-
The U.S. Navy has two years to convince critics, from lawmakers to some in its own ranks, that its troubled $37 billion Littoral Combat Ship program is worth continuing beyond the 24 vessels already under contract.
-
Pentagon weapons spending through 2017 will be $20.6 billion, or 4.5 percent, less than projected a year ago for the same period, according to internal figures.
-
Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived.
-
The Obama administration foresees 21st century wars fought with fewer boots on the ground and more drones in the air, while the Pentagon continues buying weapons from the last century.
-
The year-end plunge in U.S. defense spending may provide the industry with more ammunition to fight automatic budget cuts it says will harm the economy.
-
A shake-up is under way on the congressional committees that oversee national security and defense just days after elections that did little to change the balance of power in the U.S. Senate and House.
-
Lockheed Martin Corp. and Northrop Grumman Corp. reported weak sales at their information technology units and predicted the operations will drag down revenue next year, especially if automatic U.S. budget cuts take effect.
-
Defense spending plummeted in the last three months of the year, which may foreshadow the dangers to the economy of across-the-board budget reductions set to kick in March 1.
-
Robert Stevens turned out to be one of the biggest trophies in the acquisition binge that made Lockheed Martin Corp. the world’s biggest defense contractor.
-
Mitt Romney’s pledge to spend at least 4 percent of the U.S. gross domestic product on the military isn’t an immediate goal or even one he is sure to meet in a first term as president, according to a defense adviser.
Rate this Page