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Lockheed Martin Continues Work On Blimp-Based Surveillance

Lockheed Martin [LMT] said it is continuing to work on a tethered blimp designed to provide real-time reconnaissance and surveillance 24 hours a day to soldiers in Afghanistan. The company is under a $345 million-contract with the Army to operated and sustain the Persistent Threat Detection System (PTDS).  PTDS is an aerostat-based system equipped with multiple sensors that provides low-cost, continuous communications and persistent surveillance capabilities that cannot be performed by manned or unmanned aircraft, Lockheed Martin said. It carries different…

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Congress Updates

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]


Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]


Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]


CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]