Fiscal cliff cuts start with defense but could go deeper
The fiscal cliff is looming larger, and the country actually might endure a series of draconian cuts and tax increases — something that was never supposed to happen. When Congress passed a law in August 2011 requiring $1.2 trillion in across-the-board cuts — half from the Department of Defense — it was supposed to serve [...]
Local business Boecore Inc was awarded a top supplier award from Northrop Grumman’s $10 billion information systems sector. It’s the fourth time Boecore has won the award. Boecore was recognized this week for its technical capabilities, employees and quality. The award is used to recognize the top 25 suppliers from more than 6,000 companies who [...]
Continue reading …Lockheed Martin won a $250 million contract to continue to support the air defense, missile warning and space defense systems at U.S. Northern Command and U.S. Strategic Command. The contract covers three one-year options, and has a total potential value of $250 million. Under the first contract, Lockheed Martin modernized the air defense, missile warning [...]
Continue reading …Colorado Springs attorney Milton “Skip” Smith was elected to the International Institute of Space Law Board of Directors at its annual meeting in Naples, Italy. Smith is one of 15 other space industry leaders and lawyers on the board, and is co-chairman of the Sherman & Howard space law practice group and is on the [...]
Continue reading …The U.S. Air Force Academy’s cyber competition team placed first in 331 undergraduate teams from the United States and Canada in the New York Polytechnic Cyber Security Awareness Week “Capture the Flag” competition held last month. A total of 1,212 teams – including graduate students and industry professionals – competed from around the world. [...]
Continue reading …U.K. defense contractor BAE Systems PLC and European aerospace giant EADS NV said Wednesday they are in talks about combining their businesses. The companies said that under the proposed merger, BAE Systems shareholders would own 40 percent and EADS shareholders 60 percent of the enlarged group. In a statement to the London Stock Exchange confirming [...]
Continue reading …Colorado Springs should prepare for a round of base realignment and closure by 2015, said Brian Binn, president of military affairs for the Greater Colorado Springs Chamber and EDC. The Department of Defense suggested two rounds of BRAC, one to start next year. But that isn’t likely. However, Binn said a round suggested for 2015 [...]
Continue reading …As the tourism industry starts to take stock of the damage from the Waldo Canyon fire, another sector of the Springs economy is bracing for a firestorm of a political nature — sequestration legislation that could cut billions more from aerospace and defense companies. About 45 percent of the Springs’ economy comes from defense contractors [...]
Continue reading …In 1943, an enraged Gen. George S. Patton slapped a battle-fatigued U.S. soldier at a military hospital and accused him of cowardice, an episode that nearly ended Patton’s career. Nearly 70 years later, two filmmakers — one of them Patton’s grandson — are trying to help soldiers cope with what is now called post-traumatic stress [...]
Continue reading …Sierra Nevada Corp. filed a motion for judicial review of the results of an investigation in a lawsuit filed by Hawker Beechcraft Defense Co. against the U.S. Air Force. Because of the suit, the Air Force set aside Sierra’s contract for light air support and asked for a commander-directed investigation into the source-selection process. The [...]
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