Jim's Feed
Dec 30, 2012

Senate, House ag committees in deal to avert milk price spike

WASHINGTON (Reuters) – Farm-state lawmakers have agreed to a one-year extension of the expiring U.S. farm bill that, if enacted, would head off a possible doubling of retail milk prices to $7.OO or more a gallon in 2013.

The compromise measure resulted from bipartisan discussions in the House of Representatives’ Agriculture Committee and talks with colleagues in the U.S. Senate, Frank Lucas of Oklahoma, the House panel’s chairman, said in a statement Sunday.

Dec 28, 2012

U.S. clears way for wider in-flight Internet deployment

WASHINGTON (Reuters) – The U.S. Federal Communications Commission has cleared the way for wider adoption of in-flight Internet services, aiming to cut by as much as 50 percent the time needed for regulatory approval.

Newly adopted rules should boost competition in this part of the U.S. mobile telecommunications market and promote “the widespread availability of Internet access to aircraft passengers,” the FCC said in a statement Friday.

Dec 25, 2012

U.S. moves to sell advanced spy drones to South Korea

WASHINGTON (Reuters) – The Obama administration formally proposed a controversial sale of advanced spy drones to help South Korea bear more of its defense from any attack by the heavily armed North.

Seoul has requested a possible $1.2 billion sale of four Northrop Grumman Corp RQ-4 “Global Hawk” remotely piloted aircraft with enhanced surveillance capabilities, the Pentagon’s Defense Security Cooperation Agency said in a statement dated on Monday and distributed on Tuesday.

Dec 14, 2012

For Lockheed’s F-16 fighter, still buyers after all these years

WASHINGTON, Dec 13 (Reuters) – The end of the line for the
F-16 jet fighter is set to go on receding, the top executive of
manufacturer Lockheed Martin Corp said on Thursday.

“We’ve been having that conversation for over a decade,”
Chief Executive Robert Stevens said in an interview. Pressed on
his current expectation when it would close, he shot back:
“We’ll have that conversation for over a decade.”

Dec 13, 2012

Lockheed well-placed amid global insecurities, CEO says

WASHINGTON (Reuters) – North Korea’s launch this week of a long-range rocket may have sparked an outcry across much of the globe but the anxieties it has provoked could mean more business for Lockheed Martin Corp, the world’s largest arms maker.

Lockheed, the Pentagon’s No. 1 supplier by sales, makes a wider range of missile shields that have been successfully tested than “anybody else on this planet,” Robert Stevens, the company’s chief executive, told Reuters on Thursday.

Dec 7, 2012

Iran’s long-range missiles said to lag U.S. intelligence fears

WASHINGTON (Reuters) – An internal report for the U.S. Congress has concluded that Iran probably is no longer on track, if it ever was, to having an ocean-crossing missile as soon as 2015.

The study casts doubt on a view long held by U.S. intelligence agencies that Iran could be able to test-fly by 2015 an intercontinental ballistic missile, or ICBM, if it receives “sufficient foreign assistance.”

Dec 7, 2012

U.S. seeks to require black boxes in all cars

WASHINGTON (Reuters) – Devices that record crash-related data would be required in all new cars and light trucks under a U.S. Department of Transportation proposal made on Friday to broaden their growing use in the United States.

The proposed rule, which may stir consumer privacy concerns, would require automakers to put “event data recorders” in light passenger vehicles weighing less than 8,500 pounds, effective September 1, 2014.

Dec 5, 2012

U.S. aerospace industry sees 10th straight growth year

WASHINGTON (Reuters) – U.S. aerospace and arms companies are poised for 2.8 percent overall sales growth next year to about $224 billion, which would mark their 10th straight year of growth, barring steep Pentagon budget cuts, the industry’s chief trade group said on Wednesday.

The forecast does not factor in so-called sequestration, a process that would lop about 10 percent off Pentagon arms purchases starting next month if Republicans and Democrats fail to agree on a new plan to pare federal deficits.

Dec 5, 2012

US aerospace industry projects 10th straight growth year

WASHINGTON, Dec 5 (Reuters) – U.S. aerospace and arms
companies are poised for sales growth in 2013 for what would be
their 10th straight year, even as the Pentagon prepares to cut
its purchases as much as 10 percent, the industry’s chief trade
group said Wednesday.

One of the economy’s bright spots, these companies continued
to lead the United States in the net export of manufactured
goods, buoyed by strong civil aircraft sales, the Aerospace
Industries Association said.

Nov 29, 2012

Israel: US co-production of rocket shield not option ‘right now’

WASHINGTON, Nov 29 (Reuters) – Israel has agreed to give the
United States the know-how needed to produce interceptors used
by the vaunted Iron Dome rocket shield, but it is not interested
in any proposed co-production yet, an Israeli official told
Reuters Thursday.

Using radar-guided interceptor missiles, Israel’s Iron Dome
defense system shot down 421 of some 1,500 rockets launched from
the Gaza Strip between Nov. 14 and an Egyptian-brokered truce on
Nov. 21, according to the Israeli military.