December 17, 2000 |
George W. Bush will be hit with a frostbitten economy when he's inaugurated in January. Business activity, already wavering, will be slowing to a crawl. Companies, instead of expanding, will be cutting costs, possibly laying off employees. The Federal Reserve will be thinking about lowering interest rates. And the new Bush administration will come into office pushing for tax cuts to revive the economy. Bush said Friday that he believes strongly in "the need to reduce marginal rates" of taxes.
December 1, 2000 |
The Marine Corps' top officer said Thursday he expects the Defense Department to give the go-ahead soon for starting full-scale production of the MV-22 Osprey, a hybrid helicopter-airplane. The Marines are counting on the new aircraft to replace their Vietnam War-era fleet of transport helicopters. "I'm confident it should be approved, and I've seen nothing to lead me to believe that it won't," said Gen. James L. Jones, commandant of the Marine Corps, in an interview with Associated Press.
November 19, 2000 |
In recent weeks, while most investors seemed focused on election news or worries about technology stocks, shares of leading aerospace-defense companies hit new highs. The underlying reasons weren't hard to find. Defense budgets are slated to rise in the decade ahead as a changing world presents new challenges to U.S. military strategy. A major review of defense policies is a certainty in the next few years.
September 2, 2000 |
President Clinton announced Friday that he will leave the decision on deployment of a national missile shield to his successor, averting for now a potential diplomatic crisis and propelling the controversial program to a murky future. Clinton said that even though the nation faces a growing threat from long-range missiles, he lacks the "absolute confidence" he would need to deploy a system that would place existing arms control agreements in jeopardy and possibly trigger an arms race.
August 28, 2000 |
Southern California technology companies have won a spate of U.S. Army orders in recent months for systems and devices that do everything from mapping battlefields to deflecting enemy fire. The contracts--each worth tens of millions of dollars--have gone to both little-known defense industry suppliers as well as TRW Inc. and other giants that once dominated the Southern California aerospace economy.
August 23, 2000 |
Washington's top arms control expert met Danish and Greenland officials amid U.S. efforts to secure support for a controversial shield to protect the United States from missile attacks. In Nuuk, Greenland's capital, John Holum, the State Department's undersecretary for arms control and international security, discussed proposals to upgrade an existing U.S. radar station on the Arctic island as part of the new national missile defense system.
August 23, 2000 |
Vice President Al Gore, courting a major veterans' group his Republican rival addressed the day before, said Tuesday that he would back a military pay raise to keep the U.S. military the "best-trained, best-equipped, best-led fighting force in the entire world, bar none." Gore, who ended a four-day riverboat trip down the Mississippi on Monday, took pains to counter rival George W. Bush's portrayals of a U.S. military in disrepair.
August 18, 2000 |
A powerful Titan 4B rocket carried a classified satellite into orbit Thursday. The launch and payload separation were successful, said Capt. Tom Knowles, a 30th Space Wing spokesman. The rocket was visible across a wide area of California as it rose over the Pacific at 4:45 p.m. The Air Force said the new satellite was designed and built by the National Reconnaissance Office but did not release any information about its purpose. Knowles referred questions about the satellite to the NRO.
August 14, 2000 |
A U.S. nuclear bomb lost more than three decades ago probably lies on the seabed off Greenland's Thule air base, which the United States aims to use for its controversial antimissile shield, a Danish newspaper reported. Classified documents obtained by a group of former workers at Thule, an Arctic air and radar base built by the United States in 1951-52, suggest that one of four hydrogen bombs on a B-52 bomber that crashed there in 1968 was never found, the daily Jyllands-Posten said.
August 9, 2000 |
The Pentagon may delay its target date for deploying a national missile shield--possibly by as much as two years--because of mounting technical problems, including delays in development of a new booster rocket, defense officials said Tuesday. The Pentagon had been hoping that the system would be operational as early as 2005 to protect the 50 states from the threat of a long-range missile attack by "rogue" countries such as North Korea and Iran.