WALTHAM, Mass. — Raytheon Technologies on Tuesday reported first-quarter net income of $753 million, after reporting a loss in the same period a year earlier.
The Waltham, Massachusetts-based company said it had net income of 50 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to 90 cents per share.
The results beat Wall Street…
Biden to nominate Frank Kendall as Air Force secretary
April 28, 2021
WASHINGTON — The Biden administration has officially nominated Frank Kendall to serve as secretary of the Air Force and Gina Ortiz Jones for undersecretary of the Air Force.
The announcement, made by the White House on Tuesday afternoon, confirmed reporting by Defense…
MELBOURNE, Australia — China commissioned 60,000 tons worth of major vessels earlier this month, officially putting into service a new nuclear-powered ballistic missile submarine, a guided-missile cruiser and an amphibious helicopter carrier on the 72nd anniversary of its…
US State Department clears Australia to buy MQ-9B drones
April 27, 2021
WASHINGTON — The U.S. State Department on Friday approved a $1.6 billion foreign military sale of MQ-9B drones for Australia.
The package includes up to 12 MQ-9B aircraft made by General Atomics, as well as Honeywell engines, ground control stations, training simulators, and various satellite terminals and communications equipment necessary for the MQ-9 pilot and sensor operator to control…
WASHINGTON — The cost of the F-35′s engine is set to increase by 3 percent due to Turkey’s removal from the program in 2019, the head of Pratt & Whitney’s military engines division said Thursday.
The company’s F135 engine — which is used in all three…
US Army picks 6 companies to tackle how to power electric combat vehicles in the field
April 23, 2021
WASHINGTON — The U.S. Army has picked six companies that will develop ways to power electric vehicles in austere, remote locations, according to an April 22 Army Futures Command statement.
The effort will support the Army’s Next-Generation Combat Vehicle (NGCV)…
WASHINGTON — The Defense Department is pausing its efforts to field replacement software for the F-35′s troubled logistics system due to a lack of funding, the head of the F-35 program office said Thursday.
In 2020, the F-35 program executive office announced plans to develop a replacement for the Lockheed Martin-made Autonomic Logistics Information System currently used by maintenance…
Recruits line up after arriving on board Fort McCoy, a U.S. Army training center in western Wisconsin, on Aug. 25, 2020. Recruit Training Command (RTC), Great Lakes, Ill., is working with the Army at Fort McCoy to establish a restriction of movement (ROM) site for Navy…
US Army bracing for budget hit next year
April 21, 2021
WASHINGTON — The U.S. Army is bracing for a possible large budget cut in fiscal 2022, a defense official told Defense News.
The service is preparing contingencies should it face a “huge cut,” which means the Army would potentially have to put modernization and…
MELBOURNE, Australia – The first Northrop-Grumman RQ-4B Global Hawk unmanned aircraft destined for Japan took its maiden flight in the United States last week, as the Asian country ramps up its intelligence gathering capability to monitor North Korean and Chinese military activities.
In a news release, Northrop-Grumman said the high-altitude, long endurance drone conducted its maiden flight…
