Business/Financial
-
Business/FinancialThornberry to Introduce Two Bills Related to Acquisition Reform in FY ’20 NDAA Markup
The House Armed Services Committee’s (HASC) ranking member plans to introduce two bills that would compel the Pentagon to implement acquisition reforms that Congress has passed into law, and create […]
-
Business/FinancialBAE Adds President To U.S. Chief Operating Officer Arsenault’s Job
BAE Systems, Inc., the U.S.-based business of Britain’s BAE Systems plc, on Thursday said that Tom Arsenault has been named its president and chief operating officer (COO) and that Jerry […]
-
CongressWarren, Speier to Introduce Bill to More Strictly Limit Ex-DoD Officials’ Revolving Door to Industry
Sen. Elizabeth Warren (D-Mass.) and Rep. Jackie Speier (D-Calif.) announced May 16 their intent to introduce new legislation that would further restrict former government officials from lobbying the Pentagon and […]
-
CongressHouse Oversight Panel Says TransDigm Earned Profits Above 1,000 Percent On Multiple Programs
Aerospace parts supplier TransDigm Group Inc. [TDG] overcharged the Pentagon more than 1,300 percent on five programs examined by the House Oversight and Reform Committee, the worst examples cited by […]
-
Navy/USMCDraft House Defense Spending Bill Cuts $2 Billion From Navy Shipbuilding
The draft version of House Appropriations Committee defense spending bill trims Navy shipbuilding spending by over $2 billion compared to the Defense Department’s request. It would budget $21.7 billion to […]
-
PentagonDoD’s Lord Says Next F-35 Lot Contract Expected to Be Awarded By July
The Defense Department and Lockheed Martin [LMT] are continuing negotiations for Lot 12 of the F-35 Joint Strike Fighter, with plans to award a contract within the next two months, […]
-
InternationalState Department Approves $3 Billion AH-64E Sale To Qatar
The State Department has approved a $3 billion sale of 24 Boeing [BA] AH-64E Apache attack helicopters and related equipment, such as the Lockheed Martin [LMT] AN/ASQ-170 Modernized Target Acquisition and […]
-
Homeland SecurityLong-Lead Funding In FY ’20 For Second Polar Security Cutter Would Help With Planning, Shipbuilder Says
NATIONAL HARBOR, Md.—Obtaining some funding in fiscal year 2020 to purchase long-lead materials for the Coast Guard’s second heavy polar icebreaker would help with production planning and provide savings in […]
-
Business/FinancialSaab to Open New Manufacturing and Production Facility for T-X in Indiana
Saab will open a new advanced manufacturing and production site in West Lafayette, Indiana, where it will produce final assembly for its components of the Air Force’s new T-X trainer […]
-
Business/FinancialL3’s Commitment To An Integrated Company Already Being Demonstrated, Stackley Says
NATIONAL HARBOR, Md.—A commitment by L3 Technologies [LLL] Chief Chris Kubasik when he took over leadership of the company nearly 18 months ago to begin to truly integrate its dozens […]