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Congress

Boeing, GE Win as House Votes to Revive Ex-Im Bank

Valerie Insinna

Wednesday, October 28th, 2015

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House Democrats and Republicans on Oct. 27 voted to resurrect the Export-Import Bank, a huge win for companies such as Boeing [BA] and General Electric [GE] that rely on the bank to help finance exports to international buyers. The reauthorization was passed in a 313-118 vote in which nearly all Democrats and a majority of Republicans moved in favor of the bill.Although the bank has typically garnered bipartisan support, conservative Republicans—many of whom hold top leadership positions—have called for the bank’s…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

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, […]