Defense Daily articles from May 2006

Defense Daily archives from May 2006

Defense watch.
May 1, 2006... The Latest Word On Trends And Developments In Aerospace And Defense Spy Spending. The House approved the 2007 intelligence authorization bill last week. The budget is classified but is estimated to be about $40 billion. Lawmakers included...

The Art of Building A 313-Ship Fleet: Balancing Navy And Industry Needs.(planning of shipbuilding)
May 1, 2006... By Geoff Fein The Navy's 30-year shipbuilding plan, calling for an increase to 313 ships, required an understanding of each ship yard's pricing agreements as well as having a modernization program in place to ensure ships are supported...

Border Patrol's Predator UAV crashes during operation.(Unmanned Aerial Vehicle)
May 1, 2006... By Calvin Biesecker A Border Patrol Predator B Unmanned Aerial Vehicle (UAV), which began operating last October, crashed last week during border security operations in Arizona along the border with Mexico. Operators lost contact...

SMDC to hold Comprehensive Force Protection Initiative industry day.(Space and Missile Defense Command)
May 1, 2006... In support of the Comprehensive Force Protection Initiative (CFPI), the Army Space and Missile Defense Command plans a May 16 industry day in Dallas, Texas, in support of the Counter-Rocket Artillery Mortar (C-RAM) program office, to discuss...

Northrop Warns Cutting Hurricane Relief Money Would Slow Navy Shipbuilding.(Northrop Grumman Corp)
May 1, 2006... By George Cahlink Northrop Grumman [NOC] said last week that if the Senate cuts $500 million in emergency hurricane relief spending for the company's Gulf Coast shipyards it would lead to delays and increased costs for Navy shipbuilding....

Turkey to spend $162 million for 50 Boeing SLAM-ER.(Brief article)
May 1, 2006... Turkey has requested a possible $162 million purchase of 50 Boeing [BA] AGM-84K Joint Standoff Land Attack Missiles-Expanded Response (SLAM-ER), as well as associated equipment and services, according to the Defense Security Cooperation...

Lockheed Martin gets $901 million award for five CTOL Joint Strike Fighters.(Conventional Take Off and Landing)(Brief article)
May 1, 2006... The Navy last week awarded Lockheed Martin [LMT] a $901 million advance acquisition contract for long-lead efforts and materials associated with the lot 1 low rate initial production of five F-35A Joint Strike Fighter (JSF) conventional...

Air Force Advocates Joint Program For Acquisition of Small Munitions.
May 2, 2006... By Michael Sirak Air Force weapons developers are calling for a joint initiative with the Army and Navy to develop a new family of miniature precision-guided weapons for use off of unmanned aerial vehicles and perhaps other platforms,...

DSS Halts New Contractor Security Clearance Requests.(Defense Security Service)(Brief article)
May 2, 2006... By Ann Roosevelt Effective April 28 and until further notice, the Defense Security Service (DSS) has discontinued accepting industry requests for new personnel security clearances and periodic reinvestigations, an urgent notice to all...

Boeing to acquire airline parts distributor Aviall.
May 2, 2006... By Calvin Biesecker In a move to accelerate the growth of its relatively new airline services support business, Boeing [BA] yesterday said it has agreed to acquire aviation parts distributor Aviall, Inc. [AVL] for $1.7 billion in cash....

'Buy America' Backers Pleased USAF Will Weigh Subsidies In Tanker Competition.(United States. Air Force)
May 2, 2006... By George Cahlink Leading congressional backers of 'Buy America' rules are pleased the upcoming Air Force tanker aircraft competition will consider whether bidders receive subsidies from foreign governments. The Air Force released a...

Lawmakers Push For $400 Million For Second Submarine In Defense Spending Bill.
May 2, 2006... By George Cahlink Submarine backers want to add $400 million to the 2007 defense spending bill to buy Virginia-class submarines more quickly. In an April 28 letter to Rep. Bill Young (R-Fla.), the House's top defense appropriator, 23...

