Raytheon Gets $300 Million Paveway Contracts In 2007, Half Of It In December Raytheon Co. [RTN] received a record $300 million-plus in contracts for its Paveway smart-bomb precision-guided munitions last year, with half of that coming in December alone, the company reported. The contracts are a combination of direct commercial sales and foreign military sales and will provide customers in Europe and Asia with the Enhanced Paveway II (EP2) and the EP3 variants of the Paveway weapon system, which upgrade…
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Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says
A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]
Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities
The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]
Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons
Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]
Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability
A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]
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