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Space

DoD Needs To Step Up Support For Commercial Space Industry, Silicon Valley Group Says

By Cal Biesecker

Monday, October 2nd, 2023

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DoD Needs To Step Up Support For Commercial Space Industry, Silicon Valley Group Says

Cluster of three HawkEye 360 satellites in low-Earth orbit. Image: HawkEye 360

Private funding in commercial space startups dramatically outpaces government investment but venture capital (VC) could wane if the Defense Department fails to quickly boost its contracting with these companies, potentially depriving the DoD of key space technologies, a group advocating for VC-backed national security companies says in new report. Startup commercial space companies—excluding SpaceX—that make up 33 of the top 100 businesses in the Silicon Valley Defense Group (SVDG) National Security 100 list have raised $7.7 billion in venture funding…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]