Services Closer To Wrapping Up Joint Light Tactical Vehicle Requirements.
May 2, 2006... By Geoff Fein Several studies examining aspects of the services' requirements for the Joint Light Tactical Vehicle (JLTV) are expected to be wrapped up this month, or sent up the Pentagon's chain of command, as the military works to...

Senate Backs $500 Million In Hurricane Relief For Northrop Grumman Shipyards.
May 3, 2006... By George Cahlink The Senate narrowly backed giving Northrop Grumman [NOC] as much as $500 million yesterday to cover loses resulting from damage to its Gulf Coast shipyards by Hurricane Katrina. The Senate voted 52 to 47 against...

FCS Faces Milestone Review Update.(future combat system )(Brief article)
May 3, 2006... By Ann Roosevelt The Army's major acquisition program, the potential $120 billion Future Combat System (FCS), faces a Defense Acquisition Board (DAB) Milestone B update today. Managed by Boeing [BA] and SAIC (SAIC) as lead system...

Crew survivability top priority for Humvee replacement.
May 3, 2006... By Geoff Fein While the services are looking at a variety of vehicles to replace the Humvee, everything from hybrid electric drives to prototypes being developed by defense laboratories, the safety and survivability of the crew remains...

Military business drives Oshkosh's sales, earnings up.(Oshkosh Truck Corp.)(Brief article)
May 3, 2006... By Calvin Biesecker Oshkosh Truck Corp. [OSK] yesterday reported strong second quarter financial results led by its military truck business, which continues to benefit from war time operations, and improving performance in its commercial...

ATK successfully demonstrates MRM maneuverability.(mid-range munition)(Brief article)
May 3, 2006... ATK [ATK] said Monday it successfully demonstrated the maneuverability of its guided Mid-Range Munition-Kinetic Energy (MRM-KE) precision projectile at Yuma Proving Ground, Ariz. The MRM-KE round was fired from an M1 Abrams. After leaving...

ADG completes first UAV demo of High-Definition video wireless link.(Allied Defense Group)(unmanned aerial vehicle)(Brief article)
May 3, 2006... The Allied Defense Group (ADG) yesterday said its Global Microwave Systems (GMS) subsidiary has successfully completed the industry's first successful unmanned aerial vehicle (UAV) flight demonstration of a High- Definition (HD) video wireless...

Transformation trickle down.(aviation personnel)
May 3, 2006... By Ann Roosevelt In Army aviation, aviators and maintenance personnel are the end of the line for transformation, and its effects can be minimal or make life easier, some say. In a snapshot of their life, several soldiers singled out...

GAO report calls for delaying Milestone C for Expeditionary Fighting Vehicle.(Government Accountability Office )
May 3, 2006... By Geoff Fein The Pentagon should delay Milestone C for the Expeditionary Fighting Vehicle (EFV) due to a number of issues with design maturity, and concerns over a 45 percent increase in unit cost that have occurred in the final phase...

CACI completes acquisition of AlphaInsight.(AlphaInsight Corp)(CACI International Inc.)(Brief article)
May 3, 2006... CACI International [CAI] on Monday said it has completed its acquisition of federal information technology services provider AlphaInsight Corp., expanding its business with the Departments of State and Justice while giving it additional...

SRA posts increased sales, earnings.(SRA International Inc.)(Brief article)
May 3, 2006... SRA International [SRX] on Monday reported increased sales and earnings for its third quarter that were below the company's original guidance due to previously announced higher bid costs for government work and unfunded advance work it did...

Japan to spend $147 million on Airborne Early Warning equipment, services.(Brief article)
May 3, 2006... Japan is looking to buy four sets of Airborne Early Warning (AEW) and Command, Control and Communications (C3) mission equipment/Radar System Improvement Program (RSIP) Group A and B kits as well as associated equipment and services worth a...

