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  • Senators James Inhofe, an Oklahoma Republican, and Bill Nelson, a Florida Democrat, both members of the Senate Armed Services Committee, said they were concerned that the Defense Department and the Air Force were not complying with a law that seeks development of a U.S. alternate engine by 2019.. The senators said the Air Force was not using $220 million...

  • It will be overseen by two rookie Budget Committee chairmen in the Senate and House of Representatives. The orthopedic surgeon from Georgia is also widely expected to recycle controversial changes to Medicare championed by his predecessor, Paul Ryan, which would turn the popular health care program for seniors into a system of subsidies for private...

  • WASHINGTON, March 16- The U.S. House of Representatives is moving toward a vote in mid-May on the annual half-billion-dollar defense policy bill, U.S. Representative Mac Thornberry, chairman of the House Armed Services Committee, said on Monday. Both Republicans and Democrats in Congress strongly back providing such aid to the Kiev government and members have...

  • HOLLYWOOD, Fla., March 16- Some banks that have non-prosecution agreements over failures to police transactions for criminal activity could see those deals withdrawn and be forced to plead guilty, a U.S. Justice Department official said on Monday. The Justice Department has since entered into non-prosecution agreements and deferred-prosecution...

  • BEIRUT, March 15- Syria's air force carried out air strikes on Sunday on Douma city, an insurgent stronghold northeast of Damascus, with 18 people killed and at least 100 wounded including children and other civilians, the Britain- based Syrian Observatory for Human Rights said. Overnight, Syria's military killed dozens of combatants in southern Syria linked to...

  • BEIRUT, March 15- Syria's military targeted a group of combatants linked to al Qaeda's Nusra Front late on Friday in southern Syria, state media reported, saying that dozens including three senior members of the group had been killed. Syria's army and allied combatants from Lebanon's Hezbollah launched a large-scale offensive in the region last month against...

  • "If Greece explodes, Spain and Italy will be next and then at some point, Germany. He also said Greece did not need a third bailout but rather "a haircut like the one Germany also got in 1953 at the London debt conference." Athens and Berlin have become engaged in a war of words and Greece has submitted a formal protest to the German Foreign Ministry, accusing Finance...

  • BERLIN, March 14- If Greece were to leave the euro zone, Spain and Italy would also end up quitting the common currency bloc, Greek Defense Minister Panos Kammenos told German newspaper Bild in an interview to be published on Saturday. "If Greece explodes, Spain and Italy will be next and then at some point, Germany. He also said Greece did not need a third bailout but...

  • Why UTC may spin off Sikorsky copter unit: CEO Thursday, 12 Mar 2015 | 8:48 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Spinning off Sikorsky from UTC would give shareholders a choice between owning two businesses, CEO Gregory Hayes tells CNBC.

  • UTC plans spin-off for Black Hawk unit Thursday, 12 Mar 2015 | 3:42 AM ET
    U.S. military Blackhawk and Chinook helicopters.

    United Technologies plans to dispose of its business that builds the Black Hawk military helicopter. The FT reports.

  • Moscow- based cybersecurity firm Kaspersky Lab has become a leading authority on American computer espionage campaigns, but sources within the company say it has hesitated at least twice before exposing hacking activities attributed to mother Russia. Meanwhile, U.S. cybersecurity firms CrowdStrike Inc and FireEye Inc have won fame by uncovering...

  • ISIS and Russia threaten—and NATO cuts spending Wednesday, 11 Mar 2015 | 6:14 PM ET
    An Italian sailor from the frigate "Alieso" removes a cover from a cannon in the Black Sea port of Varna, Bulgaria, March 9, 2015.

    NATO is more relevant now than it has been since the end of the Cold War with threats from both Russia and ISIS, but funding is an issue.

  • Air Force officials are due to meet with Pentagon chief arms buyer Frank Kendall on Wednesday to map out an acquisition strategy for the new program, David Madden, executive director of the Air Force's Space and Missiles Systems Center told a breakfast meeting hosted by the nonprofit Mitchell Institute. Lockheed Martin Corp is under contract to build the...

  • The Navy's top uniformed officer told Reuters he expected to finalize the annual wish list for U.S. lawmakers this week so it can be reviewed by Navy Secretary Ray Mabus; the chairman of the Joint Chiefs of Staff; and Defense Secretary Ashton Carter. Greenert said the Navy faces a possible shortfall of two to three squadrons of strike fighters, or up to 36 airplanes,...

  • Chief of Naval Operations Admiral Jonathan Greenert said he expects to complete work this week on a list of "unfunded priorities" for Congress that may include some Boeing Co F/A-18E/F Super Hornet fighter jets. Greenert told Reuters after a Senate hearing that he expected to finalize the annual wish list for U.S. lawmakers this week, so it can be reviewed by Navy...

  • March 10- The American Civil Liberties Union said on Tuesday it had filed a lawsuit on behalf of organizations including the Wikimedia Foundation and the conservative Rutherford Institute against the National Security Agency and the Department of Justice challenging the government's mass surveillance program. Organizations party to the lawsuit also...

  • WARSAW, March 10- Poland plans to choose the supplier for its medium-range missile defence system within the next few weeks, Deputy Defence Minister Czeslaw Mroczek said on Tuesday. Last year, Poland short-listed U.S. firm Raytheon and a consortium of France's Thales and European group MBDA in its tender for a mid-range missile defence system, which is...

  • WARSAW, March 10- Poland plans to choose the supplier for its medium-range missile defense system within the next few weeks, Deputy Defense Minister Czeslaw Mroczek said on Tuesday. "In the next few weeks we will make the decision regarding the supplier for this system," Mroczek told reporters. Last year, Poland short-listed a consortium of France's Thales and...

  • WARSAW, March 10- Poland plans to choose the supplier for its medium-range missile defence system within the next few weeks, Deputy Defence Minister Czeslaw Mroczek said on Tuesday. "In the next few weeks we will make the decision regarding the supplier for this system," Mroczek told reporters. Last year, Poland short-listed a consortium of France's Thales and...

  • MOSCOW, March 10- The Russian defence ministry said on Monday it had launched military exercises in the country's southern region of Stavropol, the news agency RIA Novosti reported on Tuesday.

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