Grand jury indicts former Army official, business owner

Article Abstract:

The Department of Justice (DOJ) has revealed that a federal grand jury has indicted a former Army official and the owner of a helicopter company on corruption charges. The panel has charged Jeffrey Stayton, chief of the Aviation Division of the Army Test and Evaluation Command (ATEC), and William Curtis Childree, owner of Maverick Aviation, with honest services fraud and bribery along with obstruction of justice.

Legal issues & crime, Public affairs, Police Protection, Legal/Government Regulation, Dept of the Army, Fraud, Ethics, Bribery, Company legal issue, Cases, Ethical aspects, United States. Army, Stayton, Jeffrey, Childree, William Curtis

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Lockheed Martin installs former Coast Guard brass on board

Article Abstract:

Lockheed Martin Corp. has named Retired Adm. James Loy, former commandant of the Coast Guard and more recently, deputy secretary in the Coast Guard parent agency, to its board of directors. Loy while serving at the Coast Guard had distinguished himself by bringing to reality the vast Deepwater procurement program to obtain new cutters, airplanes, helicopters and more for the coastal patrol service.

Appointments, resignations and dismissals, Lockheed Martin Corp., Loy, James

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Northrop chief predicts continued defense growth following acquisitions, time for consolidation

Article Abstract:

The chairman and chief executive of Northrop Grumman Corp., Ronald Sugar expects the military spending to continue to increase and also following acquisitions as it is now looking at strategic divestitures and consolidation. Northrop has consolidated several hundred facilities into smaller numbers and it has conducted more devestitures than acquisitions over the last three years from 2006.

Acquisitions & mergers, Forecasts, trends, outlooks, Defense Administration & Finance, Mergers, acquisitions and divestments, Forecasts and trends, Company acquisition/merger, Beliefs, opinions and attitudes, Market trend/market analysis, Northrop Grumman Corp., Defense spending, Defence spending, Sugar, Ronald

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