Congress
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Business/FinancialCBO: DoD’s Long-term Spending Estimates Too Optimistic
The Congressional Budget Office (CBO) is warning that the Pentagon’s budget plans would cost $25 billion more than estimated in five years and $31 billion more in 10 years. The […]
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Business/Financial
Industry, Hill Clash Over Contractor Performance Data
Lawmakers and the defense industry are clashing over the handling of company information in databases the Pentagon refers to when making contract decisions. The use of such data repositories has […]
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Business/Financial
Panel Approves Extension Of Anti-Terror Law For Chemical Facilities
The Senate Homeland Security and Governmental Affairs Committee on Wednesday approved a three-year extension of regulations that enable the Department of Homeland Security to oversee compliance by high-risk chemical facilities […]
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CongressSenate Panel Seeks New ‘Innovation Centers’ To Assist Navy Open Architecture
Members of the Senate Armed Services Committee (SASC) are directing the Navy to look into standing up a new development mechanism to further improve the sea service’s efforts to stand […]
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Business/Financial
NASA: Commercial-Crew Plans On Schedule
The four firms under contract with NASA to help develop a commercial space transportation industry have met initial milestones for their crew-transport systems as of this month, the space agency […]
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Business/Financial
Obama Suggests More Defense Cuts Needed
As Congress and the White House remain gridlocked over budget negotiations, President Barack Obama suggested yesterday that further Pentagon budget cuts are needed beyond the $400 billion he already recommended. […]
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Business/Financial
Tweaks Sought To DoD’s Ability To Open Contracts To More Firms
Lawmakers and the defense industry want to tweak a new law intended to grant the Pentagon rights to technical data underlying weapons programs so multiple companies can build the systems. […]
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Business/Financial
Raytheon Initiates New Alabama Missile Integration Facility
Raytheon [RTN] yesterday broke ground for a new approximately $70 million missile integration facility on Redstone Arsenal in Huntsville, Ala. When it is completed, the facility will provide final assembly […]
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Air ForceSASC Targets Weapons’ Costs, Contractors’ Money
The Senate Armed Services Committee (SASC) is proposing an array of Pentagon acquisition reforms, ranging from measures targeting weapon systems’ testing and operations costs to contractors’ compensation and political activities. […]
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Congress
SASC To USMC: Tweak Post-EFV Plans
The Senate Armed Services Committee (SASC) said the Marine Corps cannot afford to carry out its ground-vehicle strategy and wants changes to the service’s plans for vehicles intended to replace […]