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Navy/USMC

BWXT Sitting Out Submarine Missile Tube Work Amid 3Q Earnings Boom

Tuesday, November 5th, 2019

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BWXT Sitting Out Submarine Missile Tube Work Amid 3Q Earnings Boom

BWX Technologies [BWXT], trumpeting strong third-quarters results Tuesday, remained non-committal about building more common missile compartment tubes for U.S. naval submarines, beyond those the company is already under contract to make by 2021. After announcing in 2018 that it had botched welds on 12 of the tubes, which were destined for both Columbia- and Virginia-class subs, BWX Technologies no longer expects to make any money on its missile tube contracts with submarine prime General Dynamics [GD] Electric Boat. Under its third…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]