Defense Industry
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Chairman of the House Oversight and Government Reform Committee Darrel Issa (R-Calif.), wrote to the heads of 10 defense companies seeking information about the legal justification for not issuing notices of potential layoffs due to the across-the-board defense cuts set to go into effect Jan. 2. If contractors don't issue the notices and contracts are, in fact, terminated or modified, then agencies will pick up the contract-termination and employee compensation costs, the Office of Management and Budget stated in guidance issued late last month. But Republican lawmakers have argued the White House doesn't have the legal authority to ask companies to not comply with the law.
October 12, 2012 -
Former astronaut and Lockheed executive Rick Hieb describes the logistics involved in supporting missions in Antarctica. And a former State Department official the security situation at the consulate in Libya.
October 04, 2012 -
A massive contract awarded to Lockheed Martin in June to manage the Defense Information Systems Agency's Global Information Grid remains in place after the Government Accountability Office denied a bid protest from fellow contractor SAIC. Despite SAIC's allegations, GAO found DISA had reasonably evaluated Lockheed's proposal as well as claims of an organization conflict of interest.
October 02, 2012 -
Lockheed Martin will not issue layoff notices — known as Worker Adjustment and Retraining Notification (WARN) notices — if the automatic, across-the-board cuts known as sequestration take effect Jan. 2.
October 02, 2012 -
BAE said it also planned to circle the wagons around its cybersecurity arm handling sensitive government information.
September 17, 2012 -
Defense industry executives criticize the impending sequestration, which they say would lead to the loss of more than 1 million defense-related jobs.
September 11, 2012 -
Three individuals parties were implicated in a bribery/kickback scheme involving Boeing military aircraft parts.
September 07, 2012 -
Paragon Dynamics is paying more than $1 million to settle claims that it stole a competitor's bid information.
September 06, 2012 -
The Defense Department named AM General, which makes the Humvee, plus Lockheed Martin and Oshkosh Corporation. The three will build competing prototypes.
August 24, 2012 -
NASA picked three aerospace companies Friday to build small rocketships to take astronauts to the International Space Station, as part of the third phase of NASA's efforts to get private space companies to take over for the space shuttle.
August 03, 2012 -
With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.
July 31, 2012 -
Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.
July 30, 2012 -
A slate of defense industry executives lined up to testify before the House Armed Services Committee Wednesday, telling lawmakers that the automatic budget cuts known as sequestration would be devastating to their businesses and could lead to mass layoffs. The lack of action by Congress, so far, to avert the cuts has led to a "fog of uncertainty" even now, five months away from when sequestration would take effect, the CEO of Lockheed Martin testified.
July 18, 2012 -
The Army has awarded a contract for cyber maneuvering technology so that network administrators can stay a few steps ahead of hackers.
July 18, 2012 -
Lockheed Martin, one of the world's largest defense contractors, has announced a 5 percent workforce reduction at its Mission Systems and Sensors (MS2)business area. The company said it notified 308 of its U.S.-based employees Tuesday "that they will no longer have employment with the company," according to a release.
July 10, 2012
