June 15, 1992

June 15, 1992

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HEADLINE NEWS

House Defense Spending Bill Cuts Funding for Overseas Deployments

By JOHN D MORROCCO/WASHINGTON

HEADLINE NEWS

Russia May Allow Weapon Makers To Export Products Independently

HEADLINE NEWS

Soviet Defense Crumbling, U. S. Intelligence Says

By PAUL MANN/WASHINGTON

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HEADLINE NEWS

House Defense Spending Bill Cuts Funding for Overseas Deployments

The House has passed a $271-billion Fiscal 1993 defense authorization bill that would leave intact most of the Pentagon’s major weapon programs but force the Administration to accelerate the withdrawal of U. S. troops from overseas. The bill, which passed by a narrow margin of 198-168, provides $10 billion less than the Administration requested.

By JOHN D MORROCCO/WASHINGTON

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HEADLINE NEWS

Russia May Allow Weapon Makers To Export Products Independently

Moscow The Russian government, under pressure from the nation’s defense industry, is considering a measure that would allow enterprises to independently market their military hardware abroad. The Supreme Council of the Russian Federation issued a draft directive on June 4 that would permit the Dementiev Moscow Aircraft Production Enterprise to market its MiG-29s.
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HEADLINE NEWS

Soviet Defense Crumbling, U. S. Intelligence Says

New U. S. intelligence reports say the military-industrial complex of the former Soviet Union is now pitched headlong into decline, with plummeting budgets and a nosedive in arms exports eating away at its core. Defense spending is at its lowest level in two decades and sinking fast.

By PAUL MANN/WASHINGTON

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HEADLINE NEWS

DAB Approves Development Of Joint Stand-Off Weapon

The related JDAM would be produced in numbers equal to 30-50% of Mk. 82s and 84s in the Pentagon's inventory

By DAVID A. FULGHUM/WASHINGTON

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HEADLINE NEWS

Bell Boeing Proposes Cuts in V-22 Tests To Save $75 Million

Bell and Boeing, V-22 tilt-rotor teammates, have proposed eliminating many of the originally planned demonstration and test phases of the aircraft’s fullscale development schedule to save up to $75 million in development costs. If the $790 million in funds currently impounded by the Defense Dept, is released, then the testing now planned for the four existing prototype aircraft could be performed instead with a new group of productionized V-22s.

By FT. WORTH

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HEADLINE NEWS

U. S./German Satellite To Explore High-Energy Particles

Sampex, a U. S./German spacecraft set for launch this week, will inaugurate flights in a NASA program to speed science missions and cut costs—an effort the U. S. space agency is preparing to expand. Sampex is designed to gather unprecedented detail about high-energy particles, including one type so baffling to scientists that they initially called them simply, “weird cosmic rays.”

By JAMES ASKER/WASHINGTON

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HEADLINE NEWS

Marshall Awarded Pegasus Contract

LONDON Orbital Sciences Corp. has awarded Marshall of Cambridge (Engineering), Ltd., a contract to convert a Lockheed L1011-100 TriStar aircraft for the carriage and launch of the Pegasus space booster. The Pegasus winged rocket, which is designed to launch satellites weighing up to 1,000 lbs. into low earth orbits, has been launched from a NASA-provided B52 bomber, but the L1011 was chosen for the commercial program.
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HEADLINE NEWS

Navy Investigating Crash Of T-45A Test Aircraft

ANavy/McDonnell Douglas T-45A test aircraft suffered extensive damage when it veered off the runway immediately after landing and hit the remains of a building foundation here. The pilot ejected safely. The 11:33 a. m. accident occurred on June 4 as Lt. Owen P. Honors, a Navy test pilot assigned to the Strike Aircraft Test Directorate at NAS Patuxent River, Md., was completing a ferry flight to Edwards AFB.

By EDWARDS AFB, CALIF.

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HEADLINE NEWS

TI Group Takes Over Dowty, Plans to Shed Some Units

LONDON British-based TI Group, an international specialist engineering company, has won control of Dowty Group after 60.2% of Dowty’s shareholders tendered their shares by the close of the bid offer. TI Group’s success is likely to make it the third largest U. K. specialized engineering company after British Aerospace and Rolls-Royce, based on market capitalization, company officials said.
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HEADLINE NEWS

Pentagon Lifts Suspension Of GE’s Aircraft Engine Group

WASHINGTON The Defense Logistics Agency lifted its suspension of General Electric’s aircraft engine group, just four days after it went into effect, pending the resolution of a Justice Dept, suit against the company. A DLA official said the suspension represented an “interim decision,” subject to reinstatement at any time.
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