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

Defense Daily Staff

Friday, February 21st, 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 on Feb. 20 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…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

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SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

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House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]