International Business News - NOC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Growing costs and vulnerability to anti-ship missiles sank the Navy's once-heralded "stealth destroyer," a highly advanced warship designed to slip close to the shore unnoticed and pummel targets with big guns boasting pinpoint accuracy. http://www.ibtimes.com/articles/20080723/cost-big-factor-in-decision-to-sack-navy-warship.htm Wed, 23 Jul 2008 17:19:07 EDT Auditors at a Pentagon oversight agency forced changes to unfavorable reports on contracts with some of the nation's largest defense firms, hid contractor over-billing and attempted to hinder an investigation into the alleged problems, according to a new report. http://www.ibtimes.com/articles/20080723/gao-says-auditors-pressured-on-pentagon-contracts.htm Wed, 23 Jul 2008 15:52:23 EDT Jet engine maker Pratt & Whitney is seeking voluntary retirement buyouts for an unspecified number of workers as it cuts its work force to adapt to troubles in the airline industry. http://www.ibtimes.com/articles/20080723/union-pratt-whitney-seeks-buyouts.htm Wed, 23 Jul 2008 16:25:49 EDT Northrop Grumman says it is among eight companies awarded a contract worth up to $10.12 billion to support weapons systems at U.S. military installations in the United States and abroad. http://www.ibtimes.com/articles/20080723/northrop-grumman-among-cos-awarded-10b-contract.htm Wed, 23 Jul 2008 12:35:19 EDT The nominee to lead the Air Force said Tuesday a recent report detailing numerous problems with a $35 billion tanker contract was "troubling," and he is planning reviews of the service's process of awarding contracts. http://www.ibtimes.com/articles/20080722/air-force-nominee-changes-needed-in-contracting.htm Tue, 22 Jul 2008 14:08:17 EDT Nominees for the Air Force's top two jobs will take center stage at a Senate confirmation hearing Tuesday as defense firms and investors look for clues on how the Pentagon changes could affect some big defense programs. http://www.ibtimes.com/articles/20080722/ahead-of-the-bell-air-force-hearing.htm Tue, 22 Jul 2008 06:19:25 EDT The Turkish Air Force will buy a navigation system produced by Northrop Grumman Corp. for use in its C-130 aircraft, the defense contractor said Monday. http://www.ibtimes.com/articles/20080721/turkish-air-force-buys-northrop-navigation-system.htm Mon, 21 Jul 2008 11:27:52 EDT Defense contractor Northrop Grumman Corp. said Monday that the U.S. Navy chose it for a one-year contract worth up to $218 million to develop a system that provides instant information about activity during combat operations. http://www.ibtimes.com/articles/20080721/northrop-grumman-gets-218m-navy-system-contract.htm Mon, 21 Jul 2008 11:25:07 EDT Northrop Grumman Corp. on Friday received a $5.6 million contract boost from the Air Force to provide communications upgrades for the Global Hawk unmanned aerial system, the Pentagon said late Friday. http://www.ibtimes.com/articles/20080718/northrop-grumman-gets-5-6m-air-force-deal.htm Fri, 18 Jul 2008 17:22:50 EDT Three defense contractors said Wednesday that they plan to make a multi-purpose missile that can be used for the new stealth fighters and unmanned planes that are expected to be a staple of U.S. air power in the next several decades. http://www.ibtimes.com/articles/20080716/multi-purpose-missile-planned-for-fighter-jets.htm Wed, 16 Jul 2008 11:11:50 EDT Defense contractor Northrop Grumman Corp. said Wednesday it received a $93 million contract from the U.K. Royal Air Force to provide a laser-based infrared system for the service's air-to-air refueling and transport aircraft. http://www.ibtimes.com/articles/20080716/northrop-grumman-gets-93-million-uk-contract.htm Wed, 16 Jul 2008 10:50:44 EDT Eight defense contractors including Northrop Grumman Corp. and L-3 Communications Holdings Inc. received a bundled $10.1 billion contract from the Air Force, the Pentagon said late Monday. http://www.ibtimes.com/articles/20080714/defense-firms-get-bundled-10-1b-air-force-deal.htm Mon, 14 Jul 2008 18:58:10 EDT John Lockard, chief operating officer of Boeing Co.'s defense unit, said Monday he is looking forward to addressing the revised bid request for a $35 billion tanker contract, calling the U.S. Air Force's intention to pick a winner by the end of the year "a sporty schedule." http://www.ibtimes.com/articles/20080714/boeing-optimistic-about-its-tanker-bid.htm Mon, 14 Jul 2008 11:38:34 EDT Goodrich Corp. said Monday it received a contract potentially worth $20 million or more from Northrop Grumman Corp. to build weapons bay door systems for all models of its F-35 Lighting II aircraft. http://www.ibtimes.com/articles/20080714/goodrich-gets-20-million-northrop-grumman-deal.htm Mon, 14 Jul 2008 08:32:55 EDT Lockheed Martin Corp.'s chairman Robert J. Stevens on Sunday urged European regulators to further promote transparency and competition, warning that the idea that protectionism would strengthen markets is misguided. http://www.ibtimes.com/articles/20080713/lockheed-martin-urges-transparency.htm Sun, 13 Jul 2008 18:02:47 EDT The chief executive of EADS said he is confident his company and U.S. partner Northrop Grumman Corp. will win a disputed $35 billion Pentagon Air Force tanker contract when the bidding process reopens. http://www.ibtimes.com/data/articleimgs/90515-northrop-eads-air-force-tanker.jpg http://www.ibtimes.com/articles/20080713/eads-ceo-confident-of-winning-us-tanker-contract.htm http://www.ibtimes.com/articles/20080713/eads-ceo-confident-of-winning-us-tanker-contract.htm Sun, 13 Jul 2008 07:55:34 EDT Three Americans freed after being held more than five years by rebels in Colombia gave thanks Saturday and urged people to not forget other hostages who were left behind. http://www.ibtimes.com/data/articleimgs/90418-us-colombia-hostages.jpg http://www.ibtimes.com/articles/20080713/rescued-colombia-hostages-head-home-to-florida.htm http://www.ibtimes.com/articles/20080713/rescued-colombia-hostages-head-home-to-florida.htm Sun, 13 Jul 2008 00:44:51 EDT Three Americans freed after being held more than five years by rebels in Colombia gave thanks Saturday and urged people to not forget other hostages who were left behind. http://www.ibtimes.com/articles/20080712/rescued-hostages-head-for-florida.htm Sat, 12 Jul 2008 13:44:27 EDT The government breathed a sigh of relief in February when the Pentagon used a sea-based missile defense system to shoot down a dying spy satellite loaded with a tank of toxic fuel hurtling around the globe at 17,000 miles an hour. http://www.ibtimes.com/articles/20080711/fight-over-missile-defense-rages-on-25-years-later.htm Fri, 11 Jul 2008 15:10:12 EDT A division of defense contractor Northrop Grumman Corp. received a $324.6 million contract boost from the Air Force to provide additional unmanned aerial vehicles, the Pentagon said late Thursday. http://www.ibtimes.com/articles/20080711/northrop-grumman-gets-324-6m-air-force-deal.htm Fri, 11 Jul 2008 10:18:16 EDT