:

Air Force

Boeing and Lockheed Martin Look to $3.4 Billion in Local Financing for NGAD

Frank Wolfe

Friday, August 25th, 2023

SHARE:

Boeing and Lockheed Martin Look to $3.4 Billion in Local Financing for NGAD

Secretary of the Air Force Frank Kendall walks with Gen. Mark Kelly, commander of Air Combat Command, after arriving at Joint Base Langley-Eustis, Va., on Sept. 23, 2022 (U.S. Air Force Photo)

Boeing [BA] and Lockheed Martin [LMT] are looking to $3.4 billion in local financing to aid company expansions for the development of their Next Generation Air Dominance (NGAD) systems. Boeing wants $1.8 billion in bonds for "Operation Voyager" to build 1 million square feet of new assembly, hangar and operations space on 150 acres next to St. Louis Lambert International Airport in Berkeley, Mo. The bond proposal could result in $155 million in tax relief for Boeing over the next…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]