Issa Presses Defense Companies on Budget Layoff Notices
The Republican chairman of a House panel asked defense contractors if they discussed with the Obama administration whether to issue layoff notices to workers days before the Nov. 6 election because of pending defense-spending cuts.www.businessweek.com
World's biggest defense contractors
World's biggest defense contractors. The BAE-EADS merger would have resulted in the world's biggest defense contractors by sales. Here's a look at the top 10 players in the world of weapon systems, according to the Stockholm International Peace ...www.washingtonpost.com
US defence giants poised to swoop on BAE following collapse of merger with ...
Several U.S. defense contractors were said to be eying a takeover of Britain's BAE Systems, after talks between the UK firm and European aerospace conglomerate EADS fell by the wayside.www.dailymail.co.uk
Defense contractors back off layoff notice plans
After new White House guidance prompted defense contractors to back off from their threats of issuing layoff notices in the face of possible mandatory budget cuts, Republican lawmakers last week accused the Obama administration of politicking and vowed ...www.washingtonpost.com
Perdue, defense contractors promote F-35 in Charlotte
N.C. Gov. Bev Perdue and officials with Lockheed Martin made a stop Wednesday in Charlotte to tout the economic benefits of the F-35 Lightning II fighter jet, which is set to become the armed forces' new workhorse warplane.www.newsobserver.com
The Affordability of Defense Contractor CEOs
07:45 GMT, October 12, 2012 There has been a lot of talk about what America will be able to afford in the coming years. And yet for the last decade, the Pentagon has received a blank check for all kinds of pricey, and often ineffective, weapons systems ...www.defpro.com
Cyberattacks Could Become as Destructive as 9/11: Panetta
The Pentagon has made progress in sharing information with private companies, Panetta said. Since May, the Defense Department has expanded a program to share unclassified cybersecurity information with defense contractors to 64 from 34 companies, ...www.businessweek.com
Yes, There Is A Second Female 'Expendables' Spin-Off In The Works And It's ...
So even though Millenium Entertainment were late to the party -- with production company 1984 Private Defense Contractors beating them to the idea of a female "The Expendables" and casting Gina Carano and Katee Sackhoff -- they are getting the ball ...blogs.indiewire.com
Two Poway defense contractors sentenced for fraud
SAN DIEGO (CNS) - Four former Navy officials and three defense contractors, including two from Poway, were sentenced to prison and probation terms Tuesday for their admitted roles in a wide-ranging fraud and corruption scheme at Naval Air Station North ...www.pomeradonews.com
CEOs Underestimated Politics of Defense Deal
The two defense companies blamed the British, French and German governments for having to call off the plan to create the world's biggest aero-defense group by sales, which would have overtaken U.S.blogs.wsj.com
Defense contractors back off layoff notice threats ahead of sequestration
By Marjorie Censer, The Washington Post. Several defense contractors on Monday backed off threats to issue layoff notices to employees in coming weeks, a move they had said might be required given the threat of mandatory federal budget cuts in January.www.washingtonpost.com
SEARCH: $1.6B in defense contracts in region
Whether or not the federal government goes through with automatic spending cuts set to take place in January, is more than a mental exercise for hundreds of Southwestern Pennsylvania companies. Firms of all sizes, from small startups to large ...www.bizjournals.com
Defense Companies Hold Off On Pink Slips, For Now
Defense Companies Hold Off On Pink Slips, For Now. by Larry Abramson. Oct 5, 2012 (All Things Considered) - This week, defense contractors said they would not issue layoff warnings, even though looming budget cuts could lead to big job losses in 2013.www.northcountrypublicradio.org
BAE in Play for US Buyers as EADS Deal Fails
Potential buyers would get a company with a price-earnings ratio that's cheaper than 89 percent of major defense companies and the second-highest free cash flow yield, according to data compiled by Bloomberg. With U.S. aerospace companies also likely ...www.businessweek.com
Administration asks defense companies to delay layoffs, notices; says ...
Two Republican Senators are asking the administration to explain why defense contractors were told by the Labor Department to disregard a federal law that requires companies to give a 60-day notice to employees who are to be laid off.blog.al.com
Military Communities Brace for Sequestration Cuts
Cities near military bases and with ties to defense contractors are bracing for the impact of $500 billion in defense spending over the next 10 years.www.governing.com
Defense contractors told: Don't issue layoff notices
(The Hill) The Obama administration issued new guidance intended for defense contractors Friday afternoon, reiterating the administration's position that the companies should not be issuing layoff notices over sequestration.www.wnd.com
Cuts threaten budgets for Natives, veterans, contractors
For Alaska, the issue really hits home in terms of the possible impact on companies fulfilling defense contracts. In 2011, DOD awarded $3.1 billion in contracts to 740 companies in the state. An impact study done by the Center for Regional Analysis by ...www.alaskajournal.com
Defense contractors diversify while eying sequestration
But for many in the Palmetto State's contracting community, there is both hope for avoiding the blows from a budget ax and acceptance of the need for long-term adjustments to new defense spending realities. "Employees are concerned but calm," Hank ...www.govexec.com
US attitude to contractor mergers unclear
Following the abandonment of EADS's tie-up with BAE, the sixth-biggest US military contractor by annual revenues, US defence companies still do not know whether falling defence spending has made the Pentagon relax its opposition to further ...www.ft.com
Saturday, October 13, 2012
Defense contractors
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