« Archive »

Defense Daily, Thursday, October 25, 2018, Vol. 280, Issue 19

Muilenburg Touts T-X, MQ-25 As $60 Billion Franchise; Boeing's Sales, Earnings Up

Boeing [BA] Chief Dennis Muilenburg on Wednesday said his company’s bids and ultimate wins in the third quarter on two marquis dollar U.S. defense programs were clearly aimed at capturing long-term business worth potentially more than $60 billion for domestic and international customers.Muilenburg said the Air Force’s T-X trainer and Navy’s MQ-25 unmanned aerial refueling…

Northrop Grumman Posts Higher Sales And Income In Third Quarter

Buoyed by the acquisition of Orbital ATK, a positive cost claim, improved segment margins, a pension benefit and lower taxes, Northrop Grumman [NOC] on Wednesday reported higher sales and earnings in its third quarter.The company also raised its earnings and cash flow guidance for 2018 to reflect the cost claim, lower interest expense, a pension…

Acquisition, Operating Results Lift GD's Sales And Income In Third Quarter

General Dynamics [GD] on Wednesday posted increased sales and earnings in its third quarter due to its recent acquisition of CSRA Inc. and higher revenue and income at its operating segments.Sales increased 20 percent to $9.1 billion from $7.6 billion a year ago, with organic revenue up nearly 5 percent and the CSRA deal accounting…

White House to Study Defense Industry Infrastructure Following Recent Report

The White House plans to assess the current state of the U.S. defense industry’s infrastructure following the release of its inaugural defense industrial base report earlier this month, a senior administration official said Oct. 24.“It is long past time for an assessment … of our infrastructure,” said Peter Navarro, assistant to the president and director…

Embraer's KC-390 Cargo Tanker Receives Brazilian Type Certification

Embraer’s KC-390 multi-mission military cargo plane has received type certification from Brazil’s civil aviation authority, the ANAC, clearing a path to full operational capability next year.Aimed at competing with Lockheed Martin’s [LMT] long-dominant C-130 Hercules transport plane, the KC-390 completed the first flight of a production model earlier this month, priming it for certification.Embraer partner…

Pentagon Spending $34 Million To Expand Ethical Hacking Program

The Department of Defense is expanding its bug bounty program, awarding $34 million in contracts to three companies, as the department looks to task ethical hackers with finding vulnerabilities beyond public facing domains.DoD’s Defense Digital Service (DDS) has tasked cyber security companies HackerOne, Bugcrowd and Synack with running programs through 2021 to pay hackers for…

Fincantieri And Naval Group Sail To Naval Joint Venture

Italy’s Fincantieri and France’s Naval Group said this week they will launch an alliance to incorporate a 50-50 joint venture to compete for European naval competitions.The two companies are owned, via majority shareholders, by each country’s government. During the September 2017 Franco-Italian Summit, the French and Italian governments announced an intention to start discussions to…

Bipartisan House Bill Pushes to End Arms Sales to Saudi Arabia

A bipartisan House bill announced Oct. 23 aims to prohibit military sales and aid to Saudi Arabia, effectively immediately.Rep. James McGovern (D-Mass.) is sponsoring a new bill co-signed by 20 lawmakers in the House that would ban the Defense Department from providing any assistance — to include security assistance, intelligence, training, equipment, maintenance, testing or…

Lead Official Details Mission Of Pentagon’s New AI Center

A lead official for the Pentagon’s artificial intelligence center offered details Wednesday on the new office’s initial mission to operationalize new capabilities to assist with humanitarian assistance and disaster relief efforts.Brendan McCord, chief architect of the Department of Defense’s Joint Artificial Intelligence Center (JAIC), told attendees at a Nvidia [NVDA] conference the new office’s work…

Sustaining AH-64 Apache Fleet To 2050-60 Looming Issue For Army

MESA, Ariz.--While the U.S. Army plans to have the AH-64 Apache attack helicopter in its formations until 2050-60, Boeing [BA] officials believe that the Army will require a follow-on to the AH-64E to bridge the gap with the service's Future Vertical Lift program."Even using the most aggressive plan they have to replace that fleet with…