HASC Cuts FCS Funding To Buy More Abrams Tanks and Bradleys.(House Armed Services Committee)(Future Combat System)
May 4, 2006... By George Cahlink The House Armed Services Committee (HASC) backed a 2007 defense authorization bill yesterday that cuts $326 million for the Army's Future Combat System (FCS) in favor of buying more traditional ground systems, such as...

House Panel Rejects Three Carriers Deal, Cuts Many Missile Programs.(approval for defense contracts)
May 4, 2006... By Dave Ahearn The House Armed Services Committee (HASC) yesterday rejected a proposal to authorize a Navy contract award for up to three next-generation Northrop Grumman [NOC] CVN 21 aircraft carriers to be funded before the end of the...

Raytheon's Board Limits CEO's Pay Over Book Flap.(chief executive officers)(Raytheon Aircraft Co)
May 4, 2006... By Calvin Biesecker Raytheon's [RTN] board of directors yesterday said it would not give William Swanson, the company's chairman and CEO, a pay raise next year following the disclosure last week that a pocket-size book he issued last...

SASC Begins Work On Authorization Bill, Spending Could Be Tight.(Senate Armed Services Committee)
May 4, 2006... By George Cahlink The Senate Armed Services Committee (SASC) began drafting a 2007 defense authorization bill this week that will seek to balance soaring war costs with the need to modernize the military. SASC Chairman John Warner...

Lockheed Martin Team Wins Submarine Combat System Integration Work.(defense contracts)
May 4, 2006... By Geoff Fein A Lockheed Martin [LMT]-led team will provide end-to-end systems engineering, development test, integration and life cycle support for all in- service Navy submarine combat systems, as well as for systems that will be...

Raytheon: SDB II Represents New Generation of Weapon.(Small Diameter Bomb Increment II)
May 4, 2006... By Michael Sirak The Air Force's Small Diameter Bomb Increment II (SDB II) system represents not only a new type of battlefield weapon, but also the beginning of a new era in precision-guided munitions that will dominate future...

Senate Backs $108 Billion Emergency Spending Bill--Faces Tough Conference.
May 5, 2006... By George Cahlink The Senate approved a $108 billion emergency spending package on Thursday for war costs and hurricane relief that provides billions in new spending on weapon systems and as much as $500 million in aid to Northrop...

SAIC reports sales, earnings increases in fourth quarter.(Science Applications International Corp)(Brief article)
May 5, 2006... Science Applications International Corp. (SAIC) this week reported increased sales and earnings in the fourth quarter and fiscal year. Sales in the fourth quarter increased 5 percent to $2 billion from $1.9 billion while net income...

SI International reports strong first quarter.(Brief article)
May 5, 2006... SI International [SINT] on Tuesday reported strong first quarter sales and earnings, driven by organic growth, acquisitions and improved operating performance. Net income increased 34 percent to $4.3 million, 36 cents earnings per share...

Russian Admiral Says Sub Missile Launches All Seem Alike.
May 5, 2006... By Dave Ahearn A Russian admiral said that there is no way to differentiate a U.S. submarine launching a conventional-warhead missile from a sub launching a nuclear-tipped weapon. Vice-Adm. Vladimir Avdoshin, deputy chief of the naval...

Air Force, Army still working out details of UAV agreement.(unmanned aerial vehicles)
May 5, 2006... By Michael Sirak The Air Force and Army continue to work out the details of how they will coordinate their activities in the acquisition and operation of their respective Predator and Warrior unmanned aerial systems, officials from both...

Finding Ways To Contain Costs In The Navy's Shipbuilding Plan.
May 5, 2006... By Geoff Fein As the Navy continues to look at ways to lower the construction cost of surface ships, it must also work to keep the cost of ships such as the Littoral Combat (LCS) ship and DDG-1000 from spiraling above their respective...

MDA Looks To Slash The Time It Takes To Detect Ballistic Missiles.(Missile Defense Agency)
May 5, 2006... By Michael Sirak The Missile Defense Agency (MDA) is pursuing several novel all-weather sensors that hold the promise of dramatically reducing the time it takes to detect the launch of a ballistic missile and classify it, two U.S....

