MANAMA, Dec 7- The United States has a proven and enduring commitment to Middle East security, backed by diplomatic engagement and a fierce array of warplanes, ships, tanks, artillery and 35,000 troops, Pentagon chief Chuck Hagel told Gulf Arab leaders on Saturday.» Read More
OTTAWA, Nov 26- In the latest blow to Canada's crisis-hit military procurement process, the country's official spending watchdog said on Tuesday the government has underestimated how much a multibillion-dollar naval shipbuilding plan will cost.
WASHINGTON, Nov 22- Sikorsky Aircraft Co, a unit of United Technologies Corp, will be awarded a contract to supply the U.S. Air Force's combat rescue helicopter program, but only if funding survives the military budget axe.
DUBAI, Nov 21- The Dubai Airshow was closed on Thursday after heavy winds and rain hit the region overnight. A spokesman for the U.S. Air Force said there was no damage to the 12 U.S. aircraft that were on display as U.S. officials had moved the aircraft late on Wednesday to a nearby maintenance facility in anticipation of the storm.
DUBAI, Nov 18- Foreign sales of the V-22 tilt-rotor aircraft built by Boeing Co and Bell Helicopter could grow significantly in the "very near future," top U.S. military officials said, citing interest in both military uses and for VIP transports.
Defense contractor Lockheed Martin said it plans to cut 4,000 jobs, or more than 3 percent of its workforce, to cope with declines in U.S. spending.
*2014 earnings forecast $3.10- $3.40/ share vs est. The Pentagon's spending fell by $37 billion in 2013 and is likely to fall further by about $52 billion in 2014.. Boeing Co reported a 5 percent fall in sales of its military aircraft in the third quarter ended Sept. 30, while sales at General Dynamics Corp's combat systems business fell 30 percent.
Due to the uncertainties in Washington, it is a difficult time for the defense business, says Linda Hudson, Bae Systems CEO. She says 1,200 workers were out of work due to the shutdown and shifting Bae System's portfolio into military equipment and high tech electronics.
*Air Force may buy up to 100 bombers at up to $550 mln each. WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on a new U.S. Air Force long-range bomber program, a multibillion-dollar project that U.S. Air Force officials have described as a top acquisition priority.
WASHINGTON, Oct 24- Months after the U.S. military was hit with a $37 billion budget cut that threw it into turmoil and confusion, the Pentagon is headed into the new fiscal year facing a similar threat that could have even more devastating consequences, officials say.
*Full-year EPS seen at $8.00- $8.15. WASHINGTON, Oct 23- Northrop Grumman Corp, maker of Global Hawk unmanned planes, on Wednesday reported sharply higher-than-expected third-quarter earnings and raised its forecast for full-year profit even as U.S. military spending cuts start to bite.
WASHINGTON, Oct 23- The U.S. Navy said on Wednesday it issued a stop-work order to Raytheon Co on a next-generation Air and Missile Defense Radar valued at $1.6 billion after Lockheed Martin Corp filed a protest of the contract award.
WASHINGTON, Oct 20- The U.S. Air Force has talked for years about attracting more companies to the military satellite business to stir competition and cut costs. Billions of dollars of new contracts are at stake, both for legacy satellite and rocket launch providers such as Lockheed Martin Corp and Boeing Co, and newcomers trying to break into the market.
BRASILIA, Oct 16- Brazil is pushing ahead with a planned $1 billion purchase of anti-aircraft missile batteries from Russia in a deal that will cement a strategic defense partnership between the two BRICS nations, the Brazilian Defense Ministry said on Wednesday.
*Defence Ministry to look into complaint. India has emerged as the world's biggest arms importer as it tries to update archaic weapons systems to keep up with neighbours China and Pakistan in a $100 billion modernisation drive.
Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.
WASHINGTON, Sept 28- The United States said on Saturday it had expressed serious concerns to Turkey over its decision to co-produce a long-range air and missile defense system with a Chinese firm under U.S. sanctions.
Four missile systems- American Patriot, Russian S-400, French-Italian Eurosam Samp-T and the winner Chinese FD-2000- were in the running for the Turkish project, worth approximately $4 billion. Defence Minister Ismet Yilmaz's statement also said a contract to produce six corvette ships by Koc Holding, Turkey's biggest conglomerate, had been cancelled.
The Pentagon said it had finalized a contract worth nearly $4 billion with Lockheed Martin to supply missile equipment to the US and the UAE.
WASHINGTON, Sept 20- The Pentagon said on Friday it has finalized a contract worth $4 billion with Lockheed Martin Corp to supply equipment for a missile defense system to the United States and the United Arab Emirates.
The Department of Defense is one step closer to awarding a contract to replace nearly 55,000 Humvees with a new, more maneuverable vehicle.