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Aerospace & Defense

  • August 29, 2011

    Reports Blast DOD's Wartime Contracting Practices

    Two reports took aim last week at the U.S. Department of Defense's wartime contracting efforts, with one saying that the U.S. wasted more than $30 billion in the Iraq and Afghanistan wars, and another pointing out that the number of DOD contracts awarded without competition had soared.

  • August 29, 2011

    Cyveillance Investors Sue QinetiQ In $40M Contract Fight

    Former shareholders of Cyveillance Inc. sued QinetiQ North America Operations LLC on Monday in Delaware, saying the cyber intelligence firm failed to share its government clients as promised under a merger agreement, shortchanging the investors by as much as $40 million.

  • August 29, 2011

    Feds Balk At Honeywell Defense In Bulletproof Vest Suit

    The federal government on Friday moved to strike one of Honeywell International Inc.'s defenses in a False Claims Act suit, balking at its claim that the government could not sue because it tacitly approved of the company selling defective material for bulletproof vests.

  • August 29, 2011

    Private Equity Firm Offers $30M For Point Blank Assets

    After failing to hash out a reorganization plan with creditors and shareholders, body armor maker Point Blank Solutions Inc. announced Monday that it would sell its assets in Delaware bankruptcy court, with a private equity firm offering an initial $30 million bid for the business.

  • August 26, 2011

    Alleged Blackwater Shooter Seeks Return To Afghanistan

    A former Blackwater Worldwide contractor who was convicted of involuntary manslaughter for killing an Afghan civilian asked a Virginia federal judge earlier this month to allow him to return to Afghanistan to work for another contractor for three months.

  • August 26, 2011

    Chartis Seeks To Drag Air Force Into Base Cleanup Suit

    Chartis Inc. on Thursday filed a motion for joinder of the U.S. Air Force in an insurance dispute over environmental cleanup costs at the former Lowry Air Force Base in Colorado, saying the action cannot be completely resolved without it.

  • August 26, 2011

    Army Can't Cancel $27M Aerial Weapons Deal: Court

    The U.S. Court of Federal Claims revealed Thursday it had sided with Systems Application & Technologies Inc. in its protest over a canceled $26.9 million U.S. Army contract, ruling that the Army did not have sufficient legal basis to reopen the contract for new bids.

  • August 26, 2011

    9th Circ. Grounds New Runway Plans At Ore. Airport

    The Ninth Circuit ruled Thursday that the Federal Aviation Administration must further study the environmental impact of a proposed runway at an Oregon airport, saying the agency failed to consider the possibility that airport traffic would increase when it approved the project.

  • August 25, 2011

    Pentagon Contracting Official Nabbed In Bribery Sting

    A U.S. Department of Defense official was arrested Wednesday in Georgia after allegedly taking nearly $100,000 in cash bribes in exchange for the award of repair and maintenance contracts in Afghanistan, federal prosecutors said Thursday.

  • August 24, 2011

    Businessman To Appeal Sentence For Iran Missile Plot

    A businessman sentenced to 51 months in prison for trying to illegally ship missile parts to Iran moved to appeal that decision Tuesday, arguing that the Illinois federal judge's penalty was excessive.

  • August 24, 2011

    Textron Off Hook In Shareholder Class Action

    A Rhode Island federal judge on Wednesday dismissed a securities class action against defense contractor Textron Inc., saying investors could not prove the company knowingly made misleading statements about its financial health ahead of a 2008 stock plunge.

  • August 23, 2011

    Alabama Aircraft Lines Up Ch. 11 Sale To Kaiser

    Stricken military aircraft maintenance company Alabama Aircraft Industries Inc. agreed Monday to sell its operating assets to Kaiser Aircraft Industries Inc. for $500,000 in cash and up to $30 million in proceeds from potential litigation.

  • August 23, 2011

    Relator Wants Air Force Subpoena In Rolls-Royce FCA Suit

    A former Rolls-Royce Corp. engineer suing the company for allegedly selling to the federal government defective aircraft engine parts asked an Indiana federal court on Tuesday to subpoena the U.S. Air Force for records over problems with the parts.

  • August 23, 2011

    KBR Demands $2M In Fees From Alleged Rape Victim

    Defense contractor KBR Inc. last week demanded more than $2 million in attorneys' fees and costs from a former employee who claimed she was raped by several co-workers while working for the company in Iraq, saying her claims were frivolous and unfounded.

  • August 22, 2011

    Crane, Elliott Must Pay $32M For Asbestos Exposure

    A New York state jury awarded a cancer-stricken U.S. Navy veteran $32 million last week for his claims that Crane Co. and Elliott Turbomachinery Co. Inc. negligently failed to warn him about the dangers of their asbestos-containing products.

  • August 22, 2011

    USAE Seeks To Nix Investor Suit Over Akin Gump Letter

    U.S. Aerospace Inc. said Friday that a California federal court should dismiss a shareholder derivative suit because plaintiffs built their case using privileged information taken from a letter written by Akin Gump Strauss Hauer & Feld LLP.

  • August 22, 2011

    9th Circ. Nixes Injunction In $61M Air Force Contract Row

    A Montana federal court was wrong to prohibit Precision Lift Inc. from using images owned by Flexible Lifeline Systems Inc. in a bid for a $61 million U.S. Air Force contract based on a presumption of irreparable harm, the Ninth Circuit ruled Monday.

  • August 19, 2011

    Union Pacific, CBP Strike $50M Deal Over Drug Fines

    Union Pacific Railroad Co. on Friday agreed to spend $50 million to improve supply chain security between the U.S. and Mexico in exchange for U.S. Customs and Border Protection dropping more than $500 million in fines over drug smuggling on trains.

  • August 19, 2011

    DOD Finalizes Property Handling, Safety Systems Rules

    The U.S. Department of Defense finalized two rules Friday that tighten regulations regarding the handling of government property and add a clause to agency contracts that identifies equipment whose failure could lead to death, injury or significant damage.

  • August 19, 2011

    Afghan Trucking Co. Can't Halt $983M Army Contract

    A federal judge refused Thursday to issue a temporary restraining order against the awarding of a $983 million U.S. Army trucking contract in Afghanistan, denying a motion by a contractor who is challenging the Army's decision to throw out its bid.