WASHINGTON, Aug 7 (Reuters) – The U.S. government on Friday
said it approved a possible sale of $150 million worth of
equipment to Bahrain to maintain its fleet of Lockheed Martin
Corp F-16 fighter jets, even as two U.S. senators
introduced legislation to reinstate an arms sales ban that was
lifted by the Obama administration in June.
The Pentagon’s Defense Security Cooperation Agency, which
oversees foreign arms sales, told lawmakers that the Bahraini
government had requested equipment for support and
communications, ammunition and spare parts valued at $150
WASHINGTON (Reuters) – The shutdown of the U.S. Export-Import Bank is jeopardizing U.S.-based Orbital ATK Inc’s (OA.N: Quote, Profile, Research, Stock Buzz) bid to build a second satellite for the government of Azerbaijan, a source familiar with the matter said.
Orbital ATK competes with European and U.S. manufacturers, including Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), which sources said this week has already lost one large satellite contract due to the ongoing uncertainty about the bank’s future.
WASHINGTON (Reuters) – A U.S. House panel this week asked NASA to explain why it hasn’t launched an independent review of the explosion on June 28 of a SpaceX Falcon 9 rocket, as it did after the earlier explosion of Orbital ATK Inc’s Antares rocket on Oct. 28.
Both launches were paid for by NASA under separate contracts worth well more than $1 billion each, and destroyed unmanned rockets carrying cargo to the International Space Station.
WASHINGTON (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is scrambling to find alternate financing for a satellite contract worth “several hundred million dollars” that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the U.S. Export-Import Bank, three sources familiar with the matter said on Tuesday.
ABS, based in Bermuda and Hong Kong, terminated its order for the satellite in mid-July, citing the expiration of the trade bank’s charter on June 30, according to the sources, who asked not to be named given the sensitivity of the issue.
WASHINGTON, Aug 4 (Reuters) – A chemical mix-up involving
the fuel system of the first fully equipped Boeing Co
KC-46A tanker is likely to delay the first flight of the new
jet, which was planned for September, sources familiar with the
matter said Tuesday.
The incident is the latest setback for Boeing’s $49 billion
program to develop new refueling planes for the Air Force. Last
month the company took a $536 million after-tax charge to deal
with unrelated fuel system problems.
WASHINGTON, Aug 3 (Reuters) – Raytheon Co’s Standard
Missile-6 intercepted and destroyed a short-range ballistic
missile off the coast of Hawaii last week, the Pentagon said on
Monday, paving the way for the SM-6 to be deployed on U.S. Navy
Aegis ships next year.
The test was one of four successful tests completed last
week by the U.S. Missile Defense Agency, U.S. Pacific Command
and the crew of the USS John Paul Jones, a Navy destroyer, which
showed the ability of SM-6 and SM-2 missiles to destroy enemy
cruise and ballistic missiles.
WASHINGTON (Reuters) – U.S. Marine Corps Commandant General Joseph Dunford has declared an initial squadron of 10 Lockheed Martin Corp F-35B fighter jets ready for combat, marking a key milestone for the Pentagon’s biggest weapons program, the Pentagon said on Friday.
The decision makes the Marines the first U.S. military service to declare an “initial operational capability” for the stealth supersonic F-35 fighter under the $391 billion arms program that first kicked off in 2001.
WASHINGTON (Reuters) – U.S. Marine Corps Commandant General Joseph Dunford has declared an initial squadron of 10 Lockheed Martin Corp F-35B fighter jets ready for combat, sources familiar with the decision said on Friday.
The decision, to be announced formally later Friday, is a key milestone for the $391 billion F-35 program after years of cost overruns and schedule delays. It also makes the Marines to first U.S. military service to declare an “initial operational capability” of the F-35.
WASHINGTON (Reuters) – Fourteen U.S. lawmakers on Thursday told the Air Force and NASA they had “serious concerns” about the fact that SpaceX is leading an investigation into the June 28 explosion of its Falcon 9 rocket, and whether it would receive enough oversight.
Republican Representatives Mike Coffman from Colorado and Randy Forbes from Virginia led the bipartisan group, which questioned the two government agencies about what the explosion means for future NASA and Air Force launches.
WASHINGTON, July 30 (Reuters) – Admiral John Richardson,
President Barack Obama’s nominee for chief of naval operations,
vowed on Thursday to tackle cost overruns on new Huntington
Ingalls Industries aircraft carriers and to keep a sharp
eye on other key weapons programs.
Richardson, director of the Navy’s Naval Nuclear Propulsion
Program, told the Senate Armed Services Committee that if
confirmed as the Navy’s top uniformed officer, he intends to
continue his practice of being personally involved in
acquisition policy, setting clear standards and then enforcing