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US role in Libya costs hundreds of millions so far

Wed, 23 Mar 2011 17:22:34 EDT

WASHINGTON -- Stretched thin by two wars, the U.S. military is spending upward of $1 billion in an international assault to destroy Libyan leader Moammar Gadhafi's air defenses and save rebels from likely defeat, according to analysts and a rough calculation of the military operation so far.


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Boeing: US gets the tanker it wanted, nothing more

Wed, 23 Mar 2011 16:40:15 EDT

-- A Boeing executive said on Wednesday that the Air Force will get the tanker it ordered - and no more.



Report criticizes defense agency's auditing

Mon, 21 Mar 2011 10:18:00 EDT

Internal oversight of Defense Logistics Agency activity falls short.



Satellite firms pitch the government on off-the-shelf commercial products

Sun, 20 Mar 2011 21:35:01 EDT

The offers follow the release of an Obama administration policy urging agencies to avoid building satellites from scratch.
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Pentagon overpaid oilman millions, audit finds

Fri, 18 Mar 2011 14:38:00 EDT

A Pentagon audit has found that the federal government overpaid a billionaire oilman by as much as $200 million on several military contracts worth nearly $2.7 billion.


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Russia to spend $700 bln on new weapons

Fri, 18 Mar 2011 09:22:51 EDT

MOSCOW -- President Dmitry Medvedev said Friday that Russia will spend the equivalent of $700 billion by 2020 to modernize the military's aging arsenals, but sternly warned arms industries against jacking up prices.



Panel urges TSA to implement 'trusted travelers' program

Thu, 17 Mar 2011 10:04:00 EDT

Treating every airport passenger as a potential terrorist slows the security system and deters some people from flying, according to a new report.


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Daniel R. Bannister former president of DynCorp, dies at 80

Wed, 16 Mar 2011 23:29:03 EDT

Daniel R. Bannister was president and chief executive of DynCorp from 1985 to 1997.
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Tricare target of Pentagon cuts as health care projected to reach $65B

Wed, 16 Mar 2011 10:31:00 EDT

Among government workers, one group enjoys lifetime health benefits virtually unmatched in the United States: military retirees.



Tricare target of Pentagon cuts as health care projected to reach $65B

Tue, 15 Mar 2011 12:58:01 EDT

Among government workers, one group enjoys lifetime health benefits virtually unmatched in the United States: military retirees.



Northrop Grumman to spin off struggling shipbuilding unit to stockholders

Tue, 15 Mar 2011 09:32:01 EDT

LOS ANGELES - Defense contractor Northrop Grumman Corp. said Tuesday its board has approved the expected spin-off of its shipbuilding business to stockholders, following nearly a year of mulling alternatives for the struggling unit.



Air and ground: Gadhafi, rebels each claim control

Mon, 14 Mar 2011 21:40:15 EDT

TOBRUK, Libya -- Moammar Gadhafi's warplanes, artillery and mortar shells can control huge swaths of territory by day, including oil ports, rebel supply routes and even hostile towns. Rebels say anti-government forces can still return in darkness to take advantage of Gadhafi's own thin supply lines...
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Gadhafi's government controls the skies by day; sundown brings rebels out in oil-rich east

Mon, 14 Mar 2011 16:24:01 EDT

TOBRUK, Libya - Moammar Gadhafi's warplanes, artillery and mortar shells can control huge swaths of territory by day, including oil ports, rebel supply routes and even hostile towns. Rebels say anti-government forces can still return in darkness to take advantage of Gadhafi's own thin supply lines a



Now 'good enough' wins the defense contract

Sun, 13 Mar 2011 23:44:02 EDT

The Air Force's decision late last month to award the long-contested, $35 billion aerial refueling tanker program to Boeing ended a competition that had been fraught with controversy. But analysts say the decision may have sent another message to the contracting community: The government isn't ne...



Leaked cable shows details of BAE Saudi arms deal

Sun, 13 Mar 2011 13:15:55 EDT

LONDON -- British-based defense contractor BAE Systems PLC bribed Saudi officials in return for lucrative arms deals in Saudi Arabia, according to a newly released secret U.S. diplomatic cable.



Pentagon cancer research budget comes under scrutiny

Sat, 12 Mar 2011 14:44:01 EST

As the Pentagon seeks to trim spending, there are some programs Congress believes the military can't do without. Among them: cancer research.
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US approved $40 billion in 2009 private arms sales

Fri, 11 Mar 2011 17:00:58 EST

WASHINGTON -- The U.S. government approved $40 billion in worldwide private arms sales in 2009, including more than $7 billion to Mideast and North African nations that are struggling with political upheaval, the State Department reported.



