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  • WASHINGTON, Nov 1- The U.S. military on Sunday hailed the success of a complex $230 million test of the U.S. missile defense system that it said showed the ability of the Aegis and THAAD weapons systems to identify and destroy ballistic and cruise missiles at once. The test was conducted near Wake Island in the western Pacific Ocean around 11:05 p.m. EDT by the U.S....

  • WASHINGTON, Oct 29- The U.S. Air Force is due to brief Boeing Co on Friday about its decision to award Northrop Grumman Corp a huge contract to build a next-generation long-range strike bomber, according to two sources familiar with the matter. Air Force officials could not immediately be reached for comment. The Air Force on Tuesday selected Northrop, maker of the...

  • Pentagon warns defense companies over consolidation Thursday, 15 Oct 2015 | 3:25 PM ET
    Pentagon warns defense companies over consolidation

    The Pentagon is less than pleased with the trend of consolidation and share buybacks in the defense sector, reports CNBC's Jane Wells.

  • WASHINGTON, Oct 13- The pending takeover of United Technologies Corp's Sikorsky Aircraft by Lockheed Martin Corp will not affect prototype work on an aircraft that will replace thousands of helicopters, U.S. Army acquisitions chief Heidi Shyu said on Tuesday. Last year one team from Boeing Co and Sikorsky and one team from Textron Inc's Bell Helicopter were...

  • Oct 7- Alcoa Inc said it had got a contract to supply titanium to Lockheed Martin Corp's F-35 Lightning II aircraft. The contract has an estimated value of about $1.1 billion, the company said on Wednesday. Alcoa said it would supply titanium for airframe structures for all three variants of the F-35 fighter jets over nine years, from 2016 to 2024..

  • *Air force struggling to keep parity with China, Pakistan. NEW DELHI, Oct 7- India's government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. The push for India's struggling Tejas light combat...

  • Oct 6- L-3 Communications Holdings Inc said it was among 12 contractors shortlisted to compete for a U.S. Air Force contract potentially worth about $20.9 billion over 10 years. If selected, L-3 will provide analysis, design, development, production maintenance and system-specific training systems for the U.S. Air Force's TSA III program, the company said on...

  • Washington, Oct 1- Senator John McCain on Thursday said huge cost overruns on a new class of aircraft carriers built by Huntington Ingalls Industries Inc made it "one of the most spectacular acquisition debacles" in recent years, and the Navy needed different options for the future. Senator Jack Reed, the top Democrat on the committee, echoed McCain's concerns, and...

  • WASHINGTON, Sept 30- Northrop Grumman Corp has won a contract worth up to $3.2 billion for continued development, modernization and maintenance of all U.S. Air Force variants of the Global Hawk unmanned surveillance plane, the Pentagon said on Wednesday. The umbrella contract will allow the Air Force to order parts and services as needed through Sept. 30, 2020,...

  • WASHINGTON, Sept 30- Pentagon officials warned on Wednesday against further consolidation in the U.S. weapons industry because fewer defense contractors could lead to higher costs, decreased innovation and less competition. The comments came days after the U.S. Justice Department approved Lockheed Martin Corp's $9 billion acquisition of Sikorsky...

  • *China offers to sell submarines to Cairo- Egypt military source. *China has reached recent deals with Pakistan and Bangladesh. SINGAPORE/ CAIRO, Sept 16- China is trying to sell two submarines to Egypt that are cheaper than vessels on offer from Germany, industry sources told Reuters, as Beijing looks to expand weapons exports beyond its traditional customer base...

  • Can drones replace the U-2? Monday, 14 Sep 2015 | 1:23 PM ET
    Can drones replace the U-2?

    CNBC's Jane Wells reports on one defense company's efforts to spare its drone program from defense budget cuts and adapt to the future.

  • WASHINGTON, Sept 4- Lockheed Martin Corp beat out Raytheon Co to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday. The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to...

  • Tests show F-35s can share data with older aircraft Friday, 28 Aug 2015 | 12:41 PM ET

    WASHINGTON, Aug 28- 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...

  • WASHINGTON, Aug 26- Oshkosh Corp will dominate the U.S. military's wheeled vehicle market after winning a $6.75 billion deal to build 17,000 armored trucks to replace the U.S. Army and Marine Corps' aging fleet of 140,000 Humvees, analysts said on Wednesday. The Army said Tuesday that Oshkosh beat AM General, the privately held maker of the original Humvees, and a...

  • *But refuses to say if Japan will build vessels in Australia. ADELAIDE, Australia, Aug 26- Japan's effort to charm Australian politicians and the public over its bid for a A $50 billion submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building the vessels in Australia. Once seen as the frontrunner to win...

  • ADELAIDE, Australia, Aug 26- Japan's effort to charm Australian politicians and the public over its bid for a A $50 billion submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building the vessels in Australia. Once seen as the frontrunner to win the contract, the Japanese bid has since come under...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced on Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a multibillion-dollar competition to build a new light tactical vehicle for the U.S. Army and Marine Corps to replace their aging fleet of Humvees, sources familiar with the decision said Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM...