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Tony Capaccio

Secretary of Defense Chuck Hagel answers questions on Syria during a joint news conference with the United Kingdom's Secretary of State for Defence Phillip Hammond, at the Pentagon in Washington, Thursday, May 2, 2013. (AP Photo/J. Scott Applewhite)

Military civilian furloughs still uncertain

Last updated Friday, May 3, 2013 - 4:56pm

WASHINGTON — Defense Secretary Chuck Hagel says he’s still reviewing options that may avert furloughs more than three months after the Pentagon said automatic budget cuts may require unpaid leave for as many as 750,000 civilian workers.

Business, Budget cuts, Furloughs, Military Read more Comments

Portsmouth Naval Shipyard workers from Maine and New Hampshire rally to call on Congress to cancel automatic budget cuts that will affect their pay in Portsmouth, N.H.Thursday March 21, 2013. (AP Photo/Jim Cole)

House budget plan protects some Defense projects

Tony Capaccio Bloomberg News

Last updated Thursday, March 21, 2013 - 2:59pm

WASHINGTON — House-passed legislation that would ease the effects of automatic budget cuts on troop training and operations also would bolster funds for Israel’s missile defenses and weapons made by General Dynamics Corp. and Lockheed Martin Corp.

Business, Budget cuts, Congress, Department of Defense, National Read more Comments

Lockheed's F-35 falls short in tests

Tony Capaccio Bloomberg News

Last updated Monday, January 14, 2013 - 5:44pm

WASHINGTON — Lockheed Martin Corp.’s F-35 fell short of meeting testing goals last year even as the fighter jet made 18 percent more flights than planned, according to the Pentagon’s testing office.

Business, F-35 Jets, Lockheed Martin, U.S. Air Force Read more Comments

Pentagon withholds $47M from Lockheed for F-35 failings

Tony Capaccio Bloomberg News

Last updated Friday, October 26, 2012 - 11:51am

WASHINGTON - The Pentagon is withholding $46.5 million from Lockheed Martin, its biggest contractor, because of continued flaws with a business system used to track costs and schedules for the F-35 fighter.

Business, F-35 Jets, Lockheed Martin, U.S. Air Force Read more Comments