Andrea's Feed
Jun 21, 2014

U.S. revamping Boeing missile defence deal as crucial test looms

WASHINGTON (Reuters) – The Pentagon is restructuring a $3.48 billion (2 billion pounds) contract with Boeing Co for management of the troubled U.S. homeland missile defence program, said two sources familiar with the situation.

The system, which faces a critical test on Sunday, has failed to hit a dummy missile in five of eight tests since the Bush administration rushed to deploy the system in 2004 to counter growing threats by North Korea. It has not hit a target since 2008.

Jun 21, 2014

Exclusive: U.S. revamping Boeing missile defense deal as crucial test looms

WASHINGTON (Reuters) – The Pentagon is restructuring a $3.48 billion contract with Boeing Co for management of the troubled U.S. homeland missile defense program, said two sources familiar with the situation.

The system, which faces a critical test on Sunday, has failed to hit a dummy missile in five of eight tests since the Bush administration rushed to deploy the system in 2004 to counter growing threats by North Korea. It has not hit a target since 2008.

Jun 19, 2014

Circuit maker pays $10 million to settle U.S. export control charges

WASHINGTON (Reuters) – California-based Intersil Corp has agreed to pay a civil penalty of $10 million to settle 339 alleged violations of U.S. export control laws that potentially harmed U.S. national security, the State Department said on Wednesday.

The department said an extensive compliance review showed that many of the alleged violations occurred because Intersil did not properly control its radiation hardened and tolerant circuits, which were on the U.S. munitions list.

Jun 19, 2014

United Technologies, Canada reach deal on delayed helicopters

WASHINGTON (Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) on Wednesday said its Sikorsky Aircraft unit would record sales of $850 million and a charge of $440 million in the second quarter after signing a revamped agreement with Canada for 28 maritime helicopters.

The amendment to the long delayed multibillion dollar deal will allow Canada to start retiring its fleet of aging Sea King helicopters in 2015 and accelerate operations of the new CH-148 Cyclone helicopters, the company said in a statement.

Jun 17, 2014

Boeing-Lockheed venture eyes alternate rocket engine by 2019

WASHINGTON (Reuters) – The rocket launch company run by Boeing Co and Lockheed Martin Corp on Monday said it had signed contracts with multiple U.S. firms to work on a next-generation rocket engine as an alternative to a Russian engine now used for key launches.

United Launch Alliance (ULA), the joint venture run by the two largest U.S. weapons makers, said it would choose one of the companies to develop a new engine by the fourth quarter, which would enable initial launches by 2019.

Jun 17, 2014

McCain questions ‘cronyism’ on Lockheed F-35 program

WASHINGTON (Reuters) – Republican Senator John McCain on Monday said he was concerned by recent revelations of U.S. government-industry “cronyism” in developing Lockheed Martin Corp’s F-35 fighter jet, and said the $398.6 billion program still had “major problems.”

McCain, a key member of the Senate Armed Services Committee, said he had long been troubled by the Pentagon’s payment of 85-percent or higher award fees to Lockheed on the F-35 program despite cost increases and schedule delays, adding the background to those decisions was “disturbing.”

Jun 17, 2014

McCain questions U.S. govt-industry ‘cronyism’ on Lockheed F-35 program

WASHINGTON, June 16 (Reuters) – Republican Senator John
McCain on Monday said he was concerned by recent revelations of
U.S. government-industry “cronyism” in developing Lockheed
Martin Corp’s F-35 fighter jet, and said the $398.6
billion program still had “major problems.”

McCain, a key member of the Senate Armed Services Committee,
said he had long been troubled by the Pentagon’s payment of
85-percent or higher award fees to Lockheed on the F-35 program
despite cost increases and schedule delays, adding the
background to those decisions was “disturbing.”

Jun 15, 2014

U.S. orders mandatory inspections for F-35s after engine issue

WASHINGTON (Reuters) – The U.S. military has ordered mandatory inspections of all Lockheed Martin Corp F-35 fighter jets before further flights after a Marine Corps F-35B model suffered an in-flight emergency last week, a Pentagon spokesman said on Sunday.

Joe DellaVedova, spokesman for the F-35 program office, said the inspections were ordered late on Friday but that a majority of the 97 F-35s in the fleet – 69 operational jets used for training and 28 test aircraft – had already been inspected and cleared to resume flights on Monday.

Jun 13, 2014

U.S. Navy names best-performing arms suppliers for 2014

WASHINGTON, June 13 (Reuters) – The U.S. Navy on Friday
named units of top arms makers General Dynamics, Lockheed
Martin Corp and Raytheon Co as part of its list
of the top-performing nine suppliers for 2014 based on their
performance over the last three years.

The Pentagon said on Friday it would use such public
recognition of “superior suppliers,” incentives and competition
as key tools in its ongoing drive to end years of cost overruns
and schedule delays on key weapons programs.

Jun 13, 2014

Early funding for Boeing jets on hold for now – US Navy

WASHINGTON, June 13 (Reuters) – The U.S. Navy will not
release $75 million in initial funding already approved for more
Boeing Co electronic attack jets until U.S. lawmakers
clarify that they plan to buy more of the jets in fiscal 2015,
the Navy’s top arms buyer said Friday.

Assistant Secretary Sean Stackley said three of four key
congressional committees had added funding to the Navy’s fiscal
2015 budget request for one to 12 additional EA-18G Growlers,
but the Senate Appropriations Committee (SAC) had not yet acted.