Andrea's Feed
Sep 8, 2015

Aerojet makes $2 billion offer for Lockheed-Boeing joint venture: sources

WASHINGTON (Reuters) – Aerojet Rocketdyne Holdings Inc (AJRD.N: Quote, Profile, Research, Stock Buzz) has submitted a $2 billion offer to buy United Launch Alliance (ULA), a spacecraft launch services provider that is a joint venture of Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) and Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), according to sources familiar with the matter.

Aerojet Rocketdyne board member Warren Lichtenstein, the chairman and chief executive of Steel Partners LLC, approached ULA President Tory Bruno and senior Lockheed and Boeing executives about the bid in early August, the sources said.

Sep 8, 2015

Lockheed protests U.S. Army truck award to Oshkosh

WASHINGTON (Reuters) – Lockheed Martin Corp said on Tuesday it filed a formal protest against a $6.75 billion U.S. Army contract for new armored trucks awarded to Oshkosh Corp last month, while the other losing bidder, AM General, opted to skip such a move.

“Lockheed Martin does not take protests lightly, but we are protesting to address our concerns regarding the evaluation of Lockheed Martin’s offer,” the company said in a statement. Lockheed did not elaborate on its concerns.

Sep 6, 2015

Lean manufacturing transforms Wisconsin maker of U.S. Navy warships

, Sept 6 (Reuters) – Big investments, lean
manufacturing techniques borrowed from the automotive industry,
and a more engaged workforce have revamped the Wisconsin
shipyard where Italy’s Fincantieri SpA builds the
Freedom variant of the U.S. Navy’s coastal warships for prime
contractor Lockheed Martin Corp.

Fincantieri invested $100 million in recent years to
transform the 1940s era shipyard into a state-of-the-art
facility, where seven LCS ships are now under construction,
including three that have already been launched into the river.

Sep 3, 2015

Cyber missions could fuel Boeing EA-18G orders: U.S. Navy chief

WASHINGTON (Reuters) – The Pentagon is evaluating whether potential cyber missions could drive demand for additional Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) EA-18G electronic attack jets, or Growlers, the top U.S. Navy officer told Reuters on Thursday.

Chief of Naval Operations Admiral Jonathan Greenert said any decisions about additional orders of Growlers should be included in the Pentagon’s budget request for fiscal 2017, since Boeing will shut the production line after all orders have been fulfilled.

Sep 2, 2015

Pentagon eyes ways to motivate arms makers to invest more in R&D

WASHINGTON, Sept 2 (Reuters) – The Pentagon’s chief arms
buyer said on Wednesday he was “not crazy” about growing share
buybacks across the weapons industry but acknowledged a dearth
of new arms programs has made it difficult for companies to
invest in new technologies.

Defense Undersecretary Frank Kendall said he hoped that a
series of technology demonstration projects to be announced with
the fiscal 2017 defense budget would motivate companies to step
up internal spending on research and development projects.

Sep 2, 2015

US Air Force says bomber designs stealthier, better tested

WASHINGTON, Sept 2 (Reuters) – The U.S. Air Force said on
Wednesday that two competing designs for the next-generation
bomber are stealthier than the B-2 bomber and have been more
extensively tested than other developmental weapons programs
before a contract award.

Air Force Secretary Deborah James last week said the service
would award a contract soon for the new long-range bomber, which
will replace the current aging B-1 and B-52 bombers, but refused
to be drawn on a specific date.

Sep 2, 2015

Saudi Arabia, U.S. near deal for two Lockheed warships: sources

WASHINGTON (Reuters) – Saudi Arabia is in advanced discussions with the U.S. government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the U.S. Navy, and could reach agreement by the end of the year, according to sources familiar with the talks.

The frigate sale, valued at well over $1 billion, will be the cornerstone of a long-delayed multi billion dollar modernization of the Royal Saudi Navy’s Gulf-patroling eastern fleet of aging U.S. warships and would include smaller patrol boats. It underscores the strong business and military ties between the two countries, despite tensions over the U.S.-led Iran nuclear deal.

Aug 31, 2015

U.S. senators chide Pentagon over errors in bomber cost estimate

WASHINGTON, Aug 31 (Reuters) – The leaders of the U.S.
Senate Armed Services Committee blasted significant errors in
recent Air Force estimates of the cost of a new strike bomber in
a terse letter to Defense Secretary Ash Carter made public on
Monday, and demanded a detailed explanation.

Air Force Secretary Deborah James last week decried the
botched cost estimate as a “regrettable error” and blamed it on
human error and a lack of proper oversight. She
said a contract award was expected soon.

Aug 28, 2015

Tests show F-35s can share data with older aircraft

WASHINGTON, Aug 28 (Reuters) – Two weeks of joint testing of
the Lockheed Martin Corp F-35 fighter jet at a
California air base by the Royal Netherlands Air Force showed
that the new stealthy jets are able to share a significant
amount of data with older warplanes, the pilot in charge of
Dutch F-35 testing told Reuters.

Colonel Albert De Smit, commander of the Netherlands
operational test detachment, said the testing sought to validate
that the new fifth-generation F-35s could share useable data
with older F-16s and aerial refueling aircraft via the Link 16

Aug 28, 2015

Pentagon revises plan to beef up oversight of industry R&D

WASHINGTON (Reuters) – The Pentagon’s chief arms buyer announced on Thursday he was revising his plan to increase oversight of weapons makers’ internal research and development projects that could be billed as overhead, after sharp criticism from industry executives.

Frank Kendall, undersecretary of defense for acquisition, technology and logistics, said he no longer planned to require companies to seek a “technical sponsor” before beginning an internal research program but would instead propose they be required to brief an appropriate defense official before and after such work.