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Export-Import Bank Chief Touts Growing Satellite Portfolio As It Faces Reauthorization

Defense Daily Staff

Monday, March 3rd, 2014

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The head of the U.S. Export-Import Bank (Ex-Im) is touting its rapidly growing satellite portfolio as it faces its biennial reauthorization later this year. Ex-Im Bank Chairman Fred Hochberg touted recent successes including an $80 million loan to Orbital Sciences [ORB] to manufacture a satellite as well as a pair of $500 million financing packages to Lockheed Martin [LMT] and Boeing [BA] to manufacture satellites of their own. Hochberg told sister publication Defense Daily last year that 2013 would be the third consecutive year in which the Bank’s…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]