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July 15, 2009

Aerojet's Advanced Second Stage Demonstration Motor Tested

Air Force Calls The Test "Highly Successful"

Aerojet and the U.S. Air Force conducted a highly successful static test of Aerojet's Advanced Second Stage (A2S) Demonstration motor in support of the U.S. Family of Motors for military and commercial applications.

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Lockheed To Lay Off 600 With Cancellation Of VH-71

Most Cuts At Electronics Plant In Owego, NY

Lockheed Martin says cancellation of the beleaguered VH-71 program will cost the company 600 jobs at its facility in Owego, NY. The original $6.5 billion contract had ballooned to over $13 million, and the program was 6 years behind schedule, partly due to changes in the aircraft's specs.

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President Obama Restates Defense Veto Threat Over F-22

Wants The Senate To Cut $1.75 Billion From The Bill

President Obama is insistent that he will veto the Defense Department Authorization Bill unless Senators remove nearly $2 billion earmarked for the purchase of 7 additional F-22 Raptors. The Lockheed Martin-built plane is the most expensive jet fighter ever built, and represents 25,000 jobs in 44 states.

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