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Business/Financial

BAE, EADS Confirm Discussion On Potential Merger; Say U.S. Would Benefit

Defense Daily Staff

Thursday, September 13th, 2012

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Two of the world’s largest aerospace and defense contractors, Britain’s BAE Systems and the European Aeronautic Defence and Space Co. (EADS), yesterday confirmed that they are in discussions about a potential combination that would still leave both as separate publicly traded entities. The combination, if it occurs, would result in the world’s largest aerospace and defense company and would have a significant global operational footprint, particularly in Europe and the United States. The two companies combined for $94.1 billion in…

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

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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 […]