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Defense Daily, Wednesday, April 25, 2018, Vol. 218, Issue 18

Newsletter Lockheed Martin Opens 2018 With Strong Financial Results By Calvin Biesecker Lockheed Martin [LMT] on Tuesday posted strong financial results in its first quarter buoyed by operating performance, a lower tax rate and a pension tailwind, and the company raised the outlook for its top and bottom lines in 2018. Net income soared 47 […]

An F-16V. (Lockheed Martin photo)

State Department Approves Deals With Netherlands For F-16 Support, Munitions Kits

The State Department has approved a $110 million deal with the Netherlands for continued F-16 training and weapons support, and a $70 million delivery of precision guided munitions kits. The Defense Security Cooperation Agency (DSCA) notified Congress of the foreign military sales (FMS) on Tuesday. Under the F-16 training deal, the Netherlands will continue its […]

LTG Paul M. Nakasone_ ARCYBER Commanding General_release on 14OCT2016

Senate OK’s Nakasone As Next Cyber Command, NSA Director

The Senate has confirmed Lt. Gen. Paul Nakasone, commander of Army Cyber Command, as the next head of U.S. Cyber Command and the National Security Agency (NSA). Lawmakers approved Nakasone’s nomination by a voice vote Tuesday, and he will now lead the Department of Defense’s top cyber warfare and intelligence gathering units. Nakasone succeeds Adm. […]

An MH-60 Romeo flying near the USS Freedom (LCS-1). Photo: U.S. Navy

Spencer: Marinette Should Talk With Navy About How Its LCS Price Can Get More Competitive

The Navy Secretary said on Tuesday the leaders of Fincantieri Marinette Marine should talk with the Navy about how their Littoral Combat Ship (LCS) variant can have a more competitive price. Richard Spencer suggested the get-together while responding to an LCS question from Sen. Tammy Baldwin (D-Wis.) at a Senate Appropriations defense subcommittee hearing. Marinette […]

Head of BWXT Nuclear Operations Group Leaving After June; Head Lawyer Also to Depart

Joseph Henry, president and chief operating officer of BWX Technologies’ Nuclear Operations Group, will retire June 30, the company disclosed Monday in a regulatory filing. It was not immediately clear who would succeed the retired Navy admiral at the helm of the Lynchburg, Va.-based company’s nuclear manufacturing and fuel-enrichment business. “We will announce [Henry’s] successor […]

VADR

TransDigm Completes $525 Million Acquisition Of Extant Aerospace

TransDigm Group Inc. [TDG] has completed its $525 million cash acquisition of Extant Components Group, strengthening its position in the aftermarket for both military and commercial aerospace products. Extant gets 80 percent of its sales from the aftermarket, with the military end market accounting for the majority of revenue. Extant expects to generate about $85 […]

CAPITOL

Senate Panel OKs Nominees To Lead NORTHCOM, PACOM

The Senate Armed Services Committee on April 24 approved President Trump’s nominees to head U.S. Northern Command (NORTHCOM) and U.S. Pacific Command (PACOM). The committee endorsed Navy Adm. Philip Davidson to be PACOM’s commander and Air Force Gen. Terrence O’Shaughnessy to be commander of NORTHCOM and the North American Aerospace Defense Command.  The voice vote […]

iStock Cloud Computing

Defense Department Plans Dedicated AI Development Center Within Six Months

The Defense Department plans within six months to establish a laboratory dedicated to artificial intelligence, which Deputy Defense Secretary Pat Shanahan said is the key to saving billions of dollars by streamlining the Pentagon’s business and computing systems. Currently under the supervision of Undersecretary of Defense for Research and Engineering Michael Griffin, the Pentagon’s pursuit […]

The future Zumwalt-class destroyer USS Michael Monsoor (DDG-1001). (Photo: U.S. Navy)

GD Delivers DDG-1001 To Navy

The Navy officially accepted a hull, mechanical and electric (HM&E) delivery of the future Zumwalt-class destroyer USS. Michael Monsoor (DDG-1001) from builder General Dynamics Bath Iron Works (BIW) [GD] today. The Navy said the delivery came after “extensive tests, trials and demonstrations” of the destroyer’s HM&E systems. This covers boat handling, anchor and mooring systems […]