James did not give details about the specific number of planes, date or location of the deployment, but said it was in line with Defence Secretary Ash Carter’s recent call for a strong and balanced approach to Russia.

Aug 24, 2015

U.S. to deploy F-22 fighter jets to Europe

WASHINGTON (Reuters) – The United States will deploy F-22 fighter jets to Europe very soon as part of a broader effort to support eastern European members of the NATO alliance unnerved by Russia’s intervention in Ukraine, Air Force Secretary Deborah James said on Monday.

James did not give details about the specific number of planes, date or location of the deployment, but said it was in line with Defense Secretary Ash Carter’s recent call for a strong and balanced approach to Russia.

Aug 24, 2015

Exclusive: Boeing eyes ‘several hundred’ layoffs in satellite division

WASHINGTON (Reuters) – Boeing Co on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial orders.

Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future availability of financing from the U.S. Export-Import Bank, whose government charter lapsed on June 30, the company told key managers in an internal communication.

Aug 21, 2015

Lockheed welcomes U.S. plan to use its combat system for frigates

MARINETTE, Wisconsin (Reuters) – Lockheed Martin Corp on Friday welcomed the U.S. Navy’s decision to use Lockheed’s integrated combat system for future frigate-class ships to be built beginning in fiscal 2019, saying it would allow greater commonality across the entire Navy fleet.

“It’s great news,” Joe North, vice president of Littoral Ships and Systems at Lockheed, told Reuters in a telephone interview. “Now we get to move out and get the fleet on one system.”

Aug 20, 2015

U.S.-India aircraft carrier working group holds inaugural meeting

MARINETTE, Wisconsin, Aug 20 (Reuters) – A high-level
U.S.-Indian working group met in Washington last week for the
first of an ongoing series of meetings aimed at establishing
broader cooperation on the design, development and production of
aircraft carriers, the U.S. Navy said on Thursday.

As part of the three-day visit, senior U.S. and Indian naval
officers visited the shipyard in Newport News, Virginia, where
Huntington Ingalls Industries Inc is building the USS
Gerald R. Ford, the first in a new class of aircraft carriers,
according to Navy spokeswoman Colleen O’Rourke and Huntington
Ingalls spokeswoman Beci Brenton.

Aug 20, 2015

U.S. aerial surveillance firm acquires drone specialist

WASHINGTON (Reuters) – Momentum Aviation Group (MAG), a private-equity-backed firm that carries out manned aerial surveillance in remote areas for the U.S. military, NATO and the United Nations, on Thursday said it had acquired privately held BOSH Global Services, which does similar work using drones.

Joe Fluet, who founded MAG in 2009, told Reuters the firm would have combined revenues of $80 million to $100 million, a workforce of about 400 people, and operations in five continents.