Topic: Defense Contracting
Corrected: Defense shares gain on spending boost in U.S. budget
Reuters US Online Report Business News
ATLANTA (Reuters) - Shares of major U.S. defense contractors rose on Monday after the Obama administration unveiled a defense budget for fiscal 2011 that seeks a 3.4 percent increase in the Pentagon's base budget and $159 billion to fund missions in Iraq, Afghanistan and Pakistan. The Standard & ...
Defense chief fires head of troubled office
AP News
Defense chief duns contractor Lockheed Martin and fires head of troubled fighter jet programDefense Secretary Robert Gates is removing at least one senior manager and withholding money from a defense contractor because of continued troubles in the Pentagon's marquee fighter jet program. Gates said the F-35 Joint Strike Fighter ...
AP source: DOJ probing alleged Blackwater payments
AP News
AP source: Justice Dep't investigating whether officials of Blackwater sought to bribe IraqisThe Justice Department is investigating whether security contractor Blackwater Worldwide tried to bribe Iraqi officials to allow the company to keep working there after a fatal shooting involving Blackwater guards, according to a person close to the ...
Charged contractors had checkered military pasts
AP News
Rare look shows ex-Blackwater guards charged in Afghan killings had sketchy military recordsA pair of former Blackwater contractors charged with murdering two people in Afghanistan had checkered pasts with the military before getting hired to work overseas, according to service records disclosed in recent U.S. court hearings. The troubled ...
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