WASHINGTON — Lockheed Martin said Wednesday it was giving pink slips to 350 of its workers. Although none of them work for Sikorsky, the company made clear it was considering layoffs there.
Sikorsky
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Blumenthal, Murphy split over boost in defense spending
WASHINGTON — Democratic Sens. Richard Blumenthal and Chris Murphy split this week on whether to boost military spending by $18 billion – allowing the Pentagon to increase its purchase of Connecticut-made weaponry – without raising the amount of money spent on domestic programs as well.
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Senate defense bill holds the line on F-35s, Black Hawks
WASHINGTON — A Senate defense panel has been far less generous to Connecticut defense programs than it’s counterpart in the House, which had boosted the number of F-35 Joint Strike Fighter planes and doubled the number of Black Hawk helicopters the Pentagon had asked for.
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CT lawmakers trying to blunt deep cuts for Sikorsky helicopters
WASHINGTON — Connecticut lawmakers and their allies in Congress are waging a war against the Pentagon’s plan to dramatically cut the number of Sikorsky-made Black Hawk helicopters it will buy next year. The lawmakers may very well win.
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Obama budget would cut Black Hawks, F-35s, boost Pell grants, Head Start
WASHINGTON — President Obama’s 2017 proposed budget, released Tuesday, would sharply cut funding for Connecticut -made Sikorsky Black Hawk helicopters and trim the number of F-35s the Pentagon would buy, while boosting spending on certain domestic priorities.
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Once a Sikorsky-flying Marine, he now pilots the company
WASHINGTON – Dan Schultz doesn’t like to talk about it, but he flew a harrowing rescue mission to Mogadishu, Somalia, in 1991 in a Sikorsky Super Stallion chopper. Now at the company’s helm, he says he plans no big, immediate changes at Sikorsky.
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Final defense bill OKs 63 F-35s, other major CT weapons
WASHNGTON — The Senate on Tuesday sent on to President Obama a final defense authorization bill that paves the way for an increase in defense spending in Connecticut and the nation.
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In the news: Pacific trade pact, Sikorsky sale, billions for CT defense firms
Congress approved billions for Connecticut defense projects; Sen. Richard Blumenthal stepped up his campaign fundraising with attacks on CNBC commentator Larry Kudlow; Lockheed Martin got the last approval it needed to finalize its purchase of Sikorsky; and the White House released the text of the Trans-Pacific Partnership.
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With China’s OK, Lockheed Martin to close on Sikorsky purchase
WASHINGTON – Lockheed Martin said on Tuesday that it has received a final regulatory approval from China, allowing it to close on its $9 billion acquisition of Sikorsky Aircraft from United Technologies. Lockheed Martin said it anticipated closing on Friday.
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Federal budget deal helps CT defense industry, state budget
Washington – One of Rep. John Boehner’s final acts as Speaker of the House this week was to negotiate a budget deal with the White House that will help Connecticut’s defense industry by boosting Pentagon spending and save the state government about $65 million in health care expenses for low-income residents and state retirees.
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This Week in Washington
Congress moved at the 11th hour to avert a government shutdown, but it’s only a short-term fix — with a new budget deadline of Dec. 11. Access Health CT CEO James Wadleigh defended the operations of Connecticut’s health exchange to skeptical GOP lawmakers. Aetna CEO Mark Bertolini’s plans to merge with Humana were also scrutinized by a House panel this week.
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Pentagon slams Lockheed’s bid to purchase Sikorsky
WASHINGTON – While the Justice Department has given Lockheed Martin’s proposal to purchase Sikorsky Aircraft the thumbs up, the Pentagon on Wednesday frowned on the deal, saying it would lead to too much consolidation in the defense industry.
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Analysts: Lockheed Martin purchase fortunate break for Sikorsky, Connecticut
WASHINGTON — Some may lose jobs and a few Connecticut companies may lose contracts, but Lockheed Martin’s purchase of Sikorsky Aircraft is likely to anchor the helicopter maker in Stratford and increase it’s share of Pentagon contracts and the overseas market, analyst say.
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Courtney wins on sub fund in huge defense bill
WASHINGTON – Rep. Joe Courtney beat back a challenge to a special fund that would pay for a new class of nuclear submarines as the House finished work on a massive defense spending bill with billions of dollars for Connecticut defense contractors.
Posted inMoney, Politics
CT Lawmakers split on defense bill Obama dislikes
WASHINGTON – Connecticut lawmakers were split Friday over a massive defense bill that would authorize billions of dollars for the state’s defense industry but has provoked a veto threat from President Obama for boosting military spending in an account that’s out of the reach of a spending cap.
