WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz) and Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz), on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives.
Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA’s ongoing efforts to adapt to what he called “an increasingly competitive business environment” and redesign its leadership team.
WASHINGTON, May 15 (Reuters) – The U.S. Air Force is
considering opening to competition future upgrades of the
Lockheed Martin Corp F-35 fighter jet in the Pentagon’s
costliest arms project, the Air Force’s top acquisition official
William LaPlante said the service was assessing costs to
transform the airplane’s software into a so-called “open
architecture” system that would make it easier to plug in future
WASHINGTON (Reuters) – The U.S. Air Force’s acquisition chief said on Friday he expects the Air Force to announce the winner of a hard-fought competition to build a new long-range strike bomber in one to two months.
Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team of Boeing Co and Lockheed Martin Corp to build 80 to 100 new LRS-B aircraft for the Air Force at a fixed price of no more than $550 million each.
WASHINGTON, May 15 (Reuters) – The U.S. Air Force’s
acquisition chief said on Friday he expects the Air Force to
announce the winner of a hard-fought competition to build a new
long-range strike bomber in one to two months.
Northrop Grumman Corp, maker of the B-2 bomber, is
competing against a team of Boeing Co and Lockheed Martin
Corp to build 80 to 100 new LRS-B aircraft for the Air
Force at a fixed price of no more than $550 million each.
WASHINGTON (Reuters) – The U.S. Air Force expects to complete a reevaluation of bids to build a $1 billion long-range radar system in about three months, after Raytheon Co lost a legal bid to halt the review, the top Air Force acquisition official said Friday.
Assistant Secretary William LaPlante told reporters that the Air Force would clarify the technology readiness level required for one aspect of the new radar and ask all three bidders to resubmit their proposals.
WASHINGTON (Reuters) – A U.S.-supplied missile shield to protect Gulf nations against Iranian attacks will take years to complete, requiring a step-up in regional trust, more U.S. sales of sensitive weapons, and intensive U.S. training to avoid mishaps in the volatile region.
A renewed joint commitment to build the regional defense system was one of the few firm outcomes of Thursday’s Camp David summit between President Barack Obama and Gulf allies, which were seeking fresh U.S. defense pledges ahead of a possible nuclear deal they fear will empower arch-rival Iran.
WASHINGTON, May 14 (Reuters) – The U.S. Senate Armed
Services Committee on Thursday approved a
2016 defense policy bill that maps out a series of acquisition
reforms and adds funding for big weapons programs like Boeing
Co’s F/A-18 Super Hornets and Lockheed Martin Corp’s
F-35 fighter jet.
Committee Chairman John McCain, an Arizona Republican, told
reporters the committee trimmed $10 billion in “excess and
unnecessary funding” from the Pentagon’s proposed budget,
including $460 million removed from Air Force funding request
for a new long-range strike bomber, to fund the extra weapons.
WASHINGTON, May 13 (Reuters) – The U.S. Air Force on
Wednesday kicked off its first major satellite launch
competition in over a decade, issuing a draft request for
proposals for the launch of a next-generation Global Positioning
Air Force Space and Missile Systems Center said the contract
to be awarded after the competition would include launch vehicle
production, mission integration and launch operations.
ANNAPOLIS (Reuters) – U.S. Navy Secretary Ray Mabus on
Wednesday announced a doubling of paid maternity leave and other
sweeping changes aimed at creating a more flexible and healthy
work environment, and convincing more women to stay in the Navy
“The goal is to have a far more flexible career path (and)
to be more family-friendly,” Mabus told reporters after a speech
outlining the initiative at the U.S. Naval Academy.
WASHINGTON, May 13 (Reuters) – U.S. Senate Armed Services
Committee Chairman John McCain on Wednesday rejected a request
by U.S. officials for changes in federal law to let the two
largest U.S. arms makers use more Russian rocket engines to
compete for military satellite launches against privately held
McCain’s comments reflect frustration among some lawmakers
about the Pentagon’s failure to halt purchases of the RD-180
Russian engines after Russia’s annexation of Crimea.