Andrea's Feed
Jul 8, 2015

Lockheed, Textron final suitors for Sikorsky Aircraft-sources

WASHINGTON/NEW YORK, July 8 (Reuters) – Lockheed Martin Corp
and Textron Inc have emerged as final contenders
to buy United Technologies Corp’s Sikorsky Aircraft
business, which could be valued at around $8 billion, according
to people familiar with the matter.

UTC is weighing offers from the two companies and may come
to a decision by the end of the month, one of the people said.

Jul 7, 2015

Battle heats up over U.S. plutonium cleanup program

WASHINGTON (Reuters) – The battle over a project to convert
excess U.S. weapons-grade plutonium into fuel for commercial
nuclear reactors – part of a 2000 treaty with Russia – is
heating up amid concerns the program’s multibillion-dollar costs
could balloon further.

Critics are calling for an end to the project, citing years
of delays and cost increases, while proponents say the program
is now on track and any changes could jeopardize one of the few
agreements with Russia that is still running smoothly.

Jul 7, 2015

Vietnam Airlines, Boeing to negotiate about 16 more airplane sales

WASHINGTON, July 6 (Reuters) – Boeing Co and Vietnam
Airlines JSC IPO-VAL.HM on Monday agreed to negotiate the sale
of eight more 787-10 Dreamliners and eight 777-8X aircraft, a
move hailed by U.S. and Vietnamese officials as a sign of
strengthening trade ties between the two former enemies.

U.S. Deputy Commerce Secretary Bruce Andrews told Reuters
the Boeing aircraft sales reflected “an important dimension of a
growing relationship” and said both U.S. and Vietnamese
officials were committed to further expanding trade.

Jul 6, 2015

Boeing says loss of Ex-Im Bank would be competitive disadvantage

WASHINGTON (Reuters) – Loss of U.S. Export-Import Bank
financing would put Boeing Co at a “huge competitive
disadvantage” since its rivals still have access to such
financing support, the head of the company’s commercial aircraft
division told reporters on Monday.

Ray Conner, president of Boeing Commercial Airplanes, said
Boeing was seeking to reassure its customers that the U.S.
Congress would soon reauthorize the bank’s charter, but said the
fact it had lapsed at the end of last month created some doubt.

Jul 1, 2015

Air Force says rocket accident won’t bump SpaceX from competition

/WASHINGTON, July 1 (Reuters) – CAPE
CANAVERAL, Fla/WASHINGTON July 1 (Reuters) – SpaceX can compete
to launch a U.S. Global Positioning System satellite despite a
Falcon 9 rocket accident this weekend, the Air Force said on

“SpaceX remains certified and can compete for the upcoming
GPS III launch service,” Lt. General Samuel Greaves, who heads
the Air Force’s Space and Missile Systems Center, wrote in an
email to Reuters.

Jun 22, 2015

Overcapacity stifling Europe’s defense industry

PARIS/BRUSSELS (Reuters) – Europe’s politicians need to put aside national pride and security sensitivities and let the defense industry tackle the overcapacity that has led to competing production of tanks and fighter jets, executives and EU officials say.

The industry’s outlook is brightening, helped by a stronger economy, increased military spending in other regions driven by tensions in Ukraine, the Middle East and southeast Asia.

Jun 19, 2015

Helicopter makers upbeat on market despite oil-led slump

PARIS, June 19 (Reuters) – Top U.S. and European helicopter
executives said this week that the oil price-led commercial
helicopter market slump would be temporary and that they will
keep investing in new technologies given the sector’s positive
long-term outlook.

The downturn will likely last 18 to 24 months, Sikorsky
Aircraft’s new president, Robert Leduc, said at Paris Airshow,
adding that he fully expected demand to rebound at some point.

Jun 19, 2015

Harris aims to stay agile through continued high R&D investment

PARIS (Reuters) – U.S. defense contractor Harris Corp says its high rate of investment in research and development should help it remain agile and innovative following its recent takeover of Exelis.

Chief Executive Bill Brown told Reuters at the Paris Airshow that employees and customers were responding positively to the acquisition, which was completed late last month.

Jun 18, 2015

U.S. cyber hack unsettles, frustrates U.S. defense industry

PARIS, June 18 (Reuters) – U.S. weapons industry executives
say they are disappointed and frustrated about a massive U.S.
cyber breach that exposed sensitive information about millions
of Americans, including many thousands who work on high-security
arms projects.

Details are still emerging about major cyber attacks on the
U.S. Office of Personnel Management that were first disclosed
earlier this month and U.S. officials have linked those breaches
to China. China denies any involvement.

Jun 18, 2015

U.S. arms makers say sales process improving but still too slow

PARIS, June 17 (Reuters) – American weapons makers this week
welcomed a push by U.S. government agencies to better coordinate
on arms sales policies, but say most deals still take far too
long to process, frustrating potential customers.

Many U.S. arms makers have sought to offset declines in
American and European defense spending by boosting international
sales, but they regularly complain that slow government
approvals of deals frustrates some customers and drives them to
look at offers from non-U.S companies.