Archive: Market Sectors

Coast Guard National Security Cutter James (WMSL 754). Photo: Coast Guard

Omnibus Bill Funds Two More Coast Guard National Security Cutters

In a surprise, the congressional appropriations bill for fiscal year 2018 includes funding for two Coast Guard National Security Cutters (NSC), moving the program within one vessel of a one-for-one replacement of legacy high endurance cutters. The FY ’18 Omnibus Appropriations Bill contains $1.2 billion for the NSC program to complete the acquisition of the […]

Navy Wants Legacy Systems Open To New Capabilities

AUSTIN, Texas – The Navy is challenging its program directors to find ways of opening legacy systems to new capabilities, but the process of moving to modular, open systems architectures retroactively is a slow and difficult process, according to a senior service scientist. “We’re trying to go to modular, open systems where possible,” David Walker, […]

The future USS Tulsa (LCS-16) Independence-variant Littoral Combat Ship is launched in Mobile, Ala. in March 2016. (Photo: U.S. Navy)

Lawmakers Worry LCS Yards Are Being Left In The Lurch

Lawmakers from districts with Littoral Combat Ship (LCS) shipyards are increasingly worried about the Navy’s request to procure only one vessel in the FY ’19 budget, but Navy Secretary Richard Spencer said he is looking at ways to shore up the industrial base. Rep. Bradley Byrne (R-Ala.) told Spencer at a hearing on Tuesday that […]

Army Scientist: ‘Futures Command’ Must Deliver Weapons, Gear Faster

AUSTIN, Texas — The Army’s new Futures Command, however it shakes out, should focus on getting technology to soldiers as quickly as it emerges, according to a senior service scientist. What’s holding back new weapons, sensors and systems development is not technological hurdles, but the bureaucratic ones, according to Jeffrey Singleton, deputy assistant secretary of […]

Department of Homeland Security Secretary Kirstjen Nielsen

Nielsen Says Administration Continues To Develop Cyber Deterrence Strategy

The White House is continuing to develop a strategy for cyber security that includes deterrence and identifies unacceptable behaviors in cyber space, Homeland Security Secretary Kirstjen Nielsen told a Senate committee on Wednesday. Nielsen said that a deterrence doctrine “needs to be very clear that there are consequences when countries meddle in our affairs,” and […]

Raytheon Increases Dividend

Raytheon [RTN] on Wednesday said its board had voted to increase the company’s annual dividend by nearly 9 percent, marking the 14th consecutive annual increase in the payment to shareholders. The company’s annual dividend is currently $3.19 per share and will increase to $3.47 per share. “With today’s announcement, we have increased our annual dividend […]

The Virginia-class attack submarine USS North Carolina (SSN-777). Photo: U.S. Navy

Navy Willing To Have Next Virginia Submarine Contract Allow More Than 10 Submarines

Two top Navy officials told Congress yesterday they are open to having the Block V Virginia-class submarine multiyear procurement (MYP) contract include the option to buy over the 10 planned boats. Rep. Joe Courtney (D-Conn.), ranking member of the House Armed Services Seapower Subcommittee, told Secretary of the Navy Richard Spencer at a hearing that […]

Panel on global cyber threats at the Billington International Cybersecurity Summit. Photo: Matthew Beinart.

Global Industry Partnerships Critical To Thwarting Future Cyber Threats

Global partnerships led by U.S. and overseas private sector partners will be critical to addressing cyber threats aimed at exploiting known vulnerabilities in critical infrastructure networks, according to U.S. and international government officials speaking at a cyber conference on Wednesday. Leadership from the Department of Homeland Security, State Department and international cyber organizations urged industry […]

Rep. Jim Bridenstine (R-Okla.). (Photo courtesy of office of Rep. Bridenstine.)

House Lawmakers Urge Senate Vote On NASA Administrator Nominee

More than 60 House members have signed a letter to Senate leaders urging them to schedule a vote on the nomination of Rep. Jim Bridenstine (R-Okla.) to be NASA administrator. The letter, led by Rep. Brian Babin (R-Texas), chairman of the House Science Committee’s space panel, says that confirmation of a new NASA head is […]

Army Needs Smarter Drones To Replace Legacy Platforms

AUSTIN, Texas – The Army wants new tactical unmanned aerial vehicles that would eventually replace the drones the service now flies, including the General Atomics Gray Eagle and Shadow aircraft. Unmanned aerial systems need a greater degree of autonomy and should perform more missions than they currently do, said. Jeffrey Singleton, the service’s director of […]