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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Congress Updates
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 […]
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 […]
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 […]
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 […]
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