The U.S. defense secretary, has opened the door to more weapons sales to the Gulf states, as Washington seeks to convince allies of its commitment to the Iran nuclear talks. The Financial Times reports.» Read More
"We're losing leverage internationally" to China, Russia and other countries that want to give more authority to the United Nations and governments, Hoover Institution professor Abe Sofaer said at the fourth annual meeting on international cybersecurity cooperation held by the EastWest Institute.
*Navy sees next ship costing $1.2 billion less. WASHINGTON, Nov 5- The U.S. Navy on Tuesday pledged to cut costs for building new aircraft carriers, as it prepared to christen the USS Gerald R. Ford, first in its class of warships and a vessel whose $12.9 billion cost will exceed forecasts by almost 25 percent.
The step would mark an extension of Prime Minister Shinzo Abe's efforts to bolster the self-reliance of Japan's military and could open an overseas market worth tens of billions of dollars in coming years for the country's defence contractors. Japan's post-war constitution, written by the U.S.-led occupation forces, renounced war and a standing army.
Nov 4- Google Inc Executive Chairman Eric Schmidt said widespread U.S. government spying on its data centers would be outrageous and potentially illegal if true, the Wall Street Journal reported. Schmidt told the newspaper in Hong Kong that Google had registered complaints with the National Security Agency, President Barack Obama and Congress members.
WASHINGTON, Nov 1- The U.S. Navy erroneously posted a notice about a possible order of up to 36 more Boeing Co F/A-18 fighter jets or EA-18G electronic attack planes due to "pre-decisional and internal budget discussions," a top Navy admiral said Friday.
WASHINGTON, Oct 31- President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank as part of a review of intelligence gathering activities, according to a U.S. official familiar with the matter.
CNBC's Jane Wells reports that or the first time an F-35 dropped a 500 pound laser guided bomb and successfully connected with its target on the ground.
*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.
Oct 31- Oshkosh Corp, a maker of specialty trucks, reported a 54 percent fall in quarterly profit as sales at the company's defense business plunged due to spending cuts by the U.S. Department of Defense.
WASHINGTON, Oct 30- The political uproar over alleged U.S. eavesdropping on close European allies has produced an unusual defense from the National Security Agency: NSA says it was the Europeans themselves who did the spying, and then handed data to the Americans.
WASHINGTON, Oct 30- A senior Republican U.S. senator vowed on Wednesday to block confirmation of President Barack Obama's nominees to head the Federal Reserve and the Department of Homeland Security if the administration does not provide more information about the 2012 attack on U.S. diplomatic facilities in Benghazi, Libya.
One defense contractor is betting on high-tech solutions to help improve military intelligence in a world where less money will be spent on bullets.
The Fed is putting additional controls on its media security procedures, reports CNBC's Seema Mody. Also, Boeing and Lockheed Martin are teaming up on a new contract.
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 25- Boeing Co and Lockheed Martin Corp will team up to bid on the Pentagon's next-generation long-range bomber, the companies said on Friday, setting their sights on a project U.S. Air Force leaders have called a top acquisition priority.
WASHINGTON, Oct 25- Boeing Co and Lockheed Martin Corp will team up to bid on the Pentagon's new long-range bomber, a program that Air Force leaders single out as one of their top acquisition priorities, sources familiar with the plans said Friday.
*Profit $1.28 a share vs Street view $1.31. Oct 25- Aviation electronics supplier Rockwell Collins Inc reported a lower-than-expected quarterly profit on Friday, hurt by weaker defense sales as the United States curbs military spending.
Ben Rhodes, national security adviser for strategic communications, acknowledged that reports of U.S. National Security Agency spying on Brazilian President Dilma Rousseff had strained Washington's ties with Brazil, prompting Rousseff to cancel a state visit and derailing a $4 billion potential arms sale by Boeing Co..
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.