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Business/Financial

A Year-Plus After Renationalization, Effect of Lost U.K. Weapons Complex Shows at Lockheed Martin

Wednesday, October 19th, 2022

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In the nine months just ended, renationalization of the U.K. nuclear weapons complex cost Lockheed Martin’s [LMT] Space segment more than three quarters of a billion dollars, the company reported Tuesday. Bringing the British weapons program fully back into the government’s arms dropped sales in Lockheed Space by some $865 million over the past nine months, according to the company’s latest 10-Q filing with the Securities and Exchange Commission. The Kingdom’s move was long expected, but the figure gives some…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]