Andrea's Feed
Jun 22, 2015

Overcapacity stifling Europe’s defense industry

PARIS/BRUSSELS (Reuters) – Europe’s politicians need to put aside national pride and security sensitivities and let the defense industry tackle the overcapacity that has led to competing production of tanks and fighter jets, executives and EU officials say.

The industry’s outlook is brightening, helped by a stronger economy, increased military spending in other regions driven by tensions in Ukraine, the Middle East and southeast Asia.

Jun 19, 2015

Helicopter makers upbeat on market despite oil-led slump

PARIS, June 19 (Reuters) – Top U.S. and European helicopter
executives said this week that the oil price-led commercial
helicopter market slump would be temporary and that they will
keep investing in new technologies given the sector’s positive
long-term outlook.

The downturn will likely last 18 to 24 months, Sikorsky
Aircraft’s new president, Robert Leduc, said at Paris Airshow,
adding that he fully expected demand to rebound at some point.

Jun 19, 2015

Harris aims to stay agile through continued high R&D investment

PARIS (Reuters) – U.S. defense contractor Harris Corp says its high rate of investment in research and development should help it remain agile and innovative following its recent takeover of Exelis.

Chief Executive Bill Brown told Reuters at the Paris Airshow that employees and customers were responding positively to the acquisition, which was completed late last month.

Jun 18, 2015

U.S. cyber hack unsettles, frustrates U.S. defense industry

PARIS, June 18 (Reuters) – U.S. weapons industry executives
say they are disappointed and frustrated about a massive U.S.
cyber breach that exposed sensitive information about millions
of Americans, including many thousands who work on high-security
arms projects.

Details are still emerging about major cyber attacks on the
U.S. Office of Personnel Management that were first disclosed
earlier this month and U.S. officials have linked those breaches
to China. China denies any involvement.

Jun 18, 2015

U.S. arms makers say sales process improving but still too slow

PARIS, June 17 (Reuters) – American weapons makers this week
welcomed a push by U.S. government agencies to better coordinate
on arms sales policies, but say most deals still take far too
long to process, frustrating potential customers.

Many U.S. arms makers have sought to offset declines in
American and European defense spending by boosting international
sales, but they regularly complain that slow government
approvals of deals frustrates some customers and drives them to
look at offers from non-U.S companies.

Jun 17, 2015

U.S. weapons makers say sales process still too slow

PARIS, June 17 (Reuters) – American weapons makers have
welcomed a push by U.S. government agencies to better coordinate
on arms sales policies, but say most deals still take far too
long to process, frustrating potential customers.

Many U.S. arms makers have sought to offset declines in
American and European defense spending by boosting international
sales, but they regularly complain that slow government
approvals of deals frustrates some customers and drives them to
look at offers from non-U.S companies.

Jun 17, 2015

Sikorsky tells US ownership change won’t affect CH-53K program

PARIS (Reuters) – Sikorsky Aircraft has assured the U.S. Marine Corps that a change in its ownership will not derail its work on the CH-53K, a new heavy-lift helicopter the company is building for the Marines, the top Marine in charge of aviation told Reuters.

United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) this week announced it was getting out of the helicopter business and would announce by the end of the third quarter whether it would sell or spin off Sikorsky.

Jun 17, 2015

Boeing, Bell eye up to 100 more sales of V-22 Osprey

PARIS (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and Bell Helicopter, makers of the V-22 Osprey, say more countries are interested in buying the tiltrotor aircraft, with another 100 sales possible in coming years.

The United Arab Emirates and a number of other countries are looking at buying 6 to 12 of the aircraft, which take off and land like a helicopter, but fly like a plane, company executives told Reuters at the Paris air show.

Jun 17, 2015

U.S. Marine general keeps ‘careful eye’ on F-35 spare parts

PARIS (Reuters) – The top U.S. Marine in charge of aviation is “very confident” about the $391 billion Lockheed Martin Corp F-35 fighter program ahead of a decision on the jet’s combat-readiness, but said he is keeping “a careful eye” on the spare parts supply.

Lieutenant General Jon Davis, deputy commandant for aviation, said on Tuesday the 10 jets in an initial squadron had completed retrofits and were being repainted. Only a few items had to be checked off before the Marine Corps kicks off in mid-July a tough operational readiness review of the first F-35 squadron that could be sent into combat.

Jun 16, 2015

Textron upbeat on Scorpion jet; UK plans test flights

PARIS (Reuters) – Textron Inc (TXT.N: Quote, Profile, Research) on Tuesday said it was upbeat about the prospects of its new Scorpion light attack and spy jet, which is gearing up for 10 days of UK flight demonstrations and visits to other European countries in coming weeks.

Scott Donnelly, chief executive of Textron, told Reuters the new aircraft, which was developed by Textron and a private group named Airland Enterprises, had amassed over 400 hours of flight time since its first flight in December 2013.