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GOP Frustrated Lockheed Won’t Warn Of Potential Layoffs

Julie Samuel

Tuesday, October 2nd, 2012

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Top Pentagon contractor Lockheed Martin [LMT] said yesterday it will not send employees warnings about potential layoffs resulting from “sequestration” cuts to the defense budget, pointing to White House guidance that has exasperated Republican lawmakers. President Barack Obama’s Office of Management and Budget (OMB) late last Friday reaffirmed July guidance from the Labor Department saying it would be inappropriate for government contractors to issue layoff warnings in line with the Worker Adjustment and Retraining Notification] WARN Act. That law requires…

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 […]