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Defense Systems News

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Lockheed Martin's JLTV passes 100K miles

Lockheed Martin's JLTV Tops 100,000 Testing Miles During EMD Phase

Would Jeb Bush's Defense Policy Look More Like His Father's or Brother's?

North Dakota to begin drone tests for agricultural research

Boeing, Bombardier and Gulfstream attend JSTARS industry day

Russia Orders New MiG-29 Fighters To Increase Strike Capability

Lockheed Preparing For F-35 U.K. Deployment

U.S. Likely To Lift Commercial Sat Imagery Resolution Restrictions

Indian AF Pushes for AWACS Competition

US military aviation programmes face $14.2B hit in long-term budget

Guard Apaches Less Ready, Must Move To Active Army: DepSecDef Fox

Denmark Kicks Off Fighter Contest

Unit Costs Surge for MQ-8 Fire Scout Drone

India Wants Domestic Production of Pilatus Trainers

  

Defense Industry News & Performance

Lockheed Martin says 13% operating margins will be difficult to maintain

UTC Reports First Quarter 2014 Result (EPS misses by $0.04, misses on revenue)

Hot hand in cybersecurity could lift Raytheon shares another 30%

   

Defense Budget Insights

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Bloomberg Government analysts, in partnership with the Aerospace Industries Association (AIA), held a webinar on 19 March to examine how the defense industry will be affected by the White House’s release of the 2015 budget request.  Watch a replay here, but if you can't, here's their executive summary:

-- The FY15 Defense Budget Request of approximately $496 billion is consistent with the budget caps in the Budget Control Act, but the outyears are not.

-- Supplementing the request, but not really, is a $26 billion carrot -- the Opportunity, Growth and Security (OGS) fund, which, if Congress provides the money, will backfill depleted readiness accounts and procure a range of systems that didn't make the BCA-compliant budget request, including: eight P-8A aircraft, twenty-six AH-63E Apache helicopters, twenty-eight UH-60 Black Hawks, two CH-47 Chinooks, ten C-130J transports, two F-35A fighters, and twelve MQ-9 Reapers.

-- There has been no OCO (war supplemental) request made to date.

-- DoD as asked for $2.5 billion less in IT funding than was enacted in FY14.

-- R&D accounts have shifted to upgrading operational systems.

-- The Military Services are taking divergent approaches in their budget priorities, with the Air Force focused on hardware in the future, the Army focused on personnel in the present, and the Navy/Marine Corps somewhere in between.

 

Defense Personnel News

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Brigadier General Carl E. Mundy, III

Secretary of Defense Chuck Hagel announced on 28 February 2014 that the president made the following nominations:
  • Marine Corps Brig. Gen. Brian D. Beaudreault has been nominated for appointment to the rank of major general.  Beaudreault is currently serving as the deputy director for joint training, J-7, Joint Staff, Washington, D.C. 
  • Marine Corps Brig. Gen. Vincent A. Coglianese has been nominated for appointment to the rank of major general.  Coglianese is currently serving as the commanding general, 1st Marine Logistics Group, Camp Pendleton, Calif. 
  • Marine Corps Brig. Gen. James W. Lukeman has been nominated for appointment to the rank of major general.  Lukeman is currently serving as the commanding general, 2nd Marine Division, Camp Lejeune, N.C.   
  • Marine Corps Brig. Gen. Carl E. Mundy III has been nominated for appointment to the rank of major general.  Mundy is currently serving as the deputy commanding general, I Marine Expeditionary Force; and commanding general, 1st Marine Expeditionary Brigade, Camp Pendleton, Calif.  
  • Marine Corps Brig. Gen. Daniel J. O'Donohue has been nominated for appointment to the rank of major general.  O'Donohue is currently serving as the deputy chief of staff, operations, International Security Assistance Force Joint Command, International Security Assistance Force, Afghanistan.           
  • Marine Corps Brig. Gen. Richard L. Simcock II has been nominated for appointment to the rank of major general.  Simcock is currently serving as the deputy commander, U.S. Marine Corps Forces-Pacific, Camp Smith, Hawaii.  
  • Marine Corps Brig. Gen. Gary L. Thomas has been nominated for appointment to the rank of major general.  Thomas is currently serving as the deputy director for force management, application and support, Joint Staff, J-8, Washington, DC.