By Ann Roosevelt Raytheon [RTN] has submitted its average missile unit production price for the Non-Line-of-Sight Launch System (NLOS-LS), coming in at about a third the cost of a government estimate, a company executive said. "The government has shared a $304,000 average unit production price estimate and on [March 6], our [Raytheon Missile Systems] president provided a letter to PEO Integration, validating our estimate of $198,000," Michelle Lohmeier, deputy vice president of Raytheon Land Combat, told Defense Daily in an…
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Congress Updates
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 […]
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 […]
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 […]
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 […]
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