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  • WASHINGTON, Aug 27- The U.S. government has approved Britain's request to have 50 of its older model Apache helicopters refurbished and upgraded by Boeing Co and other U.S. companies, a deal valued at around $3 billion, the Defense Department announced on Thursday. The Pentagon's Defense Security Cooperation Agency, which oversees foreign arms sales, notified...

  • WASHINGTON, Aug 26- Oshkosh Corp will dominate the U.S. military's wheeled vehicle market after winning a $6.75 billion deal to build 17,000 armored trucks to replace the U.S. Army and Marine Corps' aging fleet of 140,000 Humvees, analysts said on Wednesday. The Army said Tuesday that Oshkosh beat AM General, the privately held maker of the original Humvees, and a...

  • *But refuses to say if Japan will build vessels in Australia. ADELAIDE, Australia, Aug 26- Japan's effort to charm Australian politicians and the public over its bid for a A $50 billion submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building the vessels in Australia. Once seen as the frontrunner to win...

  • ADELAIDE, Australia, Aug 26- Japan's effort to charm Australian politicians and the public over its bid for a A $50 billion submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building the vessels in Australia. Once seen as the frontrunner to win the contract, the Japanese bid has since come under...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a $6.75 billion contract to build 17,000 light tactical vehicles to replace the aging Humvees used by the U.S. Army and Marine Corps, the U.S. Army announced on Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM General, a privately held company...

  • OSHKOSH, Wis.— Wisconsin- based Oshkosh Corp. won a major contract Tuesday to build a new combat vehicle to replace a large share of the U.S. military's Humvee troop carriers. The Army and Marine Corps plan to buy as many as 55,000 JLTVs by 2040. Nearly 49,100 would be built for the Army with 5,500 going to the Marines. Pentagon officials declined during a briefing for...

  • WASHINGTON, Aug 25- U.S. specialty truck maker Oshkosh Corp has won a multibillion-dollar competition to build a new light tactical vehicle for the U.S. Army and Marine Corps to replace their aging fleet of Humvees, sources familiar with the decision said Tuesday. Oshkosh beat out a team made up of Lockheed Martin Corp and Britain's BAE Systems Plc, as well as AM...

  • Industry executives and defense officials said they expected the Army to announce an initial contract valued at up to $9 billion late on Tuesday for 17,000 of 55,000 vehicles to be built for the Army and Marine Corps in coming years,. The Pentagon's Defense Acquisition Board, led by chief arms buyer Frank Kendall, met on Tuesday to review the acquisition...

  • U.S. startup seeks crowdfunding to produce business jet Tuesday, 25 Aug 2015 | 10:00 AM ET

    WASHINGTON, Aug 25- XTI Aircraft, a Denver, Colorado- based aerospace startup firm, launched an equity crowdfunding campaign on Tuesday to raise $50 million to fund the production of the TriFan 600, a six-seat fixed wing jet that can take off and land like a helicopter. The company's leaders include Jeffrey Pino, the former president of Sikorsky Aircraft, a unit of...

  • WASHINGTON, Aug 24- U.S. Air Force Secretary Deborah James on Monday said a contract for a new long-range bomber would be awarded soon, and the project would not be considered a "new start" program that could be halted if Congress fails to pass a budget for fiscal 2016.. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team made up of Boeing Co and...

  • WASHINGTON, Aug 24- U.S. Air Force Secretary Deborah James said on Monday no decision had been made yet on awarding a contract for a new long-range strike bomber. "The long-range strike bomber contract is to be awarded soon," she said at a news conference. Northrop Grumman Corp, maker of the B-2 bomber, is competing against a team made up of Boeing Co and Lockheed Martin...

  • WASHINGTON, Aug 6- A U.S. House panel this week asked NASA to explain why it hasn't launched an independent review of the explosion on June 28 of a SpaceX Falcon 9 rocket, as it did after the earlier explosion of Orbital ATK Inc's Antares rocket on Oct. 28. "The discrepancy between the approaches taken by NASA in response to these two similar events raises questions...

  • WASHINGTON, Aug 3- Raytheon Co's Standard Missile-6 intercepted and destroyed a short-range ballistic missile off the coast of Hawaii last week, the Pentagon said on Monday, paving the way for the SM-6 to be deployed on U.S. Navy Aegis ships next year. "This important test campaign not only demonstrated an additional terminal defense layer of the, it also proved...

  • PARIS/ MILAN, July 31- European missile maker MBDA edged towards its biggest shake-up in over a decade on Friday as Airbus Group signalled interest in expanding its share, while Italy's Finmeccanica said it would be open to selling its stake. French-based Airbus and Britain's BAE Systems each own 37.5 percent, and Finmeccanica owns 25 percent of MBDA, created in...

  • U.S. Navy chief nominee vows focus on procurement costs Thursday, 30 Jul 2015 | 10:07 AM ET

    Richardson, director of the Navy's Naval Nuclear Propulsion Program, told the Senate Armed Services Committee that if confirmed as the Navy's top uniformed officer, he intends to continue his practice of being personally involved in acquisition policy, setting clear standards and then enforcing them. Described as a "bold thinker" by Defense Secretary Ash...

  • Facebook and Whole Foods fall after the bell following reports. *General Dynamics' report sparks rally in aerospace stocks. July 29- U.S. stocks finished stronger on Wednesday after the U.S.

  • *General Dynamics' report sparks rally in aerospace stocks. July 29- U.S. stocks were higher on Wednesday after the U.S. "No change as expected, markets appear comfortable with that, it certainly is not a surprise," Peter Kenny, chief market strategist at Clearpool Group in New York, said after the Fed's statement was released.

  • *Fed statement expected at 2 p.m. ET. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.

  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. "Lockheed Martin is supporting the U.S. government and the kingdom of Saudi Arabia as they discuss the potential sale of additional PAC-3 Missiles as part of the...