:

Business/Financial

Aerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says

By Cal Biesecker

Friday, July 29th, 2022

SHARE:

Aerospace And Defense Industry Has A New Normal For Supply Chain, Kubasik Says

Christopher "Chris" Kubasik, chairman and CEO of L3Harris Technologies. Photo: L3Harris

Like other defense companies posting second quarter financial results, L3Harris Technologies [LHX] last week reported ongoing headwinds related to its supply chain that impacted sales and earnings, challenges that aren’t going away and will require the industry to adapt, Christopher Kubasik, the company’s chairman and CEO, said during a July 29 earnings call. “I think at least at L3Harris, I think the whole industry has now realized there's a new norm in supply chain and we're adapting to that as…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]