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NEWS ABOUT: Military-Industrial Complex

WTF, DoD? Dumbest Military Tech Acronyms

(Newser) - Wired has been keeping track of the most ridiculous acronyms the military-industrial complex comes up with. Here’s the latest list of the "Most Awesomely Bad Military Acronyms" (MAMAs, of course):
  • Affordable Accurate Robot Guidance (AARG)
  • Integrated Precision Ordnance Delivery System (IPODS)
  • Multi-Sensor Aerospace-Ground Joint ISR Interoperability Coalition (MAJIIC)
... More »

Italian Firm to Buy DRS Technologies

$5.3B sale gives Finmeccanica entry into US defense market

(Newser) - Italy's biggest defense contractor has agreed to buy DRS Technologies Inc. for $5.3 billion and grab a share of America's defense market, the Wall Street Journal reports. Finmeccanica will purchase the defense-electronics firm for $81 per share, a 32% premium on share price, pending approval by Washington. The deal... More »

Boeing to Appeal $40B Contract

CEO claims 'serious flaws' in bidding

(Newser) - Boeing vowed today to appeal a controversial $40 billion contract to build refueling tankers for the Air Force, the Wall Street Journal reports. "Our team has taken a very close look at the tanker decision and found serious flaws in the process," Boeing CEO Jim McNerney said. The... More »

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