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Business/Financial

Chinese Firm Indicted For Allegedly Aiding Iranian Drive To Advance Nuke, Missile Programs

DDN

Monday, April 13th, 2009

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A Chinese firm stands indicted for allegedly aiding Iran in its drive to advance its nuclear and ballistic missiles development programs, according to Manhattan District Attorney Robert Morgenthau. Li Fanwei and his firm, Limmt Economic & Trade Co., were the focus of a 118-count indictment. They are charged with aiding Iran when it imported sensitive materials used in weapons systems. Morgenthau said the charges relate to "the misuse of Manhattan banks and the proliferation of illicit missile and nuclear technology…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]