Lockheed Martin to provide more army PAC-3 missiles.(Patriot Advanced Capability-3)(Brief article)
May 5, 2006... Lockheed Martin [LMT] received a $379 million contract from the Army for 112 Patriot Advanced Capability-3 (PAC-3) missiles, launcher modification kits, program management and engineering, spares and other necessary equipment. "The...

Lockheed Martin to acquire RFID tag provider Savi Technology.(radio frequency identification)
May 5, 2006... Lockheed Martin [LMT] yesterday it has agreed to acquire privately-held Savi Technology, a developer and provider of active radio frequency identification (RFID) tags and related systems to enhance supply chain visibility and security, in a...

SASC Completes Markup of $517.7 Billion Defense Bill, Slashes JSF Funding.(Senate Armed Services Committee, joint strike fighter)(Brief article)
May 5, 2006... By George Cahlink The Senate Armed Services Committee (SASC) approved a $517.7 billion fiscal year 2007 defense authorization bill on Thursday that slashed funding for the Joint Strike Fighter (JSF). Lawmakers cut $1.4 billion from...

Defense Watch.(defense spending approved by House. Committee on Armed Services)
May 8, 2006... The Latest Word On Trends And Developments In Aerospace And Defense On The Floor. The House will spend most of this week debating and likely passing the $512.9 billion defense authorization bill drafted by the House Armed Services...

Refinancing Costs Trim Profits At ATK.(Alliant Techsystems Inc.)
May 8, 2006... By Calvin Biesecker Alliant Techsystems [ATK] yesterday reported lower fourth quarter earnings despite a strong increase in sales due to costs incurred in March for refinancing a portion of its debt. Net income tumbled 39 percent to...

Navy Exploring New Sensor Technologies And Electric Propulsion For Torpedoes.
May 8, 2006... By Geoff Fein The Navy is looking at various technology changes to torpedoes that include new sensors for littoral operations and electric motors to reduce cost and provide stealth, a Navy official said. One of the most important new...

Army Looks For Information On Next Generation Body Armor System.
May 8, 2006... By May 31 the Army wants potential sources for a Next Generation Body Armor System to improve on and replace the current Interceptor Body Armor (IBA). The Request For Information, issued in the May 3 issue of FBO Daily, is from the Army...

AgustaWestland Chooses BAE SYSTEMS For Digital Flight Control Computer.(Brief article)
May 8, 2006... AgustaWestland has awarded a $32 million contract to BAE SYSTEMS to develop the digital flight control computer as part of the Helicopter Electro Actuation Technology (HEAT) program for the U.K. Royal Navy's EH101 Merlin helicopter fleet. ...

SASC Wants Navy to Buy Second Submarine At "Earliest Opportunity".(Senate Armed Services Committee)
May 8, 2006... By George Cahlink The Senate Armed Services Committee (SASC) approved a $517.7 billion defense authorization bill last week that requires the Navy to begin buying two submarines per year as soon as possible but does not provide much...

Air Force warfighting experiment shows value of connectivity, general says.
May 8, 2006... By Michael Sirak The Air Force's just-concluded major command-and-control exercise demonstrated the tremendous impact on warfighting effectiveness that instantly sharing information with soldiers at all levels can have, according to the...

Defending Ships From Torpedoes Could Lead To New Dual Use System.
May 9, 2006... By Geoff Fein The Navy is looking to improve torpedo defense for surface and sub- surface ships that will include advanced sensors and the Anti-Torpedo Torpedo (ATT) that could potentially have an offensive use as well, according to a...

United Industrial Reports Strong Sales But Earnings Fall.
May 9, 2006... United Industrial Corp. [UIC] yesterday reported strong first quarter sales led by demand for its Shadow unmanned air vehicle (UAV) system but net income fell versus a year ago when earnings benefited from a one-time gain related to the sale...

