Lower Profits, Little Growth for L-3, CACI
L-3 posts lower profits, and organic growth declines for CACI.
Pentagon Withholds Payment Due to JSF Problems
The Pentagon withholds $46.5 million from Lockheed Martin until deficiencies in the Joint Strike Fighter are fixed.
Somerset County Kills Wind Farm Bill
Commissioners kill the bill after visiting Naval Air Station Patuxent River.
Pax River Boat Drones Shoot Targets
Boats remotely controlled from Pax River test fire armor-piercing missiles.
Low-price Contracting Threatens Incumbents
In an era of low-price, technically acceptable contact requirements, incumbents aren’t always the lowest bidders.
Base Officials Release Statement on EPA Fines
Pax River spokesman says “most of the violations were administrative or procedural in nature.”
Pax River Fined $38,000 for EPA Violations
The Environmental Protection Agency found violations in 11 buildings at Pax River and Webster Field.
Obama States that Military Sequestration Won’t Happen
The Navy says it will begin planning for sequestration cuts as early as next month.
Poseidon Program Already Fighting Tech Obsolescence
Navy allocates $8.5 million to replace the aircraft’s electronic warfare technology.
