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Business/Financial

After Gains In 2009, AIA Projects Flat Growth In 2010, Decline In 2011

DDN

Thursday, December 17th, 2009

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By Calvin Biesecker The aerospace industry is on its way toward posting modest growth this year, driven by strong military sales and a slight improvement in civil aircraft business, but the outlook for 2010 is basically flat as further increases in military business will largely be offset by a decline in commercial aerospace, the Aerospace Industries Association (AIA) said yesterday. And, in 2011, the overall aerospace sector will experience a decline as a drop-off in civil business due to worsening…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]