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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.

Jun 5, 2014

Canadian review will recommend buying Lockheed F-35 fighter jet-sources

WASHINGTON, June 5 (Reuters) – Canada is poised to buy 65
Lockheed Martin Corp F-35 Joint Strike Fighter jets,
sources familiar with the process told Reuters, marking a major
renewal of Canada’s fighter fleet and helping contain costs of
the expensive defense program.

An 18-month review of Canada’s fighter jet needs has
concluded that the government should skip a new competition and
proceed with the C$9 billion ($8.22 billion) purchase, three
sources said.

Jun 5, 2014

Exclusive: Canadian review will recommend buying Lockheed F-35 fighter jet – sources

WASHINGTON (Reuters) – Canada is poised to buy 65 Lockheed Martin Corp F-35 Joint Strike Fighter jets, sources familiar with the process told Reuters, marking a major renewal of Canada’s fighter fleet and helping contain costs of the expensive defense program.

A detailed, 18-month review of Canada’s fighter jet needs has concluded that the government should skip a new competition and proceed with the C$9 billion ($8.22 billion) purchase, three sources said.

Jun 4, 2014

U.S. missile defense test could shift timing to add interceptors

WASHINGTON, June 4 (Reuters) – The success or failure of an
upcoming U.S. missile defense test could affect when the
Pentagon deploys 14 more ground-based interceptors to defend
against possible missile threats from North Korea, a top U.S.
official said Wednesday.

Peppino DeBiaso, director of missile defense policy at the
Pentagon, told a conference hosted by the Brookings Institution
and Union of Concerned Scientists that an intercept test of the
Groundbased-Midcourse Defense (GMD) system was planned “shortly”
but gave no further details about the timing.

Jun 3, 2014

Lockheed to deliver first of 36 F-16s to Iraq this week

WASHINGTON, June 3 (Reuters) – Lockheed Martin Corp
this week will deliver the first of 36 F-16 fighter jets to
Iraq, marking what Baghdad’s envoy to the United States called a
“new chapter” in his country’s ability to defend its vast
borders with Iran and other neighbors.

Iraqi Ambassador Lukman Faily will travel to Lockheed’s Fort
Worth, Texas, plant on Thursday for a ceremony at which Lockheed
and the U.S. government will formally deliver the first F-16 to
Iraq.

Jun 3, 2014

NSA chief says agency not collecting visual images of U.S. people

WASHINGTON (Reuters) – The U.S. National Security Agency is not routinely collecting visual images of people in the United States or mining photographs taken for U.S. drivers’ licenses, the four-star U.S. Navy admiral who runs the spy agency said on Tuesday.

Admiral Mike Rogers, who heads the NSA and U.S. Cyber Command, acknowledged that the agency used facial recognition technology but said the aim was to deepen its knowledge of foreign intelligence targets and counterterrorism targets. He gave no specifics.