WASHINGTON, Feb 2 (Reuters) – Facing new security challenges
in the Middle East and Ukraine, the Obama administration on
Monday proposed a $534 billion Pentagon base budget plus $51
billion in war funds as it urged Congress to end spending cuts
which it says erode U.S. military power.
In addition to the base budget and war funding requests, the
administration proposed some $27 billion in defense spending at
other agencies, primarily nuclear weapons work by the Department
WASHINGTON (Reuters) – Resilience, innovation and advances in technology will be key factors as NATO maps out a multibillion-dollar effort to replace its aging fleet of 17 Boeing Co E-3 Sentry Airborne Warning and Control System (AWACS) aircraft, a top NATO official told Reuters.
French General Jean-Paul Palomeros, Supreme Allied Commander Transformation, said NATO was starting to map out its requirements for the next-generation of weapons to detect air and surface threats, which will be needed between 2030 and 2035.
WASHINGTON, Jan 29 (Reuters) – Raytheon Co on
Thursday said it has “turned a corner” on problems with the
ground control system it is building for the U.S. Air Force’s
Global Positioning System (GPS) satellites, and does not expect
any impact on financial results.
Chief Executive Officer Tom Kennedy said the company had
worked closely with the Air Force to resolve issues with the GPS
Operational Control System (OCX), noting that it was a complex
and technologically advanced program.
Jan 29 (Reuters) – U.S. weapons maker Raytheon Co on
Thursday forecast 2015 revenue largely below average analyst
expectations as orders fell, and said profit margins would drop
further to just over 12 percent, sending its shares down 5
The maker of the Tomahawk missile and the Patriot missile
defense system said it expected revenue to grow modestly in
2016, with further growth seen in subsequent years.
WASHINGTON, Jan 28 (Reuters) – U.S. Deputy Defense Secretary
Robert Work on Wednesday urged NATO allies to develop and make
more innovative weapons, and said bold action was needed to stay
ahead of rapid weapons development by China, Russia and other
Work said the Pentagon has a new plan called “Defense
Innovation Initiative” and a separate effort targeting
longer-term projects to ensure that the United States continues
to have a decisive competitive advantage against potential foes.
WASHINGTON (Reuters) – The U.S. Air Force said on Wednesday it would use Boeing Co’s (BA.N: Quote, Profile, Research) commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States.
The decision comes a month after Boeing said it would slow production of the four-engine 747-8 aircraft to 1.3 a month from 1.5 a month because of declining orders.
WASHINGTON, Jan 28 (Reuters) – Officials from Boeing Co
and the U.S. Army said on Wednesday they had begun
discussions about a multiyear agreement to buy about 240 AH-64
Apache helicopters from fiscal 2017 to 2021, a deal that
analysts say could be worth around $4 billion.
U.S. Army acquisition chief Heidi Shyu recently signed a
document allowing both sides to begin work on a multiyear
agreement, with an eye to securing approval from the defense
secretary by March 2016, Colonel Jeff Hager, Apache program
manager, told reporters at an event hosted by Boeing.
WASHINGTON (Reuters) – General Dynamics Corp, a key provider of cyber services for the U.S. government, said recent high-profile cyberattacks were boosting demand from government agencies for better protections against breaches by so-called insiders.
Nadia Short, vice president and general manager of cyber systems for General Dynamics’ Mission Systems business, told Reuters in an interview this week the well-publicized hack of Sony Pictures Entertainment had galvanized interest in the security of U.S. government and industry computer networks.
WASHINGTON (Reuters) – Northrop Grumman Corp (NOC.N: Quote, Profile, Research) Chief Executive Wes Bush on Wednesday lauded the U.S. government for approving exports of some unmanned aerial vehicles, or drones, and said more work was needed to keep up with technological advances in other countries.
Bush said U.S. defense officials increasingly recognized the need to update U.S. policy given the availability of drones from other countries, and said State Department officials were also awakening to changing realities in the global market.
WASHINGTON (Reuters) – Even in an era of shrinking U.S. military spending, the U.S. Defense Department remains reluctant to see further consolidation among big U.S. weapons makers, Northrop Grumman Corp (NOC.N: Quote, Profile, Research) Chief Executive Wes Bush said on Wednesday.
“I haven’t seen any evidence that the department is thinking about things differently, but it will always come down to the case-by-case view of competition versus the benefit that the department would get from it,” Bush told Reuters after a speech at the Brookings Institution, a Washington think tank.