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.
WASHINGTON (Reuters) – Nearly every U.S. weapons program tested in fiscal 2014 showed “significant vulnerabilities” to cyber attacks, including misconfigured, unpatched and outdated software, the Pentagon’s chief weapons tester said in his annual report released Tuesday.
Michael Gilmore, director of operational test and evaluation (DOT&E), said program managers had worked to resolve problems discovered in previous years and security was improving, but this year’s testing had revealed new vulnerabilities.
WASHINGTON (Reuters) – The U.S. Air Force has agreed to reevaluate proposals received in a competition for a long-range radar system initially won by Raytheon Co (RTN.N: Quote, Profile, Research), after two losing bidders filed protests, two sources familiar with the matter said on Tuesday.
The Air Force’s action is expected to resolve the two separate protests, which were filed by Lockheed Martin Corp. (LMT.N: Quote, Profile, Research) and Northrop Grumman Corp (NOC.N: Quote, Profile, Research) days after the contract was first awarded to Raytheon in October, according to the sources, who were not authorized to speak publicly.
WASHINGTON, Jan 20 (Reuters) – The Pentagon on Tuesday said
classified data about the $399 billion F-35 fighter jet program
remains secure, despite fresh documents released by NSA
whistleblower Edward Snowden last week which said China stole
“many terabytes” of data about the jet.
The U.S. Defense Department’s F-35 program office said the
latest documents released by the German magazine Der Spiegel
“rehashed” a previously disclosed and reported 2010 incident,
which it said compromised only non-classified data about the new
warplane being built by Lockheed Martin Corp.