SASC Backs $9.3 Billion Budget Request For MDA, Cuts Some Research.(Senate Armed Services Committee, Missile Defense Agency)
May 9, 2006... By George Cahlink The Senate Armed Services Committee (SASC) is backing increased spending for existing missile defense systems, but is doing so at the expense of funding long-range missile defense research efforts. SASC matched the...

Army Looks For Available Hardened UGVs.(unmanned ground vehicles )
May 9, 2006... The Army is looking for existing unmanned ground vehicles (UGV) for reconnaissance and collection efforts that would include radiation-contaminated areas, allowing the operator a stand off range of five to 10 miles. By May 13, the Army...

Company Modifies Shot Detection System, Looking For High Quantity Producer.(BBN Technologies)
May 9, 2006... By Geoff Fein BBN Technologies, developers of the Boomerang gunshot detection system, currently in use by the Army and Marines in Iraq, is making upgrades to its technology to make it easier for operations and maintenance, a company...

AAI Corp. Receives $87 Million Army Order For Additional Shadow UAS.(unmanned aircraft systems)(Brief article)
May 9, 2006... United Industrial Corp.'s [UIC] AAI Corp. yesterday announced an $87 million Army order for nine more Shadow 200 Tactical Unmanned Aircraft Systems (UAS). "This is the fifth consecutive full-rate production contract awarded to AAI since...

Swiss Tap Elisra's Tadiran For Comms Program.(Tadiran Electronic Systems Ltd. signed by Army)(Brief article)
May 9, 2006... Israel's Tadiran Electronic Systems, a member of the Elisra Group, announced that its TCC/IP Tactical Communication Controller was selected in a competition to provide a common platform for the integration of the Swiss Army's today tactical...

Rolls-Royce To Supply 42 Propulsion Systems For C-27J.(Rolls-Royce North America Inc. signs agreement with Alenia Aeronautica S.p.A.)(Brief article)
May 9, 2006... Finmeccanica's Alenia Aeronautica and Rolls-Royce have signed a more than $200 million agreement whereby Rolls Royce will supply 42 propulsion systems for the C-27J tactical military transport aircraft. The C-27J is a candidate for the...

Northrop Grumman Sees Delays, Cost Increases If Hurricane Relief Funds Nixed.
May 10, 2006... By Geoff Fein Unless Northrop Grumman [NOC] Ship Systems gets upward of $200 million in the Hurricane Katrina supplemental, recovery of the company's Gulf Coast shipyards could take three to five years as the company would have to wait...

Admiral Rejects Proposal To Kill Next-Generation Destroyer.
May 10, 2006... By Dave Ahearn The Navy needs its radar-evading next-generation DD(X), or DDG 1000, destroyers, in effective numbers, according to Vice Adm. Paul Sullivan, commander of the Naval Sea Systems Command. Sullivan responded to a question...

Graham Says Export Control Rules Are 'Out of Balance,' Seeks Overhaul of ITAR.(Lindsey Graham, International Traffic in Arms Regulations)
May 10, 2006... By George Cahlink Sen. Lindsey Graham (R-S.C.), a member of the Senate Armed Services Committee, vowed yesterday to push the Bush administration to ease export control rules long criticized by defense contractors as hampering their...

Lockheed Inks Deal With Air Force On 'Hybrid' Space Launch Vehicle.(Lockheed Martin Corp.)
May 10, 2006... By Michael Sirak Lockheed Martin [LMT] has won one of four Air Force contracts to mature concepts for future space launch vehicles that employ a reusable, fly-back first stage and an expendable second stage booster, the company said...

U.K. Aircraft Carrier Alliance Companies Move Forward.(United Kingdom. Ministry of Defence signs pact)(Brief article)
May 10, 2006... The U.K. Ministry of Defence and its Aircraft Carrier Alliance (ACA) partners--BAE SYSTEMS, KBR, Thales UK, VT Group and Babcock--signed a series of contracts with a total value of about $267 million to continue to refine and develop the...

