Aerospace and Defense 2013

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Failed US Airways-American merger will hit foreign flights

WASHINGTON - The U.S. government's effort to prevent US Airways and American Airlines from merging could hurt the carriers' ability to compete on increasingly tough international routes, and that would probably mean fewer options for business travelers.

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U.S. budget cuts complicate Pentagon reform drive

WASHINGTON, Sept 6 - The Pentagon's top weapons buyer acknowledged this week that the budget crisis in Washington is making it hard to execute reforms designed to increase competition and lower costs.

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Budget cuts squeezing smaller defense firms

WASHINGTON - Small companies that make components for everything from tanks to fighter jets and satellites are bearing the brunt of cuts in U.S. military spending with the first casualties already showing up, top U.S. industry and government officials told Reuters this week.

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Industry worries about impact of budget cuts on FAA towers

WASHINGTON - Industry executives urged Congress to help the U.S. Federal Aviation Administration avoid the disruptive air traffic tower closures that created chaos earlier this year as the next round of sequester cuts looms in October.

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United CFO: airline to return cash; concerned about Syria impact

WASHINGTON - United Airlines plans to return cash to shareholders after paying down debt next year, and the airline is on track to hit its target of 10 percent return on capital, the chief financial officer said on Thursday.

U.S. air traffic control overhaul at risk -aerospace trade group CEO

WASHINGTON - An overhaul of the U.S. air traffic control system that would help airlines navigate crowded air routes is likely to be further delayed by U.S. budget cuts, the head of the nation's chief defense and aerospace industry lobbying group said on Thursday.

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Travel to suffer as defense industry cuts budgets

WASHINGTON - Having enjoyed a relatively strong summer travel season, U.S. hotels and airlines face a potential hit this autumn as the nation's defense industry and government departments rein in travel spending.

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Pentagon arms chief aims to preserve R&D weapons funding

WASHINGTON - The Pentagon's chief weapons buyer said he was considering funding early work on a next-generation ground combat vehicle and rotorcraft to ensure the United States maintained its edge in weapons despite steep budget cuts.

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F-35 fighters still highest priority despite budget cuts: Pentagon

WASHINGTON - The Pentagon's chief arms buyer on Wednesday said he did not expect the U.S. Navy to significantly change its plans to buy F-35 fighter jets built by Lockheed Martin Corp , despite mounting pressure on the U.S. military budget.

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Pentagon sees $20 billion hit in 2014 if budget cuts hold

WASHINGTON - The Pentagon would have to slash its budget by about $20 billion in fiscal 2014 from a year earlier if mandatory budget cuts remain in effect, the chief arms buyer for the U.S. military said on Wednesday, calling that an increasingly likely scenario.

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EADS sees flat to lower defense revenue

WASHINGTON - EADS is opting out of bidding on some U.S. weapons programs as it adjusts to cuts in U.S. defense spending, and it expects flat to lower revenue in defense business in coming years as the cuts deepen, a senior executive said on Wednesday. | Video

Speakers

Summit Date Category
China 2014 Oct 27 - 29 Financial Services / Exchanges
Global Commodities and Resources 2014 Nov 3 - 5 Financial Services/Exchanges
Global Investment Outlook 2014 Nov 17 - 20 Financial Services/Exchanges

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