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Air Force

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

Frank Wolfe

Friday, August 25th, 2023

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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…

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]