Pentagon
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Missile DefensePentagon Launches Golden Dome Hub To ‘Streamline Collaboration’
The Pentagon on Tuesday announced the launch of a new platform to “streamline collaboration” with the private sector for the Golden Dome for America homeland defense project. The department said […]
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Business/FinancialDoD Investing More Than $2 Billion In Batteries, Critical Minerals And Magnets
The Defense Department late Friday afternoon announced more than $2 billion in potential loans and equity investments to strengthen supply chains for batteries, critical minerals and magnets used by the […]
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PentagonDoD Plans $150 Million Loan To Boost U.S. Rare Earth-Free Magnet Production
The Pentagon’s Office of Strategic Capital (OSC) on August 7 said it signed a $150 million conditional loan commitment with Niron Magnetics, Inc., to scale the company’s permanent magnets that […]
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Missile DefenseNorthrop Signs $3 Billion In Framework Deals To Boost PAC-3 MSE, THAAD Component Production
The Pentagon has signed a pair of framework agreements with Northrop Grumman [NOC] to boost production of major components for PAC-3 MSE and THAAD interceptors. The department noted the two […]
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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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Army
Lockheed 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 […]