Spirit AeroSystems [SPR] yesterday said that its board of directors has named Larry Lawson, who until Monday was the head of Lockheed Martin’s [LMT] $15 billion Aeronautics division, as its new president and CEO effective April 6. Lawson, 55, will succeed Jeff Turner, who has been Spirit’s CEO since the company’s formation in 2005 when it was sold by Boeing [BA]. “The board sought a CEO armed with a strong record of operating and financial performance on both mature and…
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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 […]
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, […]
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. […]
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 […]
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