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Business/Financial

GAO Denies Raytheon Protest Of Sole-Source Aegis Mod Contract To Lockheed Martin

DDN

Monday, January 5th, 2009

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Systems Upgrading Work Will Proceed On Navy Destroyers , Cruisers The Government Accountability Office (GAO) denied Raytheon Co. [RTN] protests against several sole-source, non-competitive contracts that the Navy earmarked for Lockheed Martin Corp. [LMT] for modernization of Aegis weapon-control systems on Ticonderoga cruisers and Arleigh Burke Class destroyers. Raytheon Integrated Defense Systems had requested that the Navy reverse course and hold competitive bidding on the work, with Raytheon challenging three of four Navy sole- source procurements that the Navy said…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]