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Aerospace & Defense

  • July 27, 2012

    McCaskill Rips FAA Response To Raytheon Contract Questions

    Sen. Claire McCaskill, D-Mo., sharply criticized the Federal Aviation Administration for its "nonanswers" to questions about cost overruns on a Raytheon Co. air traffic control training contract, vowing Thursday to hold FAA officials' "feet to the fire" in a future hearing on the issue.

  • July 26, 2012

    Air Force Findings Could Shield Lockheed In F-22 Defect Suit

    The U.S. Air Force said Tuesday that the Lockheed Martin Corp.-designed F-22 Raptor is not to blame in repeated instances of oxygen deprivation that have plagued the aircraft's pilots for years, a finding that could boost the contractor's defense in a defective design lawsuit without giving it an automatic out.

  • July 26, 2012

    Hawker's $2M Employee Retention Plan Gets Green Light

    A New York bankruptcy judge on Thursday allowed aircraft maker Hawker Beechcraft Inc. to institute a $1.9 million retention plan for 31 management employees, while asking for more information on a $5.3 million incentive plan for eight insiders before he decides that matter.

  • July 25, 2012

    Firm Under Investigation Over $160M In Defense Contracts

    Federal investigators are looking into allegations that an Oregon aerial imaging firm bribed a U.S. Army Corps of Engineers program manager in exchange for almost $160 million in defense contracts, the Eugene Register-Guard reported, citing search warrants unsealed last week.

  • July 25, 2012

    New Drone Bill Highlights Growing Privacy Concerns

    Rep. Ted Poe, R-Texas, on Tuesday unveiled a bill that would extend restrictions on the use of unmanned aircraft systems by the private sector, as the debate heats up among lawmakers over the impact that the deployment of nongovernment drones will have on individuals' privacy rights.

  • July 25, 2012

    Judge Kills Protest Over $41M Navy Contract

    A federal judge on Tuesday dismissed GSC Construction Inc.'s challenge to a scathing review of its $41.5 million U.S. Navy contract to build a medical clinic in South Carolina, ruling the firm hadn't properly protested the review through administrative channels before suing.

  • July 24, 2012

    Judges OK Private Equity Firm's $70M Northstar Buy

    Bankrupt helicopter parts maker Northstar Aerospace USA Inc. and its Canadian parent won court approval on Tuesday to sell their assets to Illinois-based private equity firm Wynnchurch Capital Ltd. for $70 million.

  • July 24, 2012

    DHS Must Improve Building Security Oversight, Reps. Told

    The U.S. Department of Homeland Security, the agency charged with protecting federal buildings, has struggled with risk management acquisitions that would allow the government to better prioritize its security spending and improve the effectiveness of approximately 12,500 contractor guards, Congress heard Tuesday.

  • July 24, 2012

    Trustee Objects To Hawker Beechcraft's Exec Bonus Plan

    The U.S. bankruptcy trustee objected Monday to bankrupt aircraft maker Hawker Beechcraft Inc.'s plan to pay more than $5 million in bonuses to its top management, saying the executives wouldn't be doing enough to deserve the money.

  • July 24, 2012

    Pentagon Seeks To Limit Use Of Steel Melted Abroad

    The U.S. Department of Defense on Tuesday proposed adding further restrictions to a rule requiring it to use only specialty metals that were melted or produced in the U.S. when constructing aircraft, ships, tanks and weapons.

  • July 23, 2012

    DOD's Missile Defense Schedules Not Reliable, GAO Says

    None of the five major acquisition programs at the Missile Defense Agency have reliable schedule or cost estimates, leaning them vulnerable to delays and price increases, according to a U.S. Government Accountability Office report Friday.

  • July 23, 2012

    GenCorp To Pay $550M For United Technologies’ Rocketdyne

    California aerospace giant GenCorp Inc. has agreed to acquire the Pratt & Whitney Rocketdyne engineering unit from Hartford, Conn.-based United Technologies Corp. for $550 million, both companies announced Monday.

  • July 20, 2012

    Sens. Strengthen Privacy Protections In Cybersecurity Bill

    Five U.S. senators unveiled revamped cybersecurity legislation Thursday, strengthening privacy protections and dropping their call for mandatory, federally regulated security standards in an effort to win broader support for their initiative.

  • July 20, 2012

    Afghan Co. Can't Dodge Suit Over Control Of Security Unit

    A Virginia federal judge on Friday refused to dismiss security services provider Pax Mondial Ltd.'s suit alleging Afghan Resources Group's breach of a purchase agreement has hurt Pax Mondial's credibility in the government contracts business, denying the Afghan company's motion for summary judgment.

  • July 20, 2012

    Agencies Float New Regs For Overseas Security Contractors

    Three federal agencies said Friday that they will propose a new set of rules that establish minimum requirements for the selection, accountability, training, equipping and conduct of personnel performing private security functions outside the U.S.

  • July 20, 2012

    Defense Contractor Indicted On Iraq Vehicle Fraud Charges

    Defense contractor Armet Armored Vehicles Inc. and its owner were indicted in Virginia federal court Thursday on charges that they misrepresented the level of protection provided by the armored vehicles they sold to the government for use in Iraq.

  • July 19, 2012

    House Clears $606B Defense Spending Bill

    The U.S. House of Representatives on Thursday voted 326-90 to approve a $606 billion defense spending bill that allots nearly $88 billion to terrorism-oriented overseas war activities in Afghanistan and Iraq.

  • July 19, 2012

    Court Preserves Sikorsky Defenses In $79M Overbilling Fight

    The U.S. Court of Federal Claims refused to pare Sikorsky Aircraft Corp.'s defenses in a dispute over $79 million in alleged overpayments for aircraft contracts, ruling Wednesday that only a trial could determine whether Sikorksy had resolved the U.S. claims through an earlier oral agreement with the government.

  • July 19, 2012

    Navy's 'Green Fleet' Could Make Congress Believe In Biofuel

    The U.S. Navy's “Great Green Fleet,” a biofuel-powered aircraft carrier group that conducted training missions in the Pacific on Wednesday and Thursday, could help the Navy overcome congressional obstacles to its biofuel investments by showcasing the new fuels' reliability, experts say.

  • July 19, 2012

    Toyota Can't Delay Key Sudden Acceleration Trial

    A California judge on Thursday rejected Toyota Motor Corp.’s bid to delay a bellwether trial in consolidated litigation over unintended vehicle acceleration, saying a lawsuit brought by retired Los Angeles Police Department officer Michael Houlf will proceed to trial Nov. 1.