Industry

  September 25, 2012, 4:32 pm

Sikorsky to close plant, cut 570 jobs

By Jeremy Herb

The Pentagon’s budget crunch has pushed the helicopter manufacturer Sikorsky to close a plant in upstate New York.

Read more...
Archived under: Industry
comment Comments
E-mail Print share
  September 20, 2012, 10:27 am

Boeing wants BAE-EADS merger scrutinized

By Jeremy Herb

Boeing’s chief defense official thinks the proposed merger between BAE Systems and EADS needs careful scrutiny from government regulators over potential issues with both national security as well as the defense industry.

Dennis Muilenburg, head of Boeing’s defense operations, told Reuters on Wednesday that the merger had “national security, industrial questions” that would have to be dealt with.

“This is a serious matter that needs to be scrutinized," Muilenburg said.

Read more...
Archived under: Industry
comment Comments
E-mail Print share
  September 19, 2012, 8:01 pm

Lobbyists to sell merger of defense firms to Washington

By Kevin Bogardus

If the two European firms, BAE Systems and EADS, combine they'll become one of the world’s largest defense companies..

Read more...
Archived under: Business & Lobbying, Industry
comment Comments
E-mail Print share
  September 18, 2012, 8:51 am

Northrop Grumman blames budget cuts for loss of 600 jobs

By Jeremy Herb

Defense contractor Northrop Grumman says that budget pressures at the Pentagon are behind a reduction of nearly 600 aerospace workers.

Read more...
Archived under: Aviation, Industry
comment Comments
E-mail Print share
  September 12, 2012, 2:20 pm

Report: BAE and EADS in merger talks

By Jeremy Herb

European companies EADS and BAE Systems are in discussions to merge, which would make them world’s largest aerospace company, Bloomberg News reported.

Under the potential agreement, EADS would own 60 percent of the new company, and BAE would have 40 percent.

The companies would still keep some U.S. defense interests separate to maintain better access to U.S. markets.

Read more...
Archived under: Industry
comment Comments
E-mail Print share
  September 10, 2012, 1:21 pm

Defense firms united on sequester fears, but divided on issuing layoff notices

By Jeremy Herb

Military contractors complain that lack of guidance from the administration has made it exceedingly difficult to plan for reductions.

Read more...
Archived under: Industry
comment Comments
E-mail Print share
  September 9, 2012, 6:00 am

Defense contractors hesitate over issuing layoff notices before election

By Jeremy Herb

Major defense contractors are not tipping their hand on whether to issue mass layoff notices prior to election day.

Read more...
Archived under: Economy, Industry
comment Comments
E-mail Print share
  September 5, 2012, 1:28 pm

Top Pentagon, defense industry leaders to hold talks on sequestration

By Carlo Muñoz

The meeting comes as defense firms are openly considering layoffs ahead of the looming cuts.

Read more...
Archived under: Industry
comment Comments
E-mail Print share
  August 31, 2012, 12:42 pm

SAIC plans to split into two companies

By Jeremy Herb

Defense contractor Science Applications International Corp. (SAIC) announced Thursday evening it plans to split into two independent companies, separating its science and technology business from government services and IT.

The spinoff of SAIC's IT and government services business will have an estimated revenue of $4 billion, while the science and tech wing — which is focused on national security, engineering and health — will have estimated revenue of $7 billion.

The split, which was announced by SAIC President and CEO John Jumper, a retired Air Force general, is being done in part to eliminate conflicts of interest that currently prevent them from seeking some new contracts.

Read more...
Archived under: Industry
comment Comments
E-mail Print share
  August 30, 2012, 5:23 pm

Report: F-22s back in the skies without incident

By Sterling C. Beard


The redeployment of Lockheed Martin’s F-22 Raptor is going smoothly, according to The Associated Press.

The Raptors are being deployed to Japan for six months in their first overseas mission since the fleet was grounded last year over multiple instances of pilots developing oxygen depravation, a condition known as hypoxia.

According to information made public by Sen. Mark Warner (D-Va.) and Rep. Adam Kinzinger (R-Ill.) in June, the F-22 had 10 times the number of hypoxia incidents of any other aircraft in the Air Force inventory, with 26 incidents per 100,000 flight hours. There was also a crash in Alaska in 2010 that took the life of Capt. Jeff Haney, the pilot. However, the Air Force determined that pilot error was to blame for the crash and that hypoxia was not involved.

The Air Force was unable to determine the root cause after a seven-month investigation, but eventually resumed flights. As a result, some pilots refused to fly the plane and members of Congress to fiercely criticize the Air Force. 


Read more...
Archived under: Industry
comment Comments
E-mail Print share
 
« Start< Prev12345678910Next >End »
 

More Videos »

DEFCON Hill Twitter - Click to follow
More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.