Archive: Market Sectors

The People's Liberation Army (Navy) hospital ship Peace Ark (T-AH 866), the U.S. Navy hospital ship USNS Mercy (T-AH 19), the Military Sealift Command fast combat support ship  USNS Rainier (T-AOE 7) and the Royal Norwegian Navy frigate HNoMS Fridtjof Nansen (F310) maneuver into formation for a photo exercise during Rim of the Pacific (RIMPAC) 2014. (U.S. Navy photo)

Lawmakers Blast Navy Plan To Retire Hospital Ship

The U.S. Navy’s plan to retire one of its two hospital ships is drawing fire from lawmakers who say the vessels provide important services for overseas humanitarian missions and victims of domestic natural disasters. According to the lawmakers, the proposal to retire either the USNS Comfort or the USNS Mercy in 2020 is reflected in the Navy’s recently […]

MBDA Deutschland and Lockheed Martin announced a new joint venture to pursue the next generation Integrated Air and Missile Defense System, “TLVS,” for the German Bundeswehr. The joint venture is expected to become the prime contractor for the new system that will transform Germany’s defense capabilities. (PRNewsfoto/Lockheed Martin)

Lockheed Martin Joins European Consortium To Develop German Integrated Air Defense

Lockheed Martin [LMT] has partnered with MBDA Deutschland to develop integrated air and missile defense systems for the German armed forces. The joint venture between Lockheed Martin and MBDA, a group jointly owned by Airbus, BAE Systems, and Leonardo will become the prime contractor for the new system, called TLVS, based on Lockheed Martin’s medium […]

Capitol at night---cropped---MS photo

House Panelists Complain Coast Guard Again Tardy With Investment Plan

The Coast Guard was five months late last year with its capital investment outlook, making it difficult for Congress carry out its budgeting and policy functions, and is overdue again for delivering the Capital Investment Plan (CIP), leaders on a House committee that oversees the Coast Guard said on Wednesday. “Unfortunately, the Coast Guard submits […]

The future USS Gerald R. Ford (CVN 78) arrives at Naval Station Norfolk in Virginia on April 14, 2017, after returning from builder's sea trials. (Photo by U.S. Navy)

Navy And Congress Grapple With How To Increase Fleet And Maintain Shipbuilders

Members of Congress and Navy officials grappled this week with how to maintain shipbuilders, lower costs, and increase the size of the Navy towards the 355-ship goal given long timelines and limited shipyards. During a Tuesday hearing of the House Armed Services Subcommittee on Seapower and Projection Forces, Rep. Mike Conway (R-Texas) inquired about changing […]

iStock Cloud Computing

DoD Opens Competition For Multi-Billion Dollar Commercial Cloud Contract

The Department of Defense issued a draft solicitation Wednesday for its potential multi-billion dollar Joint Enterprise Defense Infrastructure (JEDI) cloud services project aimed at improving data analytics and security across all facets of the department. DoD officials held an industry day for the massive JEDI project, which aims for a full cloud migration centered around […]

A F-35C on the USS Nimitz during 2014 testing. Photo: Navy.

F-35’s Next Development Phase Could Cost Nearly $11 Billion

The follow-on development phase for the U.S. Department of Defense’s F-35 Joint Strike Fighter is expected to cost about $10.9 billion over seven years, the program’s leader said March 7. If the development plan is approved by DoD and service leaders, the U.S. Air Force, Marine Corps and Navy will cover $7.2 billion of the […]

GD Increases Dividend

General Dynamics [GD] on Wednesday said its board has increased the company’s quarterly dividend by nearly 11 percent to 93 cents per share, payable on May 11. The dividend hike represents the 21st consecutive year that GD has raised the dividend on its common stock. The current quarterly dividend is 84 cents per share. GD, […]

Transportation Security Administration Administrator David Pekoske.

Pekoske Looking To Build On Successes With Public-Private Partnerships

Transportation Security Administration (TSA) Administrator David Pekoske wants to take greater advantage of public-private partnerships to more quickly field and evaluate new technologies to help save time when programs go through the formal acquisition process. If a technology can be proven to work in an operational environment and the data that is collected answers the […]


Service Weapon Buyers Say Congress Can ‘Declare Victory’ On Acquisition Reform

By delegating management of large weapon programs to the military services, Congress may already have achieved the acquisition reforms it and Defense Department leaders have long sought, according to acquisition executives. Asked whether there have so far been any glaring errors in the reforms Congress has imposed on the defense acquisition system over the past […]