The Government Accountability Office’s (GAO) latest audit of the Columbia-class nuclear ballistic missile submarine program estimated the first new boat has cost overruns several times higher than the shipbuilder and […] ...

RTX’s Raytheon [RTX] on Sept. 27 won over $1.26 billion in Navy contracts to build and deliver AIM-9X Sidewinder and Evolved SeaSparrow Missile (ESSM) Block II Guided Missile Assemblies. Naval […] ...

RTX‘s [RTX] Pratt & Whitney has received a more than $1.3 billion cost plus incentive fee contract for the F135 Engine Core Upgrade (ECU) for the Lockheed Martin [LMT] F-35 […] ...

HII’s Newport News Shipbuilding (NNS) [HII] recently told the Navy and Justice Department that it discovered some faulty welds on Navy submarines and aircraft carriers were made purposefully, if not […] ...

Lockheed Martin [LMT] is receiving a firm fixed price contract worth up to $3.2 billion for a “large lot” buy of the company’s AGM-158 Joint Air-to-Surface Standoff Missile (JASSM) and […] ...

The Pentagon said on Friday that it is examining what steps to take to ensure quality control on Boeing [BA] aircraft for the military services as a result of the […] ...