Boeing (NYSE: BA) sent a proposal to the U.S. Air Force outlining a plan for the next-generation aerial refueling tanker aircraft. A version of Boeing’s 767 commercial airplane, the NewGen Tanker would replace 179 of the 400 aging KC-135 aircraft currently in the Air Force fleet. “We are honored to support our U.S. Air Force [...]
The Obama administration’s design to cut down “wasteful” spending is lurching toward reality. In a bid to curb wasteful spending, Undersecretary of Defense for Acquisition Ashton Carter is making good on Secretary of Defense Robert Gates’ call to tighten the defense spending budget, while President Barack Obama’s budget and technology braintrust has put at least [...]
Defense contractors are seeing change on a variety of fronts. Topping the list is a shift from combat support in the Middle East to longer-term sustainment solutions. That’s no easy task given the current slew of challenges: an increase in oversight and fixed price competitions, plus a decrease in smaller contract values. For an inside [...]
Northrop Grumman has just announced that Chairman and Chief Executive Ronald Sugar, who’s been in his current role since 2003, will retire June 2010. Sugar will be replaced by Wesley Bush, 48, who joined the company in 1987 and currently serves as president and chief operating officer. Sugar is 61 years old, still below Northrop’s [...]