Stem Cells, Rolls-Royce, Nestle, BMI: Intellectual Property

Fri, 11 Mar 2011 00:25:00 EST

March 11 (Bloomberg) -- Patent protection for stem-cell research methods that involve cells from human embryos breaches European Union law, an adviser to the region's highest court said in a non-binding opinion yesterday.



United Technologies tweaks 2011 earnings guidance

Thu, 10 Mar 2011 16:11:13 EST

HARTFORD, Conn. -- United Technologies Corp. on Thursday raised the lower end of its profit guidance for 2011, saying businesses such as elevators, commercial plane spare parts and heating and air conditioning systems are doing well in the economic recovery.



Fighting raises concerns about Libyan scientists

Wed, 09 Mar 2011 16:53:38 EST

WASHINGTON -- The fighting in Libya has disrupted a sensitive U.S. government program to keep about 700 former nuclear and chemical weapons experts busy on civilian projects in the medical and petroleum industries there and prevent them from selling their dangerous knowledge in other countries, The...
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Airbus parent EADS returns to profit in Q4

Wed, 09 Mar 2011 07:58:11 EST

MUNICH -- European aerospace giant EADS NV revealed Wednesday that lower charges for delayed programs such as its A400M military transport plane helped it return to profit in the fourth quarter.



HK's Cathay adds 27 Boeing, Airbus jets to fleet

Wed, 09 Mar 2011 06:29:53 EST

HONG KONG -- Cathay Pacific Airways is ordering 27 new Airbus and Boeing jets to expand services after profit tripled last year to a record.


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HK's Cathay adds 27 Boeing, Airbus jets to fleet

Wed, 09 Mar 2011 02:06:44 EST

HONG KONG -- Cathay Pacific Airways is ordering 27 new Airbus and Boeing jets to expand services, especially in Asia, and says profit tripled last year to a record.


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Government contracts awarded

Mon, 07 Mar 2011 00:00:00 EST

SunEdison of Beltsville; AECOM Energy/Solar Power Partners of Mill Valley, Calif.; Chevron Energy Solutions of San Francisco; SunPower of Richmond, Calif.; and SunDurance Energy of South Plainfield, N.J., won a $25 million contract from the Navy for the purchase of renewable electrical power.
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Boeing consolidating Washington presence with new Crystal City office

Sun, 06 Mar 2011 22:02:00 EST

Defense contractor Boeing is bolstering its Washington area operations by finalizing plans for two new office complexes, in Crystal City and Germantown, where it will collectively move nearly 1,000 employees.



The Navigator: TSA screenings prompt cries of police state tactics

Fri, 04 Mar 2011 11:27:02 EST

As she waited for her flight from Seattle-Tacoma International Airport to Medford, Ore., last month, Linda Morrison noticed something unusual in the waiting area.


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U.S. defense leaders warn of no-fly-zone risks

Wed, 02 Mar 2011 00:18:00 EST

U.S. defense leaders expressed caution Tuesday about military intervention in Libya, warning that enforcement of a no-fly zone would require scarce air assets, domestic political approval and international authorization.


Media Files:
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Government contracts awarded

Mon, 28 Feb 2011 00:00:00 EST

DRS Technical Services of Herndon won a $12.1 million contract from the Army to provide 10,000 VHF handheld radios, 10,000 VHF handheld radio accessories, 5,000 VHF mobile radios and 5,000 VHF mobile radio accessories.
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What's lost in the House budget cuts

Sun, 27 Feb 2011 00:00:00 EST

The potential effects of reducing funding for PBS, the U.S. Institute of Peace, census funding and more.



Boeing wins $35 billion contract to supply new aerial refueling tankers

Fri, 25 Feb 2011 00:42:00 EST

The Pentagon awarded Boeing a $35 billion contract Thursday for a new-generation aerial refueling tanker, after a decade-long battle between the U.S.-based aircraft manufacturer and Europe's largest aerospace company.



Arms deals still made amid Middle East crackdowns

Thu, 24 Feb 2011 21:01:01 EST

ABU DHABI, UNITED ARAB EMIRATES - As Libya's Moammar Gaddafi ordered attacks on his own people this week, thousands of arms sellers from the United States and other countries hawked their aircraft, riot gear and rifles to Middle Eastern buyers at the Persian Gulf's preeminent arms show.