Pentagon Announces China Agrees to Return Seized Drone, Ending Standoff

China Agrees to Return Seized Drone, Ending Standoff, Pentagon Says

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Pentagon Uses War Fund as Sluch Fund!

Pentagon got the highest fund ever in the history. Its fund is intended to purchase F-35 . It will be utilized for the ongoing combat operations. The cost related with these enduring requirements is in the range of $30 billion annually.

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Lockheed Martin Will Lay Off 1,000 Workers in Aeronautics Division

The defense contractor will cut workers from its aircraft division, Lockheed Martin Aeronautics Company. The company announced on Tuesday to offer voluntary lay off to its employees.

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Alphabet's Eric Schmidt Recruited by the Pentagon to Lead a Special Defense Board

Alphabet Executive Chairman Eric Schmidt has been appointed by the Pentagon to lead a special defense board. He will personally advise the agency on emerging tech brought familiar to him in Silicon Valley. Pentagon is reaching out to Silicon Valley as well as hackers to help improve the bureaucracy’s digital security.

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US Sale of F-16 Fighter Jets to Pakistan Upsets India

U.S. sold Pakistan eight F-16 fighter jets that deeply disappoints India. It was told that Pakistan will use these jets to counter terrorism and defend their country but India doesn't believe so and thinks that it will be used against them instead.

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Pentagon to boost spending in defense mechanism

The Pentagon on Tuesday unveiled its plan to boost spending in defense mechanism in 2017, aiming to increase its military capability to back its European NATO allies. The US Defense Department requested a budget seeking 7.5 billion US dollar for operations in Syria and Iraq for the year 2017.

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Boeing 747-8 Jumbo jet, the new Presidential aircraft

The U.S. Air Force said Boeing would build the planes to replace the two outdated model of Boeing VC-25 airplanes used by the U.S President. Boeing was the sole bidder, and the initial $25.8 million contract to reduce risk and lower the cost of the program by looking at the tradeoff between the requirements and design of the new plane.

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Air Force to double drone squadrons in US, abroad

The Air Force announced Thursday that it plans to more than double its drone squadrons and spread them in and out of the United States. According to the Washington Times, this will add 3,000 more personnel, 700 pilots, and 700 sensor operators. Langley Air Force Base U.S. Air Combat Command head Gen. Herbert Carlisle said adding squadrons in Langley and Davis-Monthan Air Force Base in Arizona could help in the intelligence-gathering tasks.

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Pentagon awards Lockheed $969 million contract to build 17 C-130J aircraft

Lockheed Martin Corp got the $969 million deal from Pentagon to build 17 C-130 J military transport planes. Pentagon announced awarding the contract to Lockheed on Tuesday. The work is expected to be finished by April 2020, according to the Department of Defense.

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Boeing KC-46A first flight is on Sept.25 according to U.S. Air Force

On September 25, the U.S. Air Force's new KC-46A will start to take off and have its first flight. The aircraft is an aerial refueling tanker made by Boeing Co. The flight was announced Tuesday by Brig. Gen. Duke Richards during the Air & Space Conference near Washington, DC. The development for the eventual successor to the KC-135 and KC-10 was originally planned for the spring as reported by Defense Tech.

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Aerojet Rocketdyne Offers United Launch Alliance $2 Billion

Aerojet Rocketdyne Holdings Inc reportedly made a $2 billion offer to United Launch Alliance, the prime spacecraft launch service provider of Pentagon jointly owned by Boeing Co. and Lockheed Martin Corp.

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Pentagon taps Boeing, Apple, Harvard to develop wearable tech for soldiers

US Defense Secretary Ash Carter on August 8 gave $75 million to FlexTech Alliance, a consortium of giant tech and research firms, to develop an electronic device small enough for soldiers to carry.

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Oshkosh wins $6.75B defense contract to build Humvee replacement

The Pentagon has decided to dispose of its ancient Humvees with a new fleet of trucks for combat. They tested out prototypes from AM General LLC, Lockheed Martin Corp and Oshkosh Corp in January.

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Warren Buffett denies that Berkshire Hathaway 'too big to fail'

Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight.

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China defense budget rise to defy slowing economy

China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets.

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