Boeing reported a wider-than-expected first-quarter loss on Wednesday, although revenue met Wall Street forecasts as the company generated cash by delivering more new airliners than it did a year ago.
Boeing lost $561 million — or $537 million after accounting for a loss attributable to a noncontrolling interest — as the coronavirus pandemic continued to hurt demand for new planes.
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Army Fields First New Air Defense Strykers in Europe
April 28, 2021
The 5th Battalion, 4th Air Defense Artillery Regiment (5-4 ADA), 10th Army Air and Missile Defense Command, is the first unit in the Army to receive the Mobile Short Range Air Defense (M-SHORAD) system, April 21, 2021. (Jordan Allen /U.S. Army)
U.S. Army modernization…
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…
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 News earlier that morning.
Kendall is best known as the Pentagon’s top acquisition official during the Obama…
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…
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 variants of the Lockheed Martin F-35 joint strike fighter — was initially manufactured with a total of 188 parts produced by…
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…
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 recruits before entering boot camp. (Mass Communication Specialist 3rd Class Nikita Custer/U.S. Navy)
Navy recruits will no…
