Aerospace & Defence News.

Position:Company overview

Sep 3, 2007

India a top market for defense contractors. Military analysts expect India to spend $40 billion over the next five years on weapons procurement, making it one of the largest military markets in the world. For American contractors, success in India hinges in part on the warmth of political relations and also on building partnerships with local companies. The Russians, who have traditionally supplied India's military hardware, will be formidable competition. Aug 31, 2007

Army to review 18,000 contracts for fraud and abuse. The Army will examine up to 18,000 contracts awarded over the past four years to support U.S. forces in Iraq. Officials are looking for evidence of waste, fraud and abuse, according to Army Secretary Pete Geren. The contracts are worth close to $3 billion and include every transaction from 2003 to 2007 by a contracting office in Kuwait. Aug 30, 2007

Congressman warns against five-year NASA hiatus from manned flight. The gap between the retirement of the space shuttle program in 2010 and the anticipated rollout of the Orion program five years later should be narrowed, according to Rep. Dave Weldon, R-Fla. The congressman says the effect of the hiatus on foreign policy should be considered. "Do we, the richest country on the face of the Earth, want to be dependent on Russia to launch our men and women into space?" he said. "To me, it's not a good scenario." Aug 30, 2007

India likely to take years to finalize fighter contract. India's planned purchase of 126 fighter jets may involve years of bureaucratic delays, analysts say. "India has a distinction of taking an unusually long time for large defense purchases," said Uday Bhaskar, the former director of the New Delhi-based Institute of Defense and Strategic Analysis. The Indian Defense Ministry has invited six aircraft manufacturers to bid on a combat plane contract worth up to $10.2 billion. Aug 30, 2007

Satellite system could alleviate gridlock in the air. Many of the air delays passengers are grumbling about could be alleviated with a system-wide upgrade to satellite-based air traffic control. "We're operating old, 1960s' technology, and you can't just keep patching it up," says FAA Administrator Marion Blakey. "You're going to have to make a total switch in the system." The cost of the switch is an estimated $20 billion. Aug 29, 2007

Reaper will be deployed in Afghanistan, Iraq. The Air Force this fall will deploy the Reaper unmanned aerial vehicle, an upgraded...

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