Andrea's Feed
Aug 24, 2015

U.S. to deploy F-22 fighter jets to Europe

WASHINGTON (Reuters) – The United States will deploy F-22 fighter jets to Europe very soon as part of a broader effort to support eastern European members of the NATO alliance unnerved by Russia’s intervention in Ukraine, Air Force Secretary Deborah James said on Monday.

James did not give details about the specific number of planes, date or location of the deployment, but said it was in line with Defense Secretary Ash Carter’s recent call for a strong and balanced approach to Russia.

Aug 24, 2015

Exclusive: Boeing eyes ‘several hundred’ layoffs in satellite division

WASHINGTON (Reuters) – Boeing Co on Monday told its workers that it expected to cut as many as “several hundred” jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial orders.

Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future availability of financing from the U.S. Export-Import Bank, whose government charter lapsed on June 30, the company told key managers in an internal communication.

Aug 21, 2015

Lockheed welcomes U.S. plan to use its combat system for frigates

MARINETTE, Wisconsin (Reuters) – Lockheed Martin Corp on Friday welcomed the U.S. Navy’s decision to use Lockheed’s integrated combat system for future frigate-class ships to be built beginning in fiscal 2019, saying it would allow greater commonality across the entire Navy fleet.

“It’s great news,” Joe North, vice president of Littoral Ships and Systems at Lockheed, told Reuters in a telephone interview. “Now we get to move out and get the fleet on one system.”

Aug 20, 2015

U.S.-India aircraft carrier working group holds inaugural meeting

MARINETTE, Wisconsin, Aug 20 (Reuters) – A high-level
U.S.-Indian working group met in Washington last week for the
first of an ongoing series of meetings aimed at establishing
broader cooperation on the design, development and production of
aircraft carriers, the U.S. Navy said on Thursday.

As part of the three-day visit, senior U.S. and Indian naval
officers visited the shipyard in Newport News, Virginia, where
Huntington Ingalls Industries Inc is building the USS
Gerald R. Ford, the first in a new class of aircraft carriers,
according to Navy spokeswoman Colleen O’Rourke and Huntington
Ingalls spokeswoman Beci Brenton.

Aug 20, 2015

U.S. aerial surveillance firm acquires drone specialist

WASHINGTON (Reuters) – Momentum Aviation Group (MAG), a private-equity-backed firm that carries out manned aerial surveillance in remote areas for the U.S. military, NATO and the United Nations, on Thursday said it had acquired privately held BOSH Global Services, which does similar work using drones.

Joe Fluet, who founded MAG in 2009, told Reuters the firm would have combined revenues of $80 million to $100 million, a workforce of about 400 people, and operations in five continents.

Aug 7, 2015

U.S. approves $150 million deal for Bahrain F-16 support

WASHINGTON, Aug 7 (Reuters) – The U.S. government on Friday
said it approved a possible sale of $150 million worth of
equipment to Bahrain to maintain its fleet of Lockheed Martin
Corp F-16 fighter jets, even as two U.S. senators
introduced legislation to reinstate an arms sales ban that was
lifted by the Obama administration in June.

The Pentagon’s Defense Security Cooperation Agency, which
oversees foreign arms sales, told lawmakers that the Bahraini
government had requested equipment for support and
communications, ammunition and spare parts valued at $150
million.

Aug 6, 2015

EXIM shutdown threatens Orbital’s bid for Azerbaijan deal: source

WASHINGTON (Reuters) – The shutdown of the U.S. Export-Import Bank is jeopardizing U.S.-based Orbital ATK Inc’s (OA.N: Quote, Profile, Research, Stock Buzz) bid to build a second satellite for the government of Azerbaijan, a source familiar with the matter said.

Orbital ATK competes with European and U.S. manufacturers, including Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), which sources said this week has already lost one large satellite contract due to the ongoing uncertainty about the bank’s future.

Aug 6, 2015

US House panel asks NASA why it isn’t probing SpaceX blast

WASHINGTON (Reuters) – A U.S. House panel this week asked NASA to explain why it hasn’t launched an independent review of the explosion on June 28 of a SpaceX Falcon 9 rocket, as it did after the earlier explosion of Orbital ATK Inc’s Antares rocket on Oct. 28.

Both launches were paid for by NASA under separate contracts worth well more than $1 billion each, and destroyed unmanned rockets carrying cargo to the International Space Station.

Aug 4, 2015

Exclusive: Boeing loses large satellite deal due to trade credit woes – sources

WASHINGTON (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is scrambling to find alternate financing for a satellite contract worth “several hundred million dollars” that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the U.S. Export-Import Bank, three sources familiar with the matter said on Tuesday.

ABS, based in Bermuda and Hong Kong, terminated its order for the satellite in mid-July, citing the expiration of the trade bank’s charter on June 30, according to the sources, who asked not to be named given the sensitivity of the issue.

Aug 4, 2015

Chemical mix-up likely to delay first flight of Boeing tanker-sources

WASHINGTON, Aug 4 (Reuters) – A chemical mix-up involving
the fuel system of the first fully equipped Boeing Co
KC-46A tanker is likely to delay the first flight of the new
jet, which was planned for September, sources familiar with the
matter said Tuesday.

The incident is the latest setback for Boeing’s $49 billion
program to develop new refueling planes for the Air Force. Last
month the company took a $536 million after-tax charge to deal
with unrelated fuel system problems.