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Business/Financial

Big Civilian Nuke Sites Contract Canceled Amid Conflict of Interest Controversy

Monday, May 16th, 2022

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Big Civilian Nuke Sites Contract Canceled Amid Conflict of Interest Controversy

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In a blow to Fluor [FLR] and Amentum, the National Nuclear Security Administration (NNSA) said Monday it canceled a potentially 10-year, $28 billion contract for a joint venture of the two companies to manage the agency’s main nuclear-weapon production sites. The semiautonomous Department of Energy nuclear weapons agency awarded the big-money deal to the Nuclear Production One joint venture in November, but losing bidders quickly protested the award, citing a conflict of interest involving a former NNSA employee who joined a…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]