UK agency moves to prosecute BAE Systems for alleged illegal payments on contractsOctober 1st, 2009 UK prosecutor move on BAE Systems over paymentsLONDON — Britain's Serious Fraud Office says it intends to prosecute BAE Systems PLC, the world's second-largest defense contractor, on charges of corruption in dealings on foreign contracts. The prosecutor said Thursday that it will seek permission from Attorney General Patricia Scotland to pursue the case.
British anti-fraud prosecutors to pursue case against BAE SystemsOctober 1st, 2009 UK prosecutors move on BAE Systems over paymentsLONDON — British anti-fraud prosecutors intend to pursue a case against BAE Systems PLC, the world's No. 2 defense contractor, on charges of corruption in dealings on foreign contracts worth hundreds of millions of pounds.
Raytheon wins $26.9 million award to provide technical aid to Taiwan's missile defense systemSeptember 1st, 2009 Raytheon to provide technical assistance to TaiwanTEWKSBURY, Mass. — Defense contractor Raytheon Co.
Lockheed Martin sets up new missile defense systems operating unitAugust 25th, 2009 Lockheed Martins starts missile defense unitHUNTSVILLE, Ala. — Lockheed Martin Space Systems Co., a division of defense contractor Lockheed Martin Corp., said Tuesday that it has established a new missile defense systems operating unit based in Huntsville, Ala.
Lockheed Martin to cut jobs at space systems unit, primarily in Denver and Sunnyvale, Calif.August 17th, 2009 Lockheed Martin to cut 800 jobs in space systemsDENVER — Lockheed Martin says it will eliminate 800 jobs across its space systems division, largely in two facilities in Colorado and California. The reductions represent about 4.5 percent of the overall workforce.
Army partially terminates Boeing's manned ground vehicle program on Secretary Gates' directiveJuly 21st, 2009 Army stops work on Boeing's manned ground vehiclesWASHINGTON — The U.S. Army has formally canceled part of Boeing Co.'s manned ground systems contract, under which the defense contractor was expected to build combat vehicles better suited for fighting insurgents in places like Afghanistan.
Government-owned company closing operations at 14 US prison factories, downsizing 4 othersJuly 16th, 2009 Some operations at 14 US prison factories closingDENVER — The government-owned company that employs federal prison inmates is closing some factory operations at 14 prisons and downsizing operations at four more amid multimillion-dollar losses, according to a copy of a memo provided by a prison union official. Federal Prison Industries Inc., or UNICOR, has lost $20 million year to date and has lost money the last seven months, according to the memo Wednesday from Paul Laird of the Bureau of Prisons.
Boeing cuts 1,000 jobs in defence branchJuly 15th, 2009 WASHINGTON/CHICAGO - Boeing's Integrated Defence Systems said Wednesday it is cutting 1,000 jobs to accommodate the drop in demand in the federal defence budget. The lost jobs represent about 1.5 percent of the 70,000 employees in the defence branch.
Boeing internal memo shows company will cut about 1,000 defense jobs because of Pentagon cutsJuly 15th, 2009 Boeing memo shows plans to cut 1,000 defense jobsSEATTLE — The head of Boeing Co.'s Integrated Defense Systems has told employees that the defense division will have to cut about 1,000 jobs because of Pentagon budget reductions. In an internal memo Monday, Boeing's Jim Albaugh says the job reductions are needed to keep the company competitive.
Internal memo: Boeing Co. to cut about 1,000 defense jobsJuly 15th, 2009 Memo: Boeing to cut about 1,000 defense jobsSEATTLE — The head of Boeing's Integrated Defense Systems division has told employees it will have to eliminate about 1,000 jobs because of Pentagon budget cuts. In an internal memo Monday, Boeing's Jim Albaugh says the job reductions are needed "to keep ourselves competitive."
Boeing Co.
Ex-defense contractor with ties to Pa. Congressman Murtha expected in Fla. courtJuly 14th, 2009 Ex-defense contractor with ties to Murtha in courtPENSACOLA, Fla. — The former chief executive officer of a defense contractor with ties to U.S.
Hershey's closing its online gift service, cutting 12 jobsJuly 2nd, 2009 Hershey's closing its online gift serviceHERSHEY, Pa. — People who like to order chocolate and gifts from Hershey's online service won't be able to after this month.
BAE Systems says it's on track for growth despite drop in land-vehicle salesMay 8th, 2009 BAE Systems says it's on track for growthLONDON — BAE Systems PLC, Europe's largest defense contractor, said Wednesday it is on track for solid growth this year despite a drop in sales of land vehicles. In a management update for the year to May 5, the company said it would not be affected by adjustments in U.S.
Pentagon to add 20,000 new jobs to reform troubled weapons-buying processMay 8th, 2009 Pentagon to add 20,000 jobs for contracting reformWASHINGTON — Under pressure to reform its troubled weapons-buying process, the Pentagon is planning to add 20,000 new federal jobs over five years to beef up its ability to handle contracts, cost estimates and oversight, the deputy defense secretary said Wednesday. William Lynn told the Senate Armed Services Committee that as the department increases personnel, it also will move toward more fixed-price contracts, scrutinize programs more closely and link incentive payments to contractor's performance.
BAE Systems closing 3 UK factories, cutting 500 jobsApril 30th, 2009 BAE Systems closing 3 UK factoriesLONDON — Defense contractor BAE Systems says it will close three factories in Britain with the loss of 500 jobs. The affected plants are in the English cities of Telford, Leeds and Guildford.
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