Andrea's Feed
Oct 8, 2015

SpaceX raps ULA bid to get U.S. waiver for Russian engines

WASHINGTON (Reuters) – Space Exploration Technologies, or SpaceX, has slammed a bid by United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, to get a waiver from a U.S. ban on Russian rocket engines for military use.

Elon Musk, the billionaire founder of Tesla Motors and chief executive of SpaceX, told Defense Secretary Ash Carter that federal law already allowed ULA to use “a substantial number” of engines.

Oct 8, 2015

Ex-Im Bank saga risks Boeing jet orders: Ethiopian Airlines

WASHINGTON (Reuters) – Ethiopian Airlines told Boeing Co that the shutdown of the U.S. Export-Import Bank raised concerns about the airline’s ability to take delivery of Boeing jets already ordered and would force it to reevaluate future orders.

Boeing, which is fighting hard to get the trade bank reauthorized by Congress, on Thursday released a letter from the airline, saying it had 21 aircraft on order that had not been delivered with a total list price of more than $2.5 billion.

Oct 8, 2015

U.S. says ready to defend against North Korean nuclear threat

WASHINGTON, Oct 7 (Reuters) – The U.S. government believes
North Korea has the capability to launch a nuclear weapon
against the U.S. homeland and stands ready to defend against any
such attacks, a high-level U.S. military official said on
Wednesday.

Admiral Bill Gortney, commander of U.S. Northern Command and
the North American Aerospace Defense Command, said he agreed
with U.S. intelligence assessments that North Korea had nuclear
weapons, as well as the ability to miniaturize them and put them
on a rocket that could reach the United States.

Oct 8, 2015

Media savvy Islamic State grave concern for U.S. at home: admiral

WASHINGTON (Reuters) – A recruiting push by Islamic State militants via thousands of Twitter accounts and other social media postings remains one of the biggest threats facing the United States, a high-level U.S. military official said on Wednesday.

Admiral Bill Gortney, commander of U.S. Northern Command and the North American Aerospace Defense Command, said he was particularly concerned about radicalized youth in the United States who were “in receive mode” but not communicating back.

Oct 6, 2015

Pentagon sees decision soon on Russian rocket engine waiver

WASHINGTON, Oct 6 (Reuters) – The U.S. Defense Department
expects to decide “fairly soon” whether to issue a waiver to
United Launch Alliance, a joint venture of Lockheed Martin Corp
and Boeing Co, that would allow it to continue
using Russian rocket engines, the Pentagon’s top acquisition
official said on Tuesday.

Without a waiver, or a change in last year’s law banning the
use of Russian engines on some launches, ULA said it cannot
compete against Space Exploration Technologies, or SpaceX, which
won certification earlier this year to compete against ULA.

Oct 6, 2015

Pentagon sees big impact if Congress fails to pass FY16 budget

WASHINGTON (Reuters) – The U.S. Defense Department would protect spending on operations and readiness if Congress fails to pass a budget for fiscal 2016, so procurement programs would sustain most of the impact, the Pentagon’s chief arms buyer said Tuesday.

Defense Undersecretary Frank Kendall said a long-term continuing resolution would maintain spending at last year’s levels. This could cause the department to break multiyear agreements with companies, he said, which would result in expensive penalties.

Oct 5, 2015

New York state to build large-scale 3D printing plant-sources

WASHINGTON, Oct 5 (Reuters) – New York state will invest
$125 million to build the world’s first industrial-scale 3D
printing facility as part of a private-public partnership with
Norway’s Norsk Titanium AS, according to sources familiar with
the deal.

A groundbreaking for the plant is expected in late October
or November in Plattsburgh, New York, about 160 miles north of
the state capital of Albany, said the sources, who could not
speak publicly before an announcement by the state.

Oct 3, 2015

Investment, pricing helped Orbital beat Aerojet for rocket boosters: ULA

WASHINGTON (Reuters) – Orbital ATK Inc beat out Aerojet Rocketdyne Holdings Inc to become the future sole supplier of solid rocket boosters for United Launch Alliance by offering better long-term pricing agreements, substantial cost reductions and more investment, ULA said Friday.

Tory Bruno, chief executive officer of the 50-50 venture owned by Lockheed Martin Corp and Boeing Co, said the deal with Orbital, announced last week, was one of many strategic agreements the company was forging with big suppliers to drive down costs and prepare for more competition.

Oct 2, 2015

Exclusive – Canada’s Bombardier turns to Caisse for cash: sources

MONTREAL/WASHINGTON (Reuters) – Canada’s Bombardier Inc (BBDb.TO: Quote, Profile, Research) is in discussions with the Caisse de depot et placement du Quebec, which manages Quebec’s public pension plans, on a deal that could inject more cash into the troubled plane and train maker, according to two sources familiar with the matter.

It was not immediately clear how a potential deal would be structured. One source familiar with the company’s thinking said the Caisse, already one of Bombardier’s biggest shareholders, was contemplating taking a larger stake in the Montreal-based company.

Oct 2, 2015

Exclusive – Bombardier turns to Caisse for cash: sources

MONTREAL/WASHINGTON (Reuters) – Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) is in discussions with the Caisse de depot et placement du Quebec, which manages Quebec’s public pension plans, on a deal that could inject more cash into the troubled plane and train maker, according to two sources familiar with the matter.

It was not immediately clear how a potential deal would be structured. One source familiar with the company’s thinking said the Caisse, already one of Bombardier’s biggest shareholders, was contemplating taking a larger stake in the Montreal-based company.