Pentagon
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Unmanned SystemsDoD Makes Potential $820 Million Loan Commitment To Drone Company To Mass Produce Components
Flexing new authorities to dramatically increase its loan commitments, the Pentagon’s Office of Strategic Capital (OSC) has made a conditional loan commitment of up to $820 million to Performance Drone […]
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ArmyLockheed Nabs $53.9 Billion Add To PAC-3 MSE Deal, Boosts Multi-Year Award To Nearly $59 Billion
The Army has awarded Lockheed Martin [LMT] a $53.9 billion contract modification that will support a recently-signed framework aimed at boosting production of Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 […]
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Missile Defense
Pentagon Signs Frameworks With L3Harris To Boost PAC-3 MSE, THAAD Propulsion Production
The Pentagon has signed a pair of framework agreements with L3Harris Technologies [LHX] that the company said would support work to “nearly triple” production of propulsion parts for PAC-3 MSE […]
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Navy/USMCNavy Under Secretary Argues Focus On Acquisition Cost Usually Counterproductive; Explains Reform Moves
The official performing the duties of Under Secretary of the Navy this month argued that the Navy’s “zealous pursuit of cost is almost always counterproductive, where our zealous pursuit of […]
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PentagonOracle Nabs $7 Billion Centralized Software Agreement
The Navy on July 23 awarded Oracle America, Inc. [ORCL] a contract worth up to nearly $7 billion for Defense Department centralized software acquisition, services and licenses under the “Department […]
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Advanced / Transformational TechnologyPentagon Seeks Bomber Prototypes In Drone Dominance Program
The Pentagon’s $1.1 billion Drone Dominance Program (DDP) plans to award $32 million for “reusable bomber/dropper” prototypes–with “additional orders planned”–in the latest instance of DoD’s affordable drone push. “One-way attack […]
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Business/FinancialTrump Tries Tightening Defense Contractors Access To Strategic Materials Sourced From Adversaries
President Donald Trump on Monday issued an executive order directing the Defense Department to restrict waivers sought by defense contractors when sourcing critical materials from adversary nations, specifically China, Iran, […]
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Unmanned Systems“More Than 50” Drones At A Time Target Of Lockheed Martin’s New MORFIUS X-Rotor HPM Design
Lockheed Martin [LMT] debuted the design for the company’s Mobile Radio Frequency-Integrated UAS Suppressor (MORFIUS) X-rotor high powered microwave (HPM) counter-drone system on Monday at the Farnborough Air Show in […]
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Air ForceUSAF F-16 VENOM Aircraft To Enter DARPA’s Artificial Intelligence Reinforcements Program
The Air Force and the Defense Advanced Research Projects Agency (DARPA) have begun another set of tests with one of a group of Lockheed Martin [LMT] F-16 fighters fitted with […]
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Business/FinancialPentagon’s Strategic Capital Office To Support Credit Funds Investing In Critical Minerals Companies
The Defense Department on Thursday said its Office of Strategic Capital (OSC) has established a new mechanism to provide capital to private lenders that will pool funds from investors and […]