With the end of the shutdown of the federal government, Lockheed Martin [LMT] yesterday said that 2,400 of its employees that were furloughed as a result of the work stoppage will return to work soon. “We expect all U.S. government facilities to open, stop work orders to be lifted and for our operations to return to normal as soon as our customers are all back in place and have informed us that we may resume many critical programs that were…
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Congress Updates
House Appropriators Uncertain Navy Will Award F/A-XX Contract By August
House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]
House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty
The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]
House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut
The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]
House Appropriators Concerned With ‘Risky’ Reconciliation Approach To Fund Munitions, F-35 Plans
The House Appropriations Committee has raised concern with the Trump administration’s “risky” approach to seeking significant fiscal year 2027 funding for key priorities such as critical munitions and F-35 procurement […]
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