President Obama names Leon Panetta as the new US defense secretary and Gen. David Petraeus as the new CIA director, replacing Panetta. Tom Ricks sees Panetta’s appointment as the precursor to large budget cuts.
The general’s shift to the CIA is especially interesting, given the growing intelligence role carved out by the US military and special [...]
General Dynamics, Northrop Grumman, and Boeing all beat Wall Street first quarter results estimates.
Raytheon sees strong Q1 growth in its ace and Airborne Systems (SAS) business thanks to its acquisition of Applied Signal Technology. Meanwhile ManTech had a mix of organic and external growth through the quarter.
Oshkosh’s Q2 finds the company in the middle of [...]
Gareth Porter, independent historian and journalist for IPS News, discusses Benjamin Netanyahu’s 2007 offer of political favors to Ehud Olmert in exchange for attacking Iran; why an Israeli “solo” attack on Iran would still make the US complicit – requiring a presidential decision to allow it to happen; the pusillanimous tendencies of Barack Obama; and [...]