US-led air war a boon for defense contractors
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DefenceTalkThe US-led air campaign in Iraq and Syria is proving a boon to weapons makers, sending their share prices soaring and bolstering political support for higher defense spending. The open-ended air war against the Islamic State group will mean billions in sales for bombs and missiles, spare parts for warplanes and a stronger case for […]https://www.defencetalk.com/us-led-air-war-a-boon-for-defense-contractors-60731/
Blackwater threatened to kill US official in Iraq: report
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DefenceTalkThe top manager in Iraq of the notorious private security firm Blackwater threatened to kill a US State Department investigator for probing the company’s performance, The New York Times reported Monday. The Times, citing an internal State Department memorandum, said the threat came just weeks before Blackwater guards shot and killed 17 civilians on September […]https://www.defencetalk.com/blackwater-threatened-to-kill-us-official-in-iraq-report-59990/
SpaceX sues USAF, citing unfair contractor monopoly
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DefenceTalkElon Musk, the inventor and technology billionaire who recently debuted a rocket that he hopes will travel to Mars, has filed suit against the US Air Force claiming the military currently relies on an unfair billing process that costs taxpayers millions. Musk, the founder and CEO of SpaceX, first announced that he would file suit […]https://www.defencetalk.com/spacex-sues-usaf-citing-unfair-contractor-monopoly-59873/
Financial groups pour billions into cluster bomb trade: NGO
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DefenceTalkInvestment in cluster bomb producers fell this year after a US defence contractor stopped making the weapons, but major financial firms continued to back the trade, an NGO said Thursday. The amount of money invested in the seven companies that still make the indiscriminate weapons tumbled to $24 billion (17 billion euros) from $43 billion, […]https://www.defencetalk.com/financial-groups-pour-billions-into-cluster-bomb-trade-ngo-49927/
US shutdown threatens defense contractors
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DefenceTalkDefense companies warned Friday they are days away from placing thousands of workers on unpaid leave if the US government shutdown drags on and halts arms manufacturing. Failure by Congress to approve a budget for the new fiscal year has dramatically disrupted military contract work because the Pentagon has no money to cover compulsory inspections […]https://www.defencetalk.com/us-shutdown-threatens-defense-contractors-49302/
Where Can A US Contractor Find Future Growth
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DefenceTalkWith the U.S. Government facing significant challenges to the overall budget, tough cuts can be expected to the defense budget – one of the largest areas of discretionary spending. Frost & Sullivan’s latest research looks at the envisioned future defense capabilities and identifies various market opportunities that will appear if those capabilities are fully funded. […]https://www.defencetalk.com/where-can-a-us-contractor-find-future-growth-47362/