Aerospace and Defense 2011

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U.S. faces tough choices on defense budget

WASHINGTON - Ten years after the United States embarked on a war against terrorism in the rubble of the September 11 attacks, the country finds itself financially exhausted and facing hard strategic choices as it grapples with new budget realities.

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FBI eyes possible corruption in aerospace

WASHINGTON - U.S. law enforcement officials are tracking possible bribery and corruption issues involving the global aerospace industry and foreign state-owned airlines, according to legal and government sources.

Arms companies fight over fighter moniker

WASHINGTON - A squabble among arms companies over what to call the world's most advanced warplanes could roil the competition for multibillion-dollar fighter contracts worldwide.

U.S. military-industrial said no longer so complex

WASHINGTON - Fifty years after President Dwight Eisenhower famously warned the United States to guard against the "military-industrial complex," the reality has changed and the term is outdated, the head of a group that represents arms makers said.

Boeing shrugs off concerns about tanker budget

CHICAGO - When Boeing Co bagged a $30 billion Pentagon order for refueling tankers in February, skeptics said its budget for the program was unrealistic.

U.S. arms makers to meet Pentagon chief

WASHINGTON - Top U.S. arms makers are set to meet Defense Secretary Leon Panetta at the Pentagon next Tuesday to discuss their concerns about possible deep cuts to the Defense Department budget, the head of the industry's chief trade and lobbying group said.

GE exec: Military business future hangs on F-35

BOSTON - General Electric Co believes its future in the large military jet engine business depends on the fight for its alternate engine for the multinational F-35 fighter jet.

U.S. aerospace/defense stresses jobs

WASHINGTON - U.S. military contractors are more than ever promoting the stimulative impact of their business on jobs and the economy as Congress mulls steeper cuts in defense spending to reduce the budget deficit.

U.S. scrutinizes foreign defense M&A

WASHINGTON - U.S. regulators are increasingly taking a tougher stand on foreign takeovers in the defense sector to protect technology designed to deal with the growing and unseen threats of the cyber age.

Arms firms in strategic bind over cuts

WASHINGTON - Defense companies set to feel the spending ax under a recent U.S. debt deal are making urgent reviews of their strategic options -- under pressure to find ways to secure growth in an overall declining industry.

Iridium says space collision risk low

WASHINGTON - The danger of collisions between satellites in space has lessened sharply thanks to better coordination with U.S. military satellite trackers, said the head of Iridium Communications Inc , which was involved in the only such mishap to have occurred so far.

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