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  • WASHINGTON, Dec 8- Lockheed Martin Corp on Tuesday said it had won a seven-year contract worth A $1.2 billion to train the next generation of Australia's military pilots, with options for up to 25 years that could expand the deal's value. Lockheed beat out Britain's BAE Systems Plc, which currently holds the Australia pilot training contract.

  • WASHINGTON, Dec 8- The U.S. Air Force's top space official on Tuesday slammed a new ground control system for GPS satellites being built by Raytheon Co as "a disaster" and said the Pentagon planned "significant" changes with the company to address the issues. Air Force spokeswoman Captain Annmarie Annicelli said the Air Force would develop new cost estimates for...

  • WASHINGTON, Dec 8- The United States and Japan on Tuesday conducted a second successful test of Raytheon Co's new Standard Missile-3 Block IIA missile that is being jointly developed by the two countries, according to two sources familiar with the test. During the test off the coast of Southern California near Malibu, the missile opened its new sensor seeker in...

  • Dec 8- L-3 Communications Holdings Inc said it would sell its government services division, National Security Solutions, to smaller defense contractor CACI International Inc for $550 million in cash. L-3 and CACI finalized the terms of the agreement early Tuesday morning, aided by strong ties between Chris Kubasik, L-3's chief operating officer, and Ken...

  • The discussions began two weeks ago and could stretch for several months before the Air Force awards Aerojet a contract, said the sources, who were not authorized to speak publicly. The Air Force had no immediate comment on the issue. The Air Force had been expected to award initial contracts for work on the new engines in the fourth quarter of 2015, but that date...

  • WASHINGTON, Dec 7- The U.S. Navy needs to "get going" on a new, unmanned armed aircraft that can operate from the deck of an aircraft carrier, U.S. A U.S. Navy official last month told Reuters the Navy would map out the future of the new carrier-based drone as part of its fiscal 2017 budget proposal, with an initial focus on surveillance, the approach long favored by the Navy.

  • But the United States and a host of allies are now rushing to ensure a stable supply of such weapons for what is expected to be a long fight against Islamic State, whose rise has fueled conflict in Syria and across a swathe of the Middle East. Islamic State's deadly attacks in Paris last month have added urgency to the U.S.-led bombing campaign against the group in...

  • CAPE CANAVERAL, Fla., Dec 3- Rain and cloudy skies delayed Orbital ATK's planned resumption on Thursday of cargo runs to the International Space Station, a year after the company's Antares rocket exploded during launch. An Orbital Cygnus spacecraft, perched atop an Atlas 5 rocket from United Launch Alliance- a Lockheed Martin Corp and Boeing Co joint venture- had...

  • CAPE CANAVERAL, Fla., Dec 3- A year after its Antares rocket exploded during launch, Orbital ATK is poised to resume cargo runs to the International Space Station, this time using a hired ride from United Launch Alliance, a Lockheed Martin Corp and Boeing Co joint venture. Liftoff of the ULA Atlas 5 rocket is slated for 5:55 p.m. EST on Thursday from Cape Canaveral Air...

  • Early movers: COST, SHLD, PANW, GRUB, MDT & more Thursday, 3 Dec 2015 | 8:00 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • The big end to week on Wall Street Thursday, 3 Dec 2015 | 7:17 AM ET

    U.S. stock futures were sharply higher, after yesterday's slide essentially wiped out Tuesday's big rally. Investors this morning are focusing on the Fed and the European Central Bank.

  • Government Accountability Office has upheld a protest filed by a unit of Italy's Finmeccanica SpA against a contract awarded by the U.S. Army to Lockheed Martin Corp for system engineering, logistics and training support services. The GAO, a congressional agency, said on Wednesday the Army's evaluation was flawed because it did not account for Lockheed's...

  • WASHINGTON, Dec 2- The U.S. Government Accountability Office said on Wednesday it had upheld a protest filed by DRS Technical Services, a unit of Italy's Finmeccanica SpA, against a contract awarded by the U.S. Army to Lockheed Martin Corp for system engineering, logistics and training support services. The GAO, a congressional agency that rules on contract...

  • WASHINGTON, Dec 2- The Pentagon's chief arms buyer on Wednesday said he plans another "deep dive" review on Friday of a troubled Raytheon Co program to develop ground controls for a new generation of GPS satellites, and could decide to open part of the program to a new competition. Frank Kendall, undersecretary of defense for acquisition, technology and logistics,...

  • "We did have a concern about data that should not have been released," Air Force Chief of Staff General Mark Welsh told industry executives and foreign military officials at an event hosted by the Atlantic Council think tank. That's why the Air Force highlighted that as an issue, "Welsh said. The report was released the same day that Boeing Co and Lockheed Martin Corp...

  • Where the mergers are happening next: US defense Monday, 30 Nov 2015 | 9:00 AM ET
    A Sikorsky UH-60 Black Hawk helicopter during a military exercise.

    The big U.S. defense companies have used piles of cash to increase buybacks and dividends. Now they're going to move ahead on mergers and acquisitions, say analysts.

  • Early movers: WMT, LULU, AEO, LGF, SPLS, FB & more Monday, 30 Nov 2015 | 7:56 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • WASHINGTON, Nov 24- The United States could struggle to promote competition in its space launch program while also maintaining two independent ways to launch satellites and ending U.S. reliance on Russian rocket engines, a top U.S. Air Force official said on Tuesday. His comments came after United Launch Alliance, a joint venture of Lockheed Martin Corp and...

  • WASHINGTON, Nov 24- The United States could struggle to promote competition in its space launch program while also maintaining two independent ways to launch satellites and ending U.S. reliance on Russian rocket engines, a top U.S. Air Force official said on Tuesday. LaPlante and other Air Force officials have urged Congress to allow ULA to use additional...

  • WASHINGTON, Nov 24- The U.S. Air Force is looking into how classified data about a competition for a next-generation U.S. bomber found its way into a report published by Forbes magazine, according to several sources familiar with the issue. Boeing Co and Lockheed Martin Corp this month filed a formal protest against the Air Force's contract with Northrop Grumman...