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.
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.
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.
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.
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.
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.
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
WASHINGTON, Oct 23 (Reuters) – Northrop Grumman Corp
, 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.
WASHINGTON, Oct 23 (Reuters) – Major U.S. weapons makers
posted higher third-quarter profit on Wednesday despite budget
cuts, their margins remained largely solid or rose in places,
and revenue fell less than expected.
But executives at the top four weapons makers – Lockheed
Martin Corp, Boeing Co, General Dynamics Corp
and Northrop Grumman Corp – said the outlook
remains hazy given lingering uncertainty over defense budgets in
the United States and abroad. Raytheon Co is due to
report earnings on Thursday.
WASHINGTON/SEOUL (Reuters) – South Korea is nearing a decision to buy some Lockheed Martin Corp F-35 fighter jets, but will likely keep its options open for a limited purchase of Boeing Co’s F-15, sources familiar with the country’s fighter competition said on Wednesday.
South Korean officials could announce their plans as early as November to secure the funding needed to ensure initial deliveries of the F-35 in 2017, according to multiple sources who were not authorized to speak publicly. They cautioned that the decisions were not yet final, and an announcement could still be postponed if the decision-making process hits a snag.