LONDON-- The British government has scrapped plans to outsource the buying of military equipment due to a lack of bidders for the contract. Defense Secretary Philip Hammond had sought to privatize the defense ministry's procurement wing, but it recently emerged that only one bidder was left in the process.» Read More
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.
General Mark Welsh, the top uniformed officer in the Air Force, told industry executives at the Air Force conference this week that mounting budget pressures meant they had to "break the price curve" that has sent the cost of weapons systems skyrocketing over the past decades.
Big spending cuts by the Pentagon may not be enough to meet the reductions mandated by the sequestration.
WASHINGTON, Sept 12- The Pentagon announced five possible missile defense sites in the eastern United States on Thursday, but said it was far from any decision to proceed with what would be an "extraordinarily expensive" program expansion in an era of budget cuts.
*Navy sees multi-year deal for Virginia-class subs in FY14. WASHINGTON, Sept 12- Top U.S. Navy officials warned Congress that any further delays or cuts in funding would undercut the readiness of the declining submarine fleet, already slated for reduction by nearly 30 percent to 52 ships from 73, before an expected 2030 s' rebound.
WASHINGTON, Sept 12- The Pentagon announced five possible missile defense sites in the eastern United States on Thursday, but said it was far from any decision about whether to proceed with what would be an "extraordinarily expensive" program expansion in an era of budget cuts.
They said those measures could increase the deployment of Navy submarines, but would not give the Navy more assets to surge with if needed for a conflict.
One of the few things defense experts agree on about Syria is that any military strike will involve Tomahawk cruise missiles made by Raytheon.
WASHINGTON, Sept 9- Bell Helicopter, a unit of Textron Inc, on Monday said it would team with Lockheed Martin Corp to bid for the U.S. Army's next-generation helicopter- an order worth billions of dollars- using Bell's V-280 Valor tiltrotor.
WASHINGTON/ SEOUL, Sept 4- Boeing Co is confident of winning South Korea's biggest defense deal, company executives said, although defense sources said many in Seoul's military establishment prefer rival Lockheed Martin Corp's costlier stealth fighters.
A U.S.-led cruise missile attack on Syria in response to its alleged use of chemical weapons, which seems increasingly likely in the coming days, could provoke reprisals from Damascus and its backers, ranging from retaliatory missile strikes to terrorist attacks and cyberwar, according to government officials and private analysts.
U.S. military and national security advisers huddled with President Barack Obama at the White House on Saturday to consider options for responding to the alleged use of chemical weapons by the Syrian government this week.
WASHINGTON, Aug 23- The United States on Friday was repositioning naval forces in the Mediterranean to give President Barack Obama the option for an armed strike on Syria, although officials cautioned that Obama had made no decision on military action.
Bloodshed on the streets of Egypt is delaying completion of a lucrative deal to sell Lockheed Martin F-16s to the troubled U.S. ally.
Despite sequestration concerns, the defense industry has developed strategies which are attracting some investors. Carter Copeland, Barclays analyst, has the plays.
The upward momentum in defense contractor stocks, and two names in particular, may have run out, Carter Braxton Worth of Oppenheimer says.
*Partnership allows Australia to use communications network. CAPE CANAVERAL, Fla., Aug. 7- An unmanned Delta 4 rocket blasted off from Cape Canaveral Air Force Station in Florida on Wednesday carrying a communications satellite for the U.S. military and its partners, including Australia, which paid for the spacecraft and launch services.
*Partnership allows Australia to use communications network. CAPE CANAVERAL, Fla., Aug. 7- An unmanned Delta 4 rocket was poised for launch from Cape Canaveral Air Force Station on Wednesday to put a communications satellite into orbit for the U.S. military and its partners, including Australia, which paid for the spacecraft and launch services.
Boeing Co, Textron Inc's Bell Helicopter unit, EADS and Northrop Grumman Corp teamed with AgustaWestland, part of Italy's Finmeccanica SpA, decided to skip the competition after concluding the bidding rules were so narrowly framed that they effectively excluded all but Sikorsky's Black Hawk helicopter from the competition.