February 14, 1994

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HEADLINE NEWS

PENTAGON EYES SAVINGS TO BOOST PROCUREMENT

WASHINGTON The Pentagon's five-year budget plan continues the steep decline in procurement funding but looks to start reversing that trend in Fiscal 1996. That shift is dependent, however, upon achieving substantial savings from overhead reduction and defense acquisition reform.

By JOHN D. MORROCCO7 min

HEADLINE NEWS

SURPLUS SALES SEEN FUNDING NEW BUYS

U. S. aerospace officials see no conflict between offering allies cut-rate prices on modified, older weapons and export sales of new aircraft or other technologies

By DAVID A. FULGHUM6 min

HEADLINE NEWS

DISCOVERY OVERCOMES GLITCHES TO PLUMB SPACE'S VACUUM

JOHNSON SPACE CENTER The flight, ground and science crews of shuttle Mission 60 overcame a string of problems last week to grow thin films in space's vacuum with a balky satellite, deploy seven other satellites and conduct numerous materials processing and biological experiments.

By JAMES T. MCKENNA5 min

HEADLINE NEWS

GKN BIDS FOR WESTLAND

LONDON A battle for control of U. K.-based West-land Group was set in motion last week after the aerospace company rejected a takeover bid from GKN Plc, a U. K.-based manufacturer of armored fighting vehicles. GKN, whose principal business activities are automotive driveline products and systems, has held 20.2% of Westland's ordinary stock since 1988 and agreed last week to acquire another 7.2% from United Technologies Corp. for 75 million pounds ($1 11 million) in cash.

By CAROLE A. SHIFRIN4 min

HEADLINE NEWS

NAVY H-60 CUTS POSE INDUSTRIAL BASE ISSUE

WASHINGTON The U. S. Navy's decision to curtail procurement of Sikorsky SH-60 and HH60 helicopters sooner than planned exacerbates helicopter industrial base concerns, which will now come to a head in 1997. Defense Secretary William Perry told the Senate Armed Services Committee there is enough work to sustain a viable helicopter industrial base up through that time.

HEADLINE NEWS

USAF TO AX SUPPORT IN NEW BUDGET CUTS

WASHINGTON The U. S. Air Force will have nearly reached its Bottom-Up review force levels by Fiscal 1995, almost four years ahead of schedule, which sets the stage for applying the budget ax to the service's overhead and logistics tail.

By DAVID A. FULGHUM4 min

HEADLINE NEWS

CLINTON BUDGET CUTS NASA 'TO THE BONE'

WASHINGTON The Clinton Administration has proposed the first reduction in NASA's budget in two decades but managed to find room to initiate a new mission to Mars. The planned $14.3 billion in Fiscal 1995 spending, down from $14.55 billion this year, is an effective reduction of $650 million when inflation is taken into account.

By JAMES R. ASKER4 min

February 71994

February 211994

February 14, 1994

February 14, 1994

U. S. SHAKEOUT TESTS SUPPLIERS' FLEXIBILITY

By ANTHONY L. VELOCCI9 min