Andrea Shalal-Esa
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BP reaches deal with plaintiffs over Gulf of Mexico spill
Mar 02, 2012 23:01 EST
NEW YORK (Reuters) - BP PLC has reached a $7.8 billion agreement with plaintiffs suing over the massive 2010 Gulf of Mexico oil spill, according to a court order on Friday, but the company still faces claims by the U.S. government and drilling partners.
BP reaches $7.8 billion deal over Gulf of Mexico spill
Mar 02, 2012 23:01 EST
NEW YORK (Reuters) - BP Plc has reached an estimated $7.8 billion deal with businesses suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the U.S. government, Gulf states and drilling partners.
Support cited for F-35 fighter after joint meeting
Mar 02, 2012 15:53 EST
WASHINGTON (Reuters) - The United States and eight other countries helping to develop the new F-35 Joint Strike Fighter underscored their full and continued support for the program, according to two sources who attended a gathering hosted by Canada.
Japan says may cancel Lockheed F-35 if price rises
Feb 29, 2012 19:13 EST
TOKYO (Reuters) - Japan may cancel orders for Lockheed Martin Corp's F-35 fighter jets if the price rises or deliveries are delayed, Defense Minister Naoki Tanaka said on Wednesday, casting doubt on Tokyo's choice of next-generation combat aircraft.
Shanksville 9/11 remains not dealt with by Dover: general
Feb 29, 2012 18:59 EST
WASHINGTON (Reuters) - Unidentified remains from the September 11, 2001, crash site in Shanksville, Pennsylvania, do not appear to have been handled by the military's main mortuary, as suggested in an independent report, the top U.S. Air Force general said on Wednesday.
U.S. docking Lockheed for F-35 cost-tracking flaws
Feb 28, 2012 19:41 EST
WASHINGTON (Reuters) - The Pentagon on Tuesday told Lockheed Martin Corp, the No. 1 U.S. defense contractor, that it would withhold about $1 million a month in billings on the latest F-35 fighter contract until the company fixes a complex system that tracks the program's cost.
Lifetime cost to run F-35 fighter: about $1 trillion
Feb 26, 2012 16:35 EST
WASHINGTON (Reuters) - The Pentagon estimates that it will still cost about $1 trillion to operate a fleet of 2,443 F-35 fighter jets over the next 50 years, but is continuing to analyze how to drive that staggering sum down, a top U.S. Marine Corps official told Reuters.
U.S. eyes V-22 aircraft sales to Israel, Canada, UAE
Feb 26, 2012 14:32 EST
EGLIN AIR FORCE BASE, Florida (Reuters) - The U.S. government is eyeing Israel, Canada and the United Arab Emirates as possible initial foreign buyers of the V-22 Osprey, a tilt-rotor aircraft built by Boeing Co <BA.N> and Bell Helicopter, a top U.S. Marine Corps official told Reuters.
Lockheed again misses Pentagon's F-35 fighter goals
Feb 21, 2012 23:25 EST
WASHINGTON (Reuters) - Lockheed Martin Corp lost $31.5 million in award fees for its new F-35 fighter jet in 2011, the second consecutive year it did not meet Pentagon development goals for the aircraft, which is now facing a third restructuring.
Pentagon weighs Boeing fate on satellite terminals
Feb 17, 2012 18:43 EST
WASHINGTON (Reuters) - The U.S. Air Force said it will continue looking for an alternate supplier for next-generation satellite terminals even as it weighs a last-ditch bid by Boeing Co to stave off termination of its troubled, multibillion-dollar program.
U.S. eyes growing global cooperation on satellites
Feb 15, 2012 17:38 EST
WASHINGTON (Reuters) - The United States, in a review of future satellite needs, is examining opportunities to increase international collaboration and orders from commercial providers, a senior U.S. Air Force official said on Wednesday.
Pentagon, Lockheed see price of F-35 going up
Feb 14, 2012 16:03 EST
OSLO/WASHINGTON (Reuters) - Delays in U.S. and international orders for Lockheed Martin Corp's new F-35 fighter jet will increase its total cost, Lockheed and U.S. officials said on Tuesday, as Italy announced a cut in spending on the warplane.
U.S. sees "manageable risk" in F-35 restructuring
Feb 13, 2012 15:24 EST
WASHINGTON (Reuters) - The Pentagon on Monday confirmed plans to postpone production of 179 F-35 Joint Strike Fighters built by Lockheed Martin Corp over the next five years to save $15.1 billion, but it said the risk was "manageable."
U.S. sees 'manageable risk' in F-35 restructuring
Feb 13, 2012 15:17 EST
WASHINGTON (Reuters) - The Pentagon on Monday confirmed plans to postpone production of 179 F-35 Joint Strike Fighters built by Lockheed Martin Corp over the next five years to save $15.1 billion, but it said the risk was "manageable."
Lawmaker calls Pentagon budget irresponsible
Feb 13, 2012 14:15 EST
WASHINGTON (Reuters) - Representative Buck McKeon, who heads the House Armed Services Committee, on Monday blasted the Pentagon's proposed defense budget for fiscal 2013, saying it "irresponsibly ignores" additional mandatory cuts that are due to take effect in January 2013.
Pentagon plan reduces proposed buy of Boeing P-8As
Feb 13, 2012 13:15 EST
WASHINGTON (Reuters) - The U.S. Navy would save $5.2 billion through fiscal 2017 by buying 10 fewer Boeing Co P-8A Poseidon maritime surveillance planes under the Pentagon's proposed budget for fiscal 2013, according to Pentagon budget documents.
Obama proposes defense cut after decade of growth
Feb 13, 2012 11:31 EST
WASHINGTON (Reuters) - The 2013 U.S. defense budget that President Barack Obama sent to Congress on Monday includes funding for a shift in strategic focus to the Asia-Pacific even as it slashes spending on weapons and personnel to reduce costs by $487 billion over the next decade.
U.S. Air Force chief wants affordable new bomber
Feb 09, 2012 20:47 EST
WASHINGTON (Reuters) - Affordability will be a deciding factor in the U.S. Air Force's drive to develop a new long-range bomber, the top general in the service said on Thursday, underscoring that he was not looking for an "extravagant" design.
Pentagon suspends flights of 15 F-35 fighter jets
Jan 30, 2012 16:16 EST
WASHINGTON (Reuters) - The Pentagon's F-35 program office said on Monday it was suspending high speed ground and flight operations of 15 Lockheed Martin Corp F-35 fighter jets after discovering improperly packed parachutes under the pilot's ejection seat.
Exclusive: Parachute issue grounds some Lockheed F-35 jets
Jan 30, 2012 14:08 EST
WASHINGTON (Reuters) - The Pentagon grounded six Lockheed Martin Corp F-35 fighter jets at a California air base due to a problem with the parachutes packed under the pilot's ejection seat, two sources familiar with the issue told Reuters.
