By Calvin Biesecker General Dynamics [GD] topped a strong year with record quarterly income, sales and free cash flow, driven by exceptional results in both its military vehicle and business jet segments, the company reported yesterday. The strength in Combat Systems was widespread, including domestic and international military vehicle programs, ammunition, ordnance and advanced technology products, Nicholas Chabraja, GD's chairman and CEO, said during yesterday's earnings call. Combat Systems' operating profits were up 67 percent to $323 million in the…
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Congress Updates
Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans
Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]
SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding
Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]
SASC Bill Would Raise Amphib Requirement To 33 Ships
The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]
Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says
The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]
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