US Giants Skimp on Research, Development / Defense Industry As Profits Rose, Investment Lagged

As Profits Rose, Investment Lagged Behind Aug. 19, 2013 – 09:26AM   | By ZACHARY FRYER-BIGGS and MARCUS WEISGERBER   |   C   WASHINGTON — The defense industry enjoyed nearly a decade of explosive growth following the Sept. 11, 2001, attacks, but while revenue and profit went through the roof, investment in company-funded research and development stagnated.…

“Egypt is descending into chaos,” Paul chief of staff Doug Stafford told The Daily Caller News Foundation. “We should not be arming them with advanced weapons”

Rand Paul: No fighter jets, tanks for Egypt Posted By W. James Antle III On 1:20 PM  01/31/2013 @ 1:20 PM In Daily Caller News Foundation,World | No Comments Kentucky Republican Sen. Rand Paul sought Thursday to block the transfer of F-16 fighter jets and Abrams tanks to Egypt. “I think it particularly unwise to…

This might be China’s third J-20 stealth fighter

Posted By John Reed Tuesday, October 23, 2012 – 11:49 AM A quick update on China’s stealth fighter program: Photos newly published on a Chinese Web sites show what might be a third prototype J-20 stealth jet. China has two different types of stealthy-looking fighters: the large J-20 and the smaller J-31. Many speculate that…

After snagging $4.6B contract, Lockheed plans ‘cyber kill chain’ for Global Information Grid

Oct. 22, 2012 – 07:10PM   | By DEBRA WERNER SAN FRANCISCO — The Defense Department’s day-to-day operations are linked in a vast, international in-house data communications network called the Global Information Grid. Seven million people — uniformed members of the armed forces as well as civilians — rely on it to exchange classified and…

Senators Accuse Obama of ‘Bribing’ Defense Firms

Oct. 2, 2012 – 01:59PM   | By JOHN T. BENNETT Republican lawmakers are accusing the Obama administration of “bribing” defense firms in order to avoid massive layoff notices before the election. The White House on Sept. 28 issued guidance stating the Labor Department has determined a possible $500 billion, 10-year reduction to planned defense…

Lockheed: No Sequestration Layoff Notices This Year ; WARN Act is now useless as taxpayers will pay the bill for ALL violations

Oct. 1, 2012 – 05:13PM   | By ZACHARY FRYER-BIGGS  |  1 Comments Lockheed Martin Chairman and CEO Robert Stevens has repeatedly warned that automatic budget cuts effective Jan. 2 would be devastating to the defense industry.   (Lockheed Martin) After months of political wrangling over layoff notices that the world’s largest defense contractor has threatened…

Obama Instructs Defense Contracters to Violate the (WARN) Act and the Federal Gov’t will pay the Legal Bills for their defense

Senators Accuse Obama of ‘Bribing’ Defense Firms Oct. 2, 2012 – 01:59PM   | By JOHN T. BENNETT   | Sen. James Inhofe, R-Okla., is among GOP lawmakers accusing the White House of playing politics in order to get defense firms to back off issuing layoff notices ahead of the November election.   (AFP) Republican lawmakers are…