:

Business/Financial

Boeing To Headquarter New Services Segment In Texas

By Cal Biesecker

Wednesday, April 5th, 2017

SHARE:

Boeing To Headquarter New Services Segment In Texas

Stan Deal, president and CEO of Boeing Global Services. Photo: Boeing

Boeing [BA] on Wednesday said it will headquarter its new global services segment in Plano, Texas, near Dallas, adding that the business will be operational in July.Boeing last November said it would create a separate operating segment for most of its current commercial and defense services business, with aspirational plans to triple revenue from this work to about $50 billion annually over the next five to 10 years. Consolidating its services work will create more focus on the growing global…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]