Andrea's Feed
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.

Jun 12, 2014

Pentagon sees progress on F-35 jet; software still a concern

WASHINGTON, June 12 (Reuters) – Lockheed Martin Corp’s
F-35 fighter jet is making steady progress but needs
further work to accelerate software development, increase
reliability and lower the cost of operating and maintaining the
new warplanes, the Pentagon’s chief weapons buyer said on
Thursday.

Frank Kendall, undersecretary of defense for acquisition,
technology and logistics, told reporters the Pentagon was
looking at a series of measures, including incentives tied to
future payments and investments in process improvements, to cut
the cost of building, operating and maintaining the planes.

Jun 11, 2014

U.S. to reassess missile defense interceptor if next test fails

WASHINGTON (Reuters) – The Pentagon would reassess its plans to put Raytheon Co’s CE-2 kill vehicle on 14 more ground-based interceptors if a key test of the system designed to protect the United States from North Korean missile attacks fails again later this month, a top Pentagon official said Wednesday.

Missile Defense Agency Director Vice Admiral James Syring said the agency’s highest near-term priority was a successful intercept test of the ground-based missile defense system run by Boeing Co, and the latest Raytheon-built kill vehicle, which has failed both intercept tests attempted to date.

Jun 11, 2014

DigitalGlobe gains U.S. government license to sell sharper satellite imagery

WASHINGTON (Reuters) – Satellite imagery provider DigitalGlobe Inc said the U.S. government had approved its longstanding request to sell higher-resolution images, a move that could unlock $400 million in additional market opportunities for the company.

DigitalGlobe, the only provider of high-resolution commercial satellite images in the United States, has received a license from the U.S. Commerce Department to start selling images with a resolution of 40 cm, up from 50 cm, effective immediately, its Chief Executive Jeffrey Tarr told Reuters.

Jun 11, 2014

DigitalGlobe gains U.S. govt license to sell sharper satellite imagery

WASHINGTON, June 11 (Reuters) – Satellite imagery provider
DigitalGlobe Inc said the U.S. government had approved
its longstanding request to sell higher-resolution images, a
move that could unlock $400 million in additional market
opportunities for the company.

DigitalGlobe, the only provider of high-resolution commercial
satellite images in the United States, has received a license
from the U.S. Commerce Department to start selling images with a
resolution of 40 cm, up from 50 cm, effective immediately, its
Chief Executive Jeffrey Tarr told Reuters.

Jun 10, 2014

Lockheed sees U.S. Navy revamping naval proposal for Saudis

WASHINGTON, June 10 (Reuters) – The U.S. government is
revamping proposals for a multibillion-dollar modernization of
Saudi Arabia’s navy after leadership changes in the kingdom, but
no decisions are expected in the near-term, industry and
government officials said this week.

Pat Dewar, executive vice president of Lockheed Martin
Corp’s international division, said U.S. officials were
developing a “matrix of options” to offer Saudi Arabia, rather
than the pre-set weapons packages that had been offered before.

Jun 10, 2014

Lockheed eyes foreign, non-defense work as Pentagon budget drops

WASHINGTON, June 9 (Reuters) – Lockheed Martin Corp
on Monday said it was banking on international and non-defense
orders to offset a drop in U.S. military spending, with Pentagon
orders accounting for a low 61 percent of overall sales in 2013
and trending lower.

Lockheed Chief Financial Officer Bruce Tanner said U.S.
defense orders would likely dip further as a percentage of
overall revenues in 2014 and 2015, and orders could drop as low
as 50 percent, depending on what happened in other business
areas.

Jun 9, 2014

Lockheed sees next U.S. F-35 fighter contract early this summer

WASHINGTON, June 9 (Reuters) – Lockheed Martin Corp
expects to sign a contract with the U.S. government early this
summer for an eighth batch of F-35 fighter jets, but the deal is
unlikely to match price reductions seen on the last few
contracts, the company’s top financial officer said Monday.

Chief Financial Officer Bruce Tanner said the company had
driven the price of the jets lower by 4 percent to 5 percent in
each of the previous three contracts, but savings of that
magnitude were unlikely on the next deal, which will be for 43
jets, given the lack of large quantity increases in the order.

Jun 6, 2014

Pentagon, suppliers must change to survive: report

WASHINGTON (Reuters) – The U.S. military and its main suppliers must globalize and adopt more commercial practices to stay competitive, according to a report released this week.

“We’re at another tipping point in the evolution of the defense industry,” said former U.S. Deputy Defense Secretary William Lynn, who co-chaired a task force that helped shape the report by the Center for a New American Security.