WASHINGTON, April 16- The U.S. Navy on Wednesday said it would delay the commissioning of the North Dakota, a new Virginia-class submarine that was due to enter active service on May 31, to carry out more design work and resolve quality problems with certain components.» Read More
WASHINGTON, April 8- The U.S. Air Force general who runs the F-35 fighter jet program for the Pentagon said he expected to reach agreement with both Lockheed Martin Corp and engine-maker Pratt& Whitney by the end of May for the next order of fighter planes.
The Defense Department decided it could skip further orders for Boeing's F/A-18 fighter jets and EA-18G electronic attack planes after concluding that a halt in their production would not jeopardize suppliers for other big weapons programs, said Elana Broitman, the Pentagon's top industrial base official.
WASHINGTON, March 28- Lockheed Martin Corp has won a U.S. Army contract worth $611 million to build 92 missiles and 50 launcher modification kits, the company's first production contract for a new enhanced missile designed to upgrade the Patriot missile defense system.
WASHINGTON, March 27- The United States said on Thursday it imposed a ban this week on the issuance of licenses for the export of defense items and defense services to Russia in response to Russia's annexation of Crimea.
WASHINGTON, March 27- The U.S. State Department said on Thursday it imposed a ban this week on the issuance of licenses for the export of defense items and defense services to Russia in response to Russia's annexation of Crimea.
*Boeing gets contract for 24 Apache attack helicopters. DOHA, March 27- Qatar announced contracts worth about $23 billion on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co, Airbus and other arms makers as the Gulf state accelerates its military build-up.
Two espionage experts argue that understanding motive is as important as tech solutions to stopping the next Edward Snowden.
*Faster timeframe reflects crisis in next-door Ukraine. WARSAW/ WASHINGTON, March 20- Poland has decided to speed up its tender for a missile defence system, the Defence Ministry said, in a sign of Warsaw's disquiet over the tension between neighbouring Ukraine and Russia.
WARSAW/ WASHINGTON, March 20- Poland has decided to speed up its tender for a missile defence system, a defence ministry spokesman said on Thursday, in a sign of Warsaw's disquiet over the tension between neighbouring Ukraine and Russia.
*Air force chief denies saying plane tracked to Malacca Strait. KUALA LUMPUR, March 12- Malaysia's air force chief has denied saying military radar tracked a missing Malaysia Airlines jetliner over the Strait of Malacca, adding to the mystery surrounding the fate of flight MH370, which vanished on Saturday with 239 people aboard.
WASHINGTON, March 11- Top U.S. defense officials are bracing for a brutal season of budget negotiations, warning U.S. lawmakers that the U.S. military will gradually become unable to respond to emerging crises if Congress blocks the Pentagon's plans to cut military compensation, close bases and retire entire fleets of aircraft.
WASHINGTON, March 11- The U.S. Air Force is "holding tight" to a target of $550 million for each new long-range bomber in a fleet of up to 100 aircraft, excluding research and development costs, an Air Force official said on Tuesday. The Air Force planned to spend nearly $12 billion on the bomber program over the next five years, said spokesman Ed Gulick.
KUALA LUMPUR, March 11- Malaysia's military believes it tracked a missing jetliner by radar over the Strait of Malacca, far from where it last made contact with civilian air traffic control off the country's east coast, a military source told Reuters. It made it into the Malacca Strait, "the military official, who has been briefed on investigations, told Reuters.
WASHINGTON, March 6- The U.S. Navy plans to add 22 Boeing electronic attack jets to a list of "unfunded" priorities requested by Congress, but the document must still be vetted by senior Pentagon officials, who have underscored their commitment to Lockheed Martin Corp's next-generation F-35 fighter jet, sources familiar with the matter told Reuters.
WASHINGTON, March 4- The U.S. Air Force decided on Tuesday to start work on a new rescue helicopter by United Technologies Corp's Sikorsky Aircraft in fiscal 2015, a surprising turnaround hours after the Pentagon told Congress the program had been postponed.
The Ukraine crisis is a reminder that defense sector stocks can be a strong defensive play. Consider the strong outlook for Lockheed Martin.
President Obama is expected to release his full year 2015 budget on Tuesday. CNBC's Jane Wells reports defense stocks were up on a down market day today.
The U.S. spent more than $600 billion on its military forces in 2012, the latest figures available. Here's a look at where the money went.
HUNTSVILLE, Alabama, Feb 21- The Pentagon is committed to early design work on a new aircraft that will replace thousands of helicopters now used by the U.S. military, its first "clean sheet design" program in years, the Army official heading the effort said on Friday.
Chris Tinker, founder of Libra Investment Services, says the falloff in BAE Systems' stock after a profit warning is overdone, because the U.S.'s defense cutbacks are old news.