WASHINGTON, Feb 13 (Reuters) – GenCorp Inc Chief
Executive Officer Scott Seymour on Friday took over as head of
the company’s Aerojet Rocketdyne unit after the abrupt departure
of its president, Warren Boley.
Boley’s departure was effective immediately, said GenCorp
spokesman Glenn Mahone. He said Seymour would remain chief
executive and president of the parent company, which makes
equipment for the aerospace and defense sector.
WASHINGTON, Feb 11 (Reuters) – Boeing Co on Wednesday
announced a major restructuring of its defense and space
business to tighten oversight of the troubled $52 billion KC-46A
aerial tanker and other key development programs, cut costs and
keep programs on schedule.
Chris Chadwick, president and chief executive officer of
Boeing’s $31 billion Defense, Space & Security business, or BDS,
said a new organization would oversee six key development
programs, just as Boeing has a separate group to oversee
development of new commercial airplanes.
WASHINGTON/SYDNEY, Feb 10 (Reuters) – Australia has picked
Britain’s BAE Systems to carry out heavy maintenance of
Lockheed Martin Corp’s F-35 fighter jet in Australia
from 2018 and Tasman Aviation Enterprises (TAE) to service its
engines, its defence minister said on Tuesday.
Sources in the United States familiar with the decision, who
were not authorised to speak publicly, had confirmed the deal to
Reuters on Monday.
WASHINGTON, Feb 6 (Reuters) – The U.S. Navy on Friday
announced further actions to fix wiring and fuel line problems
on its CH-53E and MH-53E heavy-lift helicopters that caused a
deadly crash in January 2014, including a temporary ban on
in-flight fuel transfers.
The Navy also said it would send 10 teams of experts to help
Navy and Marine Corps mechanics inspect and resolve specific
wiring and fuel line problems, according to a statement posted
by Naval Air Systems Command, also known as Navair.
WASHINGTON, Feb 6 (Reuters) – A $1.6 billion ground control
system being developed by Raytheon Co for Global
Positioning System (GPS)satellites passed a Pentagon review, but
will be monitored to ensure it stays on track, a senior Air
Force official said on Friday.
Major General Roger Teague, director of space programs for
the Air Force acquisition chief, told reporters Thursday’s
review by chief arms buyer Frank Kendall went well, but program
officials and the contractor got “tough marching orders” to
stick to schedule and cost targets.
By Andrea Shalal and Subrat Patnaik
(Reuters) – Harris Corp (HRS.N: Quote, Profile, Research) will buy Exelis Inc (XLS.N: Quote, Profile, Research) in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense.
Shares of Exelis soared as much as 37.4 percent to a record $24.34 on Friday, topping the $23.75 per share cash-and-stock offer from Harris.
WASHINGTON, Feb 6 (Reuters) – Northrop Grumman Corp
said on Friday it is designing and already building a new
aircraft for the upcoming U.S. Air Force T-X competition to
build 350 new training planes, an $11 billion program that
analysts say could double in value in coming years.
Northrop, which built the B-2 stealth bomber and makes the
center fuselage of the F-35 fighter jet, said it planned to fly
a prototype of the new trainer for the first time this year.
WASHINGTON, Feb 5 (Reuters) – The Pentagon’s plans to fund
50 percent more F-35 fighter jets in fiscal 2016 will help drive
down the price of the new plane and its engine, a top official
at engine maker Pratt & Whitney, a unit of United Technologies
Corp, said on Thursday.
Bennett Croswell, president of Pratt’s military engines
division, said the company had submitted a proposal for the
ninth and tenth batches of engines to the F-35 program office,
and he hoped to sign those agreements by the end of 2015.
WASHINGTON, Feb 5 (Reuters) – Sikorsky Aircraft, a unit of
United Technologies Corp, is seeing a big spike in
demand for its UH-60 Black Hawk helicopters from Eastern Europe,
a top company executive said on Thursday.
Several Eastern European countries have already submitted a
formal request for the aircraft to the U.S. government, Samir
Mehta, president of Sikorsky Defense Systems & Services, told
reporters at the company’s Washington office.
WASHINGTON, Feb 4 (Reuters) – Ashton Carter, President
Barack Obama’s nominee to lead the Pentagon, on Wednesday
underscored his determination to boost the U.S. defense budget,
drive down the cost of new weapons and make sure new
technologies are delivered to troops more quickly.
Carter, who served as the Pentagon’s chief weapons buyer and
the No. 2 official before leaving for a stint in the private
sector, told the Senate Armed Services Committee that there was
no “silver bullet” to fix the way the Pentagon buys weapons.