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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

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]