Aerospace & Defense News - Defense Europe.

New York, Geneva (AirGuideBusiness - Aerospace & Defense News - Defense Europe) Jun 20, 2010

U.K. prepares for major cuts in defense spending. The British government is preparing for substantial defense spending cuts as the country moves to slash its record-high budget deficit. In the first review of the U.K.'s defense capabilities since 1998, lawmakers will strive to shift from strategies left over from the Cold War to new and future threats, and a procurement report last year already stated that the Ministry of Defense would not be able to afford as much as half of the equipment it is seeking to buy in the next decade. Jun 14, 2010

Boeing, AgustaWestland Companies regroup for presidential helicopter bid. Companies are forming a variety of new relationships in the pursuit of a contract to build a U.S. presidential helicopter. Boeing announced last week that it is buying full intellectual property, data and production rights from AgustaWestland for its AW101 aircraft, and Boeing is also partnering with Bell Helicopter for the VXX Presidential Helicopter Program, while Lockheed Martin has teamed with Sikorsky Aircraft Corp. to pitch Sikorsky's S-92. Jun 15, 2010

Lockheed Martin Four months after completing the first vertical landing, the Lockheed Martin F-35B flight test fleet also has surpassed the sound barrier. A 10 June test flight flown by US Marine Corps Lt Col Matt Kelly powered the BF-2 short take-off and vertical landing (STOVL) variant to Mach 1.07 at 30,000ft (9,150m). The flight test demonstrates a key upgrade for the F-35BOs two customers [ETH] the USMC and the UK Royal Air Force/Royal...

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