Andrea's Feed
Oct 29, 2013

House panel kicks off Pentagon acquisition reform drive

WASHINGTON (Reuters) – The House Armed Services Committee on Tuesday kicked off a fresh drive to fix the way the Pentagon buys weapons and services, vowing to “look past Band-Aid fixes and parochial interests” and implement meaningful reforms.

The committee’s chairman, U.S. Representative Buck McKeon, said some successful efforts were already under way, but the U.S. military acquisition system still faced significant challenges including cost overruns and schedule delays, and those would get worse due to mounting pressure on U.S. budgets.

Oct 29, 2013

Skelton, former military expert in U.S. Congress, dies at 81

WASHINGTON (Reuters) – Former U.S. congressman Ike Skelton, a 17-term Democrat who capped his career as chairman of the U.S. House of Representatives Armed Services Committee, died on Monday, according to U.S. lawmakers. He was 81.

Skelton died at Virginia Hospital Center in Arlington, with his wife Patty and his sons at his side, said Skelton’s longtime colleague and staff member, Russell Orban.

Oct 28, 2013

Turkey asks U.S. to extend pricing on Raytheon missile bid -sources

WASHINGTON, Oct 28 (Reuters) – Turkey has asked the United
States to extend the pricing on Raytheon Co’s Patriot
missile defense system proposal, two sources familiar with the
discussions told Reuters on Monday, a sign that Ankara is
keeping its options open in case its talks with the preferred
Chinese supplier fall through.

Turkish Prime Minister Tayyip Erdogan last week said Ankara
would be open to new offers if its talks about co-producing a
long-range air and missile defense system with China Precision
Machinery Import and Export Corp (CPMIEC) fail.

Oct 25, 2013

Pentagon wants F-35 contractor accountability as it weighs output boost

WASHINGTON (Reuters) – The Pentagon’s chief arms buyer wants details on how Lockheed Martin Corp and other companies will be held accountable for the quality and reliability of the F-35 fighter jet as he considers whether to approve an increase in the plane’s production, U.S. defense officials said on Friday.

Frank Kendall, undersecretary of defense for acquisition, technology and logistics, is asking the Pentagon office that runs the $392 billion F-35 program to map out how it will ensure the quality, reliability and maintainability of the new warplanes as production ramps up in coming years, said the officials, who were not authorized to speak publicly.

Oct 25, 2013

Boeing, Lockheed team up to bid on new U.S. bomber program

WASHINGTON, Oct 25 (Reuters) – Boeing Co and Lockheed
Martin Corp will team up to bid on a new U.S. Air Force
long-range bomber program, a multibillion-dollar project that
U.S. Air Force officials have described as a top acquisition

Boeing, which has played a role in every U.S. bomber program
since World War Two, would be the prime contractor on the
next-generation bomber program, with Lockheed as its primary
subcontractor, the companies said on Friday.

Oct 25, 2013

NSA scandal not hitting U.S. export drive -White House

WASHINGTON, Oct 24 (Reuters) – Concerns about U.S. spying
have taken a significant toll on U.S.-Brazilian relations, but
have not had a broad-based effect on U.S. foreign policy or the
Obama administration’s efforts to promote U.S. exports, a top
White House adviser said.

Ben Rhodes, national security adviser for strategic
communications, acknowledged that reports of U.S. National
Security Agency spying on Brazilian President Dilma Rousseff had
strained Washington’s ties with Brazil, prompting Rousseff to
cancel a state visit and derailing a $4 billion potential arms
sale by Boeing Co.

Oct 24, 2013

Pirates kidnap two U.S. sailors off Nigerian coast: sources

ABUJA/WASHINGTON (Reuters) – Pirates attacked an oil supply vessel off the Nigerian coast and kidnapped the captain and chief engineer, both U.S. citizens, American officials said on Thursday as the Nigerian military ordered its Navy to rescue the men.

“We believe this was an act of piracy,” U.S. State Department spokeswoman Marie Harf said, adding that U.S. officials were closely monitoring the situation and seeking more information.

Oct 24, 2013

Raytheon posts higher-than-expected profit, boosts forecast

WASHINGTON (Reuters) – Raytheon Co (RTN.N: Quote, Profile, Research, Stock Buzz) on Thursday joined other U.S. arms makers in reporting higher-than-expected quarterly earnings and raising full-year forecasts, saying it expected to maintain strong margins and cash flow in 2014 despite an expected drop in sales.

Raytheon, maker of Patriot missile systems and a wide range of other military equipments, said it saw “tremendous opportunities” for landing several big orders later this year.

Oct 24, 2013

Northrop sees higher full-year profit after third quarter beats estimates

WASHINGTON (Reuters) – Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz), maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings and raised its forecast for full-year profit even as U.S. military spending cuts start to bite.

Northrop Chief Executive Wes Bush told analysts during an earnings call that while he expected to generate strong margins in 2014, continuing uncertainty about U.S. budget levels would further depress sales next year.

Oct 24, 2013

General Dynamics boosts profit, raises full-year forecast

WASHINGTON, Oct 23 (Reuters) – General Dynamics Corp,
the maker of Gulfstream business jets and U.S. Navy warships,
reported higher earnings and operating margins for the third
quarter despite a dip in revenue, and nudged its full-year
earnings forecast higher.

Chief Executive Officer Phebe Novakovic said the
better-than-expected results allowed General Dynamics to
increase its guidance for full-year earnings per share by five
cents to between $6.90 and $7.00. It earned $6.48 per share in