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Business/Financial

DoD Strategic Capital Office Wants Feedback From Lenders, Companies On Loan Program

By Cal Biesecker

Wednesday, July 24th, 2024

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DoD Strategic Capital Office Wants Feedback From Lenders, Companies On Loan Program

The Defense Department’s new Office of Strategic Capital (OSC) on Wednesday issued two Requests for Information (RFI) to financial institutions and companies seeking feedback related to a loan program being developed to support investments in critical technologies and supply chains. The fiscal year 2024 National Defense Authorization Act authorizes OSC to provide loans, loan guarantees, or technical assistance related to investments in 31 covered technology categories, which include things like advanced manufacturing and advanced bulk materials such as composites, autonomous…

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]