Results 41-50 of 169

Boeing to report losses from Air Force tanker deal

January 14, 2005 Boeing Co. said Friday it will report a $275 million loss incurred over the past two years stemming from an expected $23.5 billion contract to provide the Air Force aerial refueling tankers. Until now, Boeing accountants had not written off expenses incurred to modify its 767 commercial jetliner to meet...

Navy officers suggest cuts will reshape shipbuilders

January 13, 2005 Naval Sea Systems Commander Vice Adm. Phillip Balisle Thursday indicated that the Navy's shrinking plans for building new ships will result in "the shaping of a new shipbuilding industry." Balisle spoke to a Surface Navy Association conference and then told a news conference that: "I believe the laws of commerce...

Potential Pentagon acquisition chief might face hurdles

January 12, 2005 The White House is considering John Young, assistant secretary of the Navy, to be the Pentagon's top weapons buyer, though congressional sources say his nomination could hit a statutory snag preventing him from filling the post. Young, despite a distinguished career, lacks the "extensive executive management background in the private...

House panel seeks to speed up armor acquisition

January 10, 2005 House Armed Services Chairman Duncan Hunter, R-Calif., said he has accelerated efforts to acquire armor for military vehicles in the Middle East to resolve gaps in production. During a congressional delegation visit last week to military bases in North Carolina and Texas, Hunter said the committee recently pushed to expedite...

White House proposes cuts in nuclear dismantling program

January 6, 2005 The Bush administration is proposing to trim funds for a program designed to curb the spread of nuclear and catastrophic weapons. According to a draft of the fiscal 2006 budget proposal, the Pentagon wants to cut $46 million from its Cooperative Threat Reduction program, initiated in the early 1990s to...

Analysts: Congressional pork might have hurt Defense spending

January 5, 2005 Defense analysts say members of Congress might have inadvertently robbed the Army and Marines of resources to build up their stock of up-armored Humvees and other equipment needed to fight an increasingly violent Iraqi insurgency. The fiscal 2005 Defense appropriations bill contains funding cuts for the Army and other programs...

Pentagon budget cuts might squeeze firms

January 4, 2005 The Defense Department's latest proposal to trim roughly $30 billion from a number of Cold War-era military platforms over the next six years suggests the Bush administration's defense buildup in the wake of the terrorist attacks of Sept. 11, 2001, might not translate into big profits for large U.S. contractors....

Senator promises careful scrutiny of Navy carrier changes

January 3, 2005 Senate Armed Services Committee Chairman John Warner, R-Va., is expected to scrutinize any Navy proposal to reduce its aircraft carrier force to 11 and decommission the USS John F. Kennedy, according to a spokesman. Although Warner has not commented on specific details of the forthcoming fiscal 2006 defense budget, the...

Army officer says efforts under way to armor Humvees

December 15, 2004 The Army has obligated $4.1 billion to put additional armor on Humvees and lightweight vehicles operating under fire in Iraq and is doing everything it can to get more armored tactical vehicles to the battlefield, Maj. Gen. Stephen Speakes told reporters Wednesday. "This is a very, very expensive proposition," said...

House Democrat urges Pentagon to use armored personel carriers

December 14, 2004 House Armed Services ranking member Ike Skelton, D-Mo., has asked the Pentagon to consider using existing M-113 armored personnel carriers to protect forces in Iraq while troops await the delivery of armored Humvees. In a Monday letter to Joint Chiefs of Staff Chairman Richard Myers, Skelton said that while light...

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