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Friday, November 27, 2020

Bloomberg Tony Capaccio

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Pentagon blocks Littoral Combat Ship overrun from GAO report

The Pentagon office that reviews information to determine whether it's classified has blocked publication of potentially embarrassing data on cost overruns for the first...

Trump’s defense spending push may start with Boeing Super Hornet

President Donald Trump's push to increase defense spending is starting with a $30 billion amendment to this year's budget that may boost funding for...

Trump’s F-35 calls came with a surprise: rival CEO was listening

Days before taking office, President-elect Donald Trump made two surprise calls to the Air Force general managing the Pentagon's largest weapons program, the Lockheed...

Navy on hook for most fixes on littoral ships, GAO finds

The Navy must pay "for the vast majority of defects" on its troubled Littoral Combat Ship, not contractors Lockheed Martin Corp. and Austal Ltd.,...

Navy’s troubled Littoral Combat Ship at crossroads, GAO says

The U.S. Navy's Littoral Combat Ship program "stands at a crossroads," as the service prepares to ask Congress to authorize spending as much as...

Trump’s doubts on F-35 cast pall on pace of defense buildup

Donald Trump's doubts about the $379 billion F-35 jet, the Pentagon's largest weapons program, could cast a pall over the defense industry's early euphoria...

Lockheed’s F-35 said to need $500 million more for development

The Pentagon will need as much as $500 million extra to finish the development phase for Lockheed Martin Corp.'s F-35, the most expensive U.S....

Pentagon spent $58 billion on weaponry it ended up canceling, including items from Bell, Lockheed

The Pentagon has canceled 22 programs in advanced development after spending a combined $58.3 billion on them since 2002, according to the Defense Department's...

Lockheed’s F-35 still falls short, Pentagon’s tester says

A week after the Air Force declared its version of Lockheed Martin Corp.'s F-35 jet ready for limited combat operations, the Pentagon's top tester...

Lockheed’s F-35 deals barred until Air Force vouches for fixes

As negotiations drag on over Lockheed Martin's biggest U.S. contracts yet to build F-35 jets, one potential impediment hasn't attracted public attention: a congressional...

Today

Venezuela judge convicts 6 American oil execs, orders prison

By SCOTT SMITH ASSOCIATED PRESSCARACAS, Venezuela (AP) — Six American oil executives held for three years in Venezuela were found guilty of corruption charges...