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Business/Financial

Lockheed Martin Nabs FBI Contract To Develop Multi-Modal Biometric Database

DDN

Wednesday, February 13th, 2008

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By Calvin Biesecker The FBI yesterday selected Lockheed Martin [LMT] as the systems integrator for an award potentially worth nearly $1 billion to design, develop and deploy its Next Generation Identification (NGI) System, which will expand its current electronic fingerprint-based database to include multiple biometrics to better improve the identification and capture of criminals and terrorists. The initial value of the contract, which includes a base year and nine option years, is nearly $40 million for the first year and…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]