Saturday, October 13, 2012

Defense contractors

  • 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

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