House May Waive Clearance Requirement Renewals For Firms Due To Backlog.
May 10, 2006... By George Cahlink House lawmakers are considering adding a provision to the 2007 authorization bill this week that would prevent contractors from losing their jobs due to government delays in processing security clearances. Rep. Rob...

Armor Holdings Acquisition of Stewart & Stevenson Put On Hold.(Stewart and Stevenson Services Inc.)
May 10, 2006... By Calvin Biesecker Stewart & Stevenson Services, Inc. [SVC] shareholders yesterday failed to muster the two-thirds majority vote needed to approve their company's acquisition by Armor Holdings [AH], forcing the company to allow the vote...

DHS Awards Lockheed Martin $120 Million To Run Immigration Call Center.(Department of Homeland Security)(Brief article)
May 10, 2006... The Department of Homeland Security (DHS) has awarded Lockheed Martin [LMT] a five-year contract estimated at $120 million to provide call center services for the agency's U.S. Citizenship and Immigration Services (USCIS), the company said...

Obering: Greater Ground Defense Role Could Yield Fewer BMD Ships.(ballistic missile defenses)
May 11, 2006... By Dave Ahearn Using radar tracking data from ground-based systems might mean the U.S. ballistic missile defense forces would require fewer advanced radar ships, according to the director of the Missile Defense Agency. Air Force Lt....

Young Opposes $500 Million Aid Package For Northrop Grumman.(Bill Young )
May 11, 2006... By George Cahlink Despite several meetings with top Northrop Grumman [NOC] executives, Rep. Bill Young (R-Fla.) the House's top defense appropriator, opposes giving the contractor as much as $500 million to help rebuild Gulf Coast...

DoD Continues To See Little Dependence On Foreign Suppliers.(Department of Defence)
May 11, 2006... By Calvin Biesecker The Defense Department continues to have little reliance on foreign sources of supply and overall the U.S. maintains a strong export to import ratio for defense goods, the Pentagon says in its latest annual report to...

NATO Missile Defense Feasibility Study delivered.
May 11, 2006... By Ann Roosevelt The final report of the NATO Missile Defense Feasibility Study was delivered yesterday to the North Atlantic Council, the alliance's senior political governing body. Marshall Billingslea, NATO's assistant secretary...

THAAD Test Set For Today.(Terminal High Altitude Area Defense )(Brief article)
May 11, 2006... The Terminal High Altitude Area Defense (THAAD) system will be tested today in the Pacific test range, senators were told. While the system previously has been tested at the White Sands, N.M., range, the system now requires testing in a...

Boeing's Top Lawyer Bain To Retire.(Douglas Bain)(Brief article)
May 11, 2006... Boeing [BA] yesterday said that Douglas Bain, its top lawyer since 1999, plans to retire from the company effective July 1 and will be succeeded by J. Michael Luttig, a judge on the U.S. Court of Appeals for the 4th Circuit. Bain, 57,...

DoD Plans Busy Second Half of Year With India, Starting With Krieg Trip.(Department of Defense)
May 11, 2006... By Michael Sirak The visit of Pentagon acquisition chief Kenneth Krieg to New Delhi in mid-summer will lead off a series of high-level meetings and bilateral military exercises planned for the second part of this year between the United...

Defense Industry Fighting 'Buy America' Restrictions On Metals.
May 11, 2006... By George Cahlink Defense contractors are fighting a new congressional 'Buy America' proposal that would require any specialty metals used in building weapon systems be manufactured within the United States. John Douglass, president...

First THAAD Integrated Flight Test Successful, MDA Says.(Terminal High Altitude Area Defense, Missile Defense Agency )
May 12, 2006... By Ann Roosevelt The Missile Defense Agency (MDA) said yesterday's integrated flight test of Lockheed Martin's [LMT] Terminal High Altitude Area Defense (THAAD) Ballistic Missile Defense System (BMDS) element met all planned test...

Lawmakers Lacerate NPOESS Program On Costs, Delays.(National Polar-orbiting Operational Environmental Satellite System)
May 12, 2006... By Dave Ahearn Members of a House committee lambasted the National Polar-orbiting Operational Environmental Satellite System (NPOESS) program, citing soaring costs, schedules missed and performance fees paid to the contractor when some...

Boeing Tests GMD Silo And Launch System Components.(ground-based midcourse defense)
May 12, 2006... Boeing [BA] tested modified underground silo and launch system components for the Ground-based Midcourse Defense (GMD) interceptor, the company announced. This opens the way for the silo system to engage in a flight test this summer,...

House Passes $512.9 Billion DoD Authorization Bill, Rejects Missile Defense Cuts.(United States. Department of Defense)
May 12, 2006... By George Cahlink The House overwhelmingly passed yesterday a more than half a trillion- dollar defense authorization bill for 2007, after resisting an attempt to slash spending on missile defense programs. Lawmakers approved, 396-31,...

House Appropriations Panel Fences $1.3 Billion In DHS Funds.(Department of Homeland Security )
May 12, 2006... By Calvin Biesecker The House Appropriations Homeland Security Subcommittee yesterday approved a $32.1 billion budget for the Department of Homeland Security (DHS) in FY '07 but not without strings that withhold $1.3 billion until the...

Advanced Technologies, UAVs, Playing Vital Role In Processing Intelligence.(unmanned aerial vehicles)
May 12, 2006... By Geoff Fein Advances in technologies for maritime domain awareness and for disseminating intelligence are coming to bear as the need to make processing intelligence easier for civilian and uniformed analysts grows, said a Navy...

Navy Completes Successful Tests of Shaped Trajectory Hellfire Missile.
May 12, 2006... By Geoff Fein The Navy recently completed two successful shots of the shaped trajectory Hellfire missile to evaluate modifications to the flight control software that will enable the projectile to fly a flatter trajectory, according to...

Shareholder Believes Stewart & Stevenson Can Get Better Deal.(Stewart and Stevenson Services Inc. to be acquired by Armor Holdings Inc.)
May 12, 2006... By Calvin Biesecker An investment firm that holds a small stake in Stewart & Stevenson [SVC] wants the company's board of directors to seek from Armor Holdings [AH], which has an agreement to buy the maker of Army trucks, a waiver to the...

Defense Watch.(Andrews Space and Technology is signed by United States. Air Force)(United States. Congress. House to check all vehicles in Iraq and Afghanistan)(United States. Congress. House. Committee on Appropriations to announce the amount to be spent on homeland security and energy)
May 15, 2006... The Latest Word On Trends And Developments In Aerospace And Defense Mark Ups on Tap. The House Appropriations Committee is set to markup its 2007 spending bills this week for homeland security and energy, which includes nuclear weapons...

White House Threatens To Veto Defense Bill Over Expanded 'Buy America' Rules.(defense authorization bill)
May 15, 2006... By George Cahlink The White House is threatening to veto the final 2007 defense authorization bill if it strengthens 'Buy America' provisions that defense contractors believe hurt their businesses. In a statement released last week,...

Bush Says Cuts Could Harm Modernization.(George W. Bush)
May 15, 2006... By George Cahlink The Bush administration is warning changes to the Pentagon's proposed weapons buying in the House's 2007 defense authorization bill will hamper military modernization efforts. The House last week passed a $512.9...

NNSA Head Says Advent of a Fallout-Free Nuke penetrator Is Unlikely.(National Nuclear Security Administration, Linton Brooks)
May 15, 2006... By Michael Sirak The prospects of designing a nuclear bunker-buster munition that can take out difficult-to-access underground targets without spreading radiation on the surface are unlikely, the head of the Department of Energy's...

DRS Posts Record Fourth Quarter And Fiscal Year.(DRS Technologies Inc.)(Brief article)
May 15, 2006... Helped by its recent acquisition of Engineered Support Systems coupled with strong organic growth, DRS Technologies [DRS] on Friday reported record financial results for its fourth quarter and fiscal year. Net earnings in the latest...