Aerospace Group:

Airbus, Safran Complete Space Launchers Joint Venture

Friday, July 1st, 2016

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Airbus Group and Safran Group on June 30 said they have finalized the creation of their joint venture for the space launchers business, meaning it is now full-fledged operational company.The two companies initiated operations of their 50-50 joint venture on Jan. 1, 2015 after approval by the European Space Agency in December 2014. Safran is making an $831 million payment to Airbus to obtain its 50 percent stake in Airbus Safran Launchers.Europe’s Airbus and France’s Safran said that with the…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]