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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…

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

The Pentagon is bargain shopping for Group 1 drones, as other countries, including Ukraine and China, have taken advantage of consumer electronics-level prices to bolster their stables. “In last spring’s […]

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]