* US Secretary of the Air Force Michael Donley and Air Force Chief of Staff Gen. Norton Schwartz released a short whitepaper [PDF] outlining its priorities and choices within forthcoming budget constraints. It states: “More than 280 aircraft have been identified...
* Australian Defence Minister Stephen Smith told reporters the Department will review their JSF purchase timetable, in light last week’s confirmation that the US will take it slow. * Jim Maslowski, President at Hawker Beechcraft Defense and a former US Navy Rear...
Update: FY13 PB has been released. Top Pentagon officials gave a briefing yesterday on major budget decisions ahead of the FY13 President Budget request coming on Feb. 13. Highlights among the outlined priorities [PDF]: * A relatively stable topline at $613.4B, made...
* Full 2011 financial results: Textron saw growth at Bell, revenue decrease at Textron Systems. At $7.3B, Bell’s backlog has recovered from a reporting error announced by the company last quarter. * Meanwhile General Dynamics generated $32.7B of